Item 1.01. Entry into a Material Definitive Agreement.
On September 26, 2023 (the “Signing Date”), Clean Vision Corporation (the “Company”) entered into a Securities Purchase Agreement (the “Agreement”) with an accredited investor (the “Purchaser”) related to the Company’s sale of 10,000,000 shares (the “Common Shares”) of its common stock, par value $0.001 per share (the “Common Stock”), to the Purchaser for an aggregate purchase price of $198,000. Although the Agreement was signed on the Signing Date, it did not become effective until the aggregate purchase price owed pursuant to the Agreement was paid by the Purchaser in cash to the Company on September 28, 2023.
Pursuant to the Agreement, the Company (i) issued and sold 10,000,000 Common Shares to the Purchaser at a purchase price of $0.0198 per Common Share and (ii) issued an additional 5,000,000 shares of restricted Common Stock to the Purchaser. Additionally, the Agreement requires the Company to file a registration statement with the U.S. Securities and Exchange Commission covering the resale of the 10,000,000 Common Shares no later than 45 days following the Signing Date.
Item 9.01 Financial Statements and Exhib
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