IPO - CleanCore Solutions, Inc.
Form Type: 8-K
Filing Date: 2025-06-17
Corporate Action: Ipo
Type: Update
Accession Number: 000121390025055239
Filing Summary: On June 17, 2025, CleanCore Solutions, Inc. filed an 8-K report detailing updates to its consulting agreement with Birddog Capital, LLC. Following the company's initial public offering (IPO), which is anticipated, the consulting agreement originally signed on April 1, 2024, included a fee structure and stock option provisions. The amendment to the agreement made on June 11, 2025, outlines that CleanCore will pay Birddog a monthly fee of $22,000, along with deferred expenses up to $25,000. Additionally, 500,000 restricted stock units were issued to Clayton Adams, all of which vested immediately. Payment of $175,000 to Birddog is scheduled for between August 1, 2025, and December 31, 2025. This update is significant as it reflects the preparation for the company’s IPO and adjustments in compensation and stock issuance to its consulting partner.
Additional details:
Item 1 Notice: Notice of Entry into a Material Definitive Agreement
Original Agreement Date: 2024-04-01
Amendment Date: 2025-06-11
Monthly Fee: 22,000
Deferred Expenses: 25,000
Restricted Stock Units Issued: 500,000
Vesting Structure: 250,000 shares vesting immediately, 250,000 shares vesting in eighteen months
Total Payment Due: 175,000
Payment Due Date Range: 2025-08-01 to 2025-12-31
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