ACRG 8-K
American Clean Resources Group, Inc. (ACRG)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form
CURRENT REPORT
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Item 1.02 Termination of a Material Definitive Agreement.
American Clean Resources Group, Inc. (“ACRG” or the “Company”) hereby reports that on November 21, 2025, the Company and Launch It LLC (“LaunchIt”) entered into a definitive agreement to rescind in full the prior transaction relating to SWIS LLC. The parties determined, following further evaluation, that the SWIS technology and related business direction were not aligned with the Company’s operational objectives. Accordingly, the parties agreed to unwind the transaction in its entirety.
Pursuant to the rescission agreement, LaunchIt shall return 1,470,000 shares (the “Shares”) of the Company’s common stock to ACRG. The Company will retire the Shares, resulting in a permanent reduction of the Company’s issued and outstanding common stock. ACRG shall transfer to LaunchIt 100% of the equity interests in SWIS LLC, effective as of the closing of the rescission.
Each party has executed a mutual release of all claims, obligations, and liabilities arising from or relating to the prior agreements, except for those expressly preserved in the rescission agreement.
No additional consideration is owed to either party other than as expressly stated in the rescission agreement. The rescission returns both parties to their pre-transaction positions with finality and resolves all rights and obligations associated with the earlier arrangement.
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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.
| AMERICAN CLEAN RESOURCES GROUP, INC. | ||
| Date: November 25, 2025 | By: | /s/ Tawana Bain |
| Tawana Bain | ||
| Chief Executive Officer | ||
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