secwatch.observer — SEC 8-K summary
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Issuer:     Clean Vision Corp (CLNV)
CIK:        0001391426
Form:       8-K
Filed at:   2024-08-20T23:59:59+00:00
Accession:  0001903596-24-000540
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 2.04
LLM model:  deepseek-v4-flash:cloud@v2

Clean Vision defaults on $246,400 convertible note payment; interest rate jumps to 24%
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- Default triggered by missed $50,000 payment due Aug 12, 2024; current balance $246,400.
- Interest rate adjusted from 12% to 24%; conversion price resets to lowest traded price during default.
- Company negotiating forbearance but warns of material impact on working capital if unable to cure.
- Default could force equity/debt financing on substantially worse terms than current note.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391426/000190359624000540/0001903596-24-000540-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391426/000190359624000540/clnv_8k.htm
  HTML page:      https://secwatch.observer/filing/0001903596-24-000540

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer