Form 8-K - Current report
January 23 2024 - 3:31PM
Edgar (US Regulatory)
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2024-01-17
2024-01-17
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): January
17, 2024
Clean
Vision Corporation
(Exact
name of registrant as specified in its charter)
Nevada |
|
024-11501 |
|
85-1449444 |
(State or Other Jurisdiction
of Incorporation) |
|
(Commission
File Number) |
|
(I.R.S. Employer
Identification No.) |
2711
N. Sepulveda Blvd. Suite
1051
Manhattan
Beach, CA
90266
(Address
of Principal Executive Offices) (Zip Code)
(424)
835-1845
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange
on
which registered |
N/A |
|
N/A |
|
N/A |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01. Entry into a Material Definitive Agreement.
On January 9, 2024 (the “Signing Date”),
Clean Vision Corporation (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with an
accredited investor (the “Purchaser”) whereby the Company agreed to sell, and the Purchaser agreed to purchase, up to 15,000,000
shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), for an aggregate purchase price
of up to $300,000, or $0.02 per share. Pursuant to the Agreement, on January 17, 2024 (the “Effective Date”), the Purchaser
paid $100,000 (the “Subscription Amount”) to the Company in exchange for 5,000,000 shares of Common Stock (the “Purchased
Shares”). Although the Agreement was signed on the Signing Date, it did not become effective until the Purchaser paid the Subscription
Amount to the Company in cash on the Effective Date.
Pursuant to the Agreement, the Company agreed that
it would use the proceeds from the sale of the Purchased Shares for working capital purposes and satisfaction of indebtedness. Additionally,
the Agreement requires the Company to file a registration statement with the U.S. Securities and Exchange Commission covering the resale
of the Purchased Shares no later than 90 days following the Signing Date.
The foregoing
description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement attached to
this Current Report on Form 8-K as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
CLEAN VISION CORPORATION |
|
|
Date: January 23, 2024 |
By: |
/s/
Daniel Bates |
|
Name: |
Daniel Bates |
|
Title: |
Chief Executive Officer |
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