LOS ANGELES, CA / ACCESSWIRE / February 28, 2023 / Clean Vision Corporation (OTCQB:CLNV) ("Clean Vision" or the "Company"), an emerging leader in the sustainable clean technology and green energy sectors, today announced that it has closed a $4 million dollar financing on February 23, 2023, which the Company believes will allow the Company to rapidly execute on its business model of supporting a portfolio of sustainable ventures targeting key environmental challenges.
The funding came from a multi-billion-dollar multi-strategy platform hedge fund with approximately $5 billion in assets under management that seeks to build talent density across all areas of its business, providing its team with world class resources for optimal results.
Under the terms of the financing, Clean Vision will receive funds in two tranches: $2.5 million upon execution of all documents, and the remaining $1.5 million upon the filing of a registration statement on Form S-1 with the U.S. Securities and Exchange commission (the "SEC") within thirty (30) days of the closing of the financing.
"This capital will allow Clean Vision to rapidly expand its global operations and provide its wholly-owned subsidiary, Clean-Seas, Inc., with the necessary resources to close its acquisition of Ecosynergie Group in Morocco and begin recognizing revenue from the current operations," stated Dan Bates, CEO of Clean Vision. "EcoCell, Inc., a wholly-owned subsidiary of Clean Vision, will also benefit from this investment, and the Company looks forward to completing its development of the hybrid hydrogen fuel cell technology."
Spartan Capital Securities, LLC served as the sole placement agent for the financing and will assist in securing the Company's future capital needs and support its plans for an uplisting to a senior exchange
"Spartan is delighted to partner with Clean Vision, a company with proven management, great products, and a timely plan to target a global market opportunity," said Jason Diamond, Head of Investment Banking.
Bullish
