OTHER INFORMATION.
−Removed: Resignation of Chairman and CEO
−Removed: On June 7, 2024, Douglas T.
−Removed: Moore resigned from his positions as Chairman,
−Removed: Chief Executive Officer and President .
−Removed: Moore’s resignation was not due to any disagreement with our company on any matter relating
−Removed: to our operations, policies or practices.
−Removed: On June 10, 2024, we entered into a separation agreement and release
−Removed: of claims, or the Separation Agreement, with Mr.
−Removed: Moore providing for the separation of his employment with our company effective as of
−Removed: June 7, 2024.
−Removed: Under the Separation Agreement, we agreed to pay Mr.
−Removed: Moore a severance payment in the amount of $80,000, payable in $10,000
−Removed: installments every two weeks consistent with our existing payroll practices, and agreed to pay all previously earned, accrued, and unpaid
−Removed: benefits from our company and its employee benefit plans.
−Removed: We also agreed to issue 20,000 shares of class B common stock to Mr.
−Removed: January 2, 2025.
−Removed: Moore helped us complete our initial public offering and successfully
−Removed: list on NYSE American.
−Removed: We expect that Mr.
−Removed: Moore will continue as a trusted advisor to our company and assist us to build a broad base
−Removed: of customers and pursue strategic initiatives as needed.
−Removed: Under the planned advisory agreement with Mr.
−Removed: Moore, he would be entitled to
−Removed: receive a ten percent (10%) commission on revenues actually received during a two-year period from certain new clients that Mr.
−Removed: introduces to us.
−Removed: The Separation Agreement also includes a customary mutual release of claims by Mr.
−Removed: Moore and our company,
−Removed: as well as customary confidentiality and mutual non-disparagement provisions.
−Removed: Appointment of Chairman and CEO
−Removed: On June 7, 2024, our Board of Directors, upon recommendation of the
−Removed: Nominating and Corporate Governance Committee, appointed Clayton Adams , a significant stockholder and founder, as Chairman, Chief Executive
−Removed: Officer and President.
−Removed: Clayton Adams is one of our founders and previously served as our President, Chief Financial Officer and as a member of our board of directors
−Removed: from September 2022 until July 2023.
−Removed: Since January 2020, Mr.
−Removed: Adams has served as Principal at Bird Dog Capital LLC, where he leads various
−Removed: Adams gained experience developing the growth of small companies as Chief Executive Officer of Carson Enterprises, Inc.,
−Removed: a company engaged in landscaping and construction, from March 2009 to February 2019.
−Removed: At Carson Enterprises, Inc., Mr.
−Removed: Adams expanded the
−Removed: company and successfully sold the company in February 2019.
−Removed: Adams is also a member of the board of directors and serves on the audit,
−Removed: compensation and nominating committees of Signing Day Sports, Inc.
−Removed: Adams graduated from Red Oak High School in 2007.
−Removed: We believe that
−Removed: Adams is qualified to serve on our board of directors due to his experience in small-cap companies, scaling operations, and financial
−Removed: Adams was appointed to serve until his successor is duly elected
−Removed: and qualified.
−Removed: There are no family relationships between Mr.
−Removed: Adams and our existing directors and officers.
−Removed: There are no arrangements
−Removed: or understandings between Mr.
−Removed: Adams and any other persons pursuant to which he was selected.
−Removed: See Part I, Item 2 “Management’s
−Removed: Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources” for a description
−Removed: of certain loans to us from Mr.
−Removed: Except for those loans, there has been no transaction, nor is there any currently proposed transaction,
−Removed: Adams and us that would require disclosure under Item 404(a) of Regulation S-K.
−Removed: Description of Exhibit
−Removed: Articles of Incorporation of CleanCore Solutions, Inc., as amended (incorporated by reference to Exhibit 3.1 to the Registration Statement on Form S-1 filed on October 10, 2023)
−Removed: Bylaws of CleanCore Solutions, Inc.
+Added: of Incorporation of CleanCore Solutions, Inc., as amended (incorporated by reference to Exhibit 3.1 to the Registration Statement
+Added: on Form S-1 filed on October 10, 2023)
+Added: of CleanCore Solutions, Inc.
(incorporated by reference to Exhibit 3.2 to the Registration Statement on Form S-1 filed on October
−Removed: Class B Common Stock Purchase Warrant issued to Boustead Securities, LLC on April 30, 2024 (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed on May 1, 2024)
−Removed: Form of 10% Original Issue Discount Convertible Promissory Note relating to the 2024 private placement (incorporated by reference to Exhibit 10.2 to Amendment No.
−Removed: 3 to the Registration Statement on Form S-1/A filed on February 23, 2024)
−Removed: Loan Agreement, dated March 26, 2024, between CleanCore Solutions, Inc.
−Removed: and Clayton Adams (incorporated by reference to Exhibit 10.14 to Amendment No.
−Removed: 6 to the Registration Statement on Form S-1/A filed on March 27, 2024)
−Removed: Revolving Credit Note issued by CleanCore Solutions, Inc.
−Removed: to Clayton Adams on March 26, 2024 (incorporated by reference to Exhibit 10.15 to Amendment No.
−Removed: 6 to the Registration Statement on Form S-1/A filed on March 27, 2024)
−Removed: Business Property Lease Second Amendment, dated March 20, 2024, between RMR Mercury I-80, LLC and CleanCore Solutions, Inc.
−Removed: (incorporated by reference to Exhibit 10.18 to Amendment No.
−Removed: 6 to the Registration Statement on Form S-1/A filed on March 27, 2024)
−Removed: Employment Agreement, dated February 5, 2024, between CleanCore Solutions, Inc.
−Removed: and Douglas T.
−Removed: Moore (incorporated by reference to Exhibit 10.19 to Amendment No.
−Removed: 3 to the Registration Statement on Form S-1/A filed on February 23, 2024)
−Removed: Certifications of Principal Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
−Removed: Certifications of Principal Financial and Accounting Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
−Removed: Certifications of Principal Executive Officer furnished pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: Certifications of Principal Financial and Accounting Officer furnished pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
+Added: B Common Stock Purchase Warrant issued to Boustead Securities, LLC on April 30, 2024 (incorporated by reference to Exhibit 4.1 to
+Added: the Current Report on Form 8-K filed on May 1, 2024)
+Added: Distributorship Contract, dated September 10, 2024, between CleanCore Solutions, Inc.
+Added: and Consensus B.V.
+Added: (incorporated by reference
+Added: to Exhibit 10.1 to the Annual Report on Form 10-K filed on September 20, 2024)
+Added: Development Proposal, dated August 20, 2024, between CleanCore Solutions, Inc.
+Added: and Business International Incorporation (incorporated
+Added: by reference to Exhibit 10.2 to the Annual Report on Form 10-K filed on September 20, 2024)
+Added: Certifications
+Added: of Principal Executive Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
+Added: Certifications
+Added: of Principal Financial and Accounting Officer filed pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
+Added: Certifications
+Added: of Principal Executive Officer furnished pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
+Added: Certifications
+Added: of Principal Financial and Accounting Officer furnished pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
Inline XBRL Instance Document
Inline XBRL Taxonomy Extension Schema Document
−Removed: Inline XBRL Taxonomy Extension Calculation Linkbase Document
−Removed: Inline XBRL Taxonomy Extension Definition Linkbase Document
−Removed: Inline XBRL Taxonomy Extension Label Linkbase Document
−Removed: Inline XBRL Taxonomy Extension Presentation Linkbase Document
−Removed: Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)
+Added: Inline XBRL Taxonomy Extension Calculation
+Added: Linkbase Document
+Added: Inline XBRL Taxonomy Extension Definition
+Added: Linkbase Document
+Added: Inline XBRL Taxonomy Extension Label Linkbase
+Added: Inline XBRL Taxonomy Extension Presentation
+Added: Linkbase Document
+Added: Cover Page Interactive Data File (formatted
+Added: as Inline XBRL and contained in Exhibit 101)
* Filed herewith
3 unchanged sentences
duly authorized.
−Removed: June 10, 2024
+Added: November 13, 2024
CLEANCORE SOLUTIONS, INC.
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.