Form 8-K - Current report
15 9월 2023 - 3:06AM
Edgar (US Regulatory)
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2023-09-12
2023-09-12
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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): September
12, 2023
AMERICAN CLEAN RESOURCES GROUP, INC.
(Exact name of registrant as specified in its charter)
Nevada |
|
000-14319 |
|
84-0991764 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification
No.) |
12567 West Cedar Drive, Suite 230 Lakewood, CO 80228-2039 |
(Address of principal executive offices) |
(888) 960-7347
Registrant’s telephone number, including area
code
(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 exchange on which registered |
Common Stock
$0.001 par value |
|
ACRG |
|
OTC |
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 September 13, 2023, American Clean Resources Group,
Inc. (the “Company”) executed an agreement to acquire a 100% interest in SWIS, L.L.C. (“SWIS”). The Company will
issue 1,500,000 shares of restricted common stock in exchange for a 100% interest in SWIS. The Company believes this acquisition will
help strengthen our economics and further our goal to decrease our environmental impact and promote environmentally conscious operations.
About SWIS:
Combined Sewer Systems (“CSS”) were built
over a century ago with the intention to divert wastewater away from households. CSS collect rainwater runoff, domestic sewage, and industrial
wastewater into a single pipe system, which then transports the combined wastewater to a treatment plant. When the aged CSS is overwhelmed,
the result is untreated wastewater being discharged directly into public waterways, such as creeks, streams, rivers, and other local bodies
of water referred to as Combined Sewer Overflow (“CSO”). The resulting discharges of pollutants into public waterways increases
the amount of suspended solids from point-source origins introduced to the ecosystem, creating a significant health hazard for wildlife
and humans exposed to these waterways, historically tied to disease transmission. These violate the Clean Water Act and result in significant
repercussions from the EPA. Currently, over forty million people in 700+ municipalities nationwide live in a municipality with a CSS.
Current solutions rely predominantly on inadequate
Public Notification Programs to prevent water use at the source, the household, during high-risk CSO times. The current Public Notification
Programs utilized by all municipalities in a CSS entails email signups, website banners, pamphlets, signs, etc., which remains arduous
and ineffective. This antiquated, ineffective approach creates the immediate need to develop a modern, real-time notification system that
gives individual households and facilities the immediately ability to positively modify their water use behavior resulting in a decrease
in harmful point source pollutants unknowingly and unnecessarily being introduced to public waterways.
At SWIS we have developed an algorithm and a “smart”
device that provides essential information to improve water quality from CSO. Recently, we have assigned the patent to the University
of Louisville with the intent to commercialize the solution on behalf of the university, community, state and country. More importantly,
SWIS along with other fellow entrepreneurs and environmental stewards have assembled a team to launch SWIS, with stakeholders from UofL,
MSD, and state government. SWIS is actively ready to launch a pilot project to test its modernized approach to CSO Public Notification
Programs. Currently, the patented algorithm is on standby for integration into “smart” plugs that will be used for non-invasive
in-home notification. An implementation playbook has been designed for municipal use. SWIS has a management team well versed in the necessary
strategies for market penetration and adoption and looks to test its behavior modification program abilities with the University of Louisville.
This project would greatly contribute to the universities
expanding sustainability program and would put UofL and SWIS in an advanced position to compete to be one of six universities in the US
that the EPA will chose as stormwater research hubs. With the completion of a successful Research Project, these stated goals and deliverables
would revolutionize a major component of the $1 trillion water infrastructure issue plaguing a growing population and prime UofL and SWIS
for nationwide Public Notification Program adoption. The development of our platform will modernize Public Education and Notification
Programs that will significantly reduce the monetary cost and health risk of CSO events for municipalities worldwide. The results to be
discovered at UofL will give SWIS data and information capable of educating citizens of developed cities across the globe and seamlessly
integrating newly developed nations.
SIGNATURE
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.
Dated: September 14, 2023 |
American Clean Resources Group, Inc.
|
|
|
|
|
By: |
/s/ Tawana Bain |
|
|
Tawana Bain
Chief Executive Officer |
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American Clean Resources (CE) (USOTC:ACRG)
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American Clean Resources (CE) (USOTC:ACRG)
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