American Clean Resources Group, Inc 8-K, filed Feb 7, 2022
American Clean Resources Group, Inc. (ACRG)
About this 8-K
American Clean Resources Group, Inc filed this 8-K on February 7, 2022.
Items reported
- Item 1.01: Entered into a material agreement
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 1.01 Entry into a Material Definitive Agreement.
In connection with the acquisition of Sustainable Metal Solutions, LLC (“SMS”), previously disclosed on the Form 8-K filed with the Securities and Exchange Commission on January 11, 2022, Standard Metals Processing, Inc. (the “Company”) intends to change its name and trading symbol to better reflect the more diverse business plan, up list to OTCQB and upon completion of the audited financial statements of SMS and its fourteen subsidiaries, including, but not limited to, its wholly owned subsidiary, DeFi Block Chain Token Services, LLC, its joint venture, T Bain Societal Impact Group, LLC and its pending acquisitions, Mitchell Energy Services, LLC and Buffalo Industrial Controls, LLC for the fiscal years of 2019, 2020 and 2021 a further up list to NASDAQ or a NYSE market. Final terms of the transaction can then be determined at that time.
The Company executed a definitive agreement to acquire a controlling interest in executed on January 10, 2022. Closing of the acquisition of SMS is subject to due diligence. The purchase price for the controlling interest of SMS will be determined based on the price of SMPR common stock on the date of Closing, such date to be decided by the Parties in good faith after all conditions precedent are met. The Company will file a registration statement with the SEC covering all shares of common stock issued in connection with this transaction. SMS is an American multi-company environmental development platform focused on producing carbon neutral precious metals and minerals thereby driving American mineral independence while revitalizing the environment and minimizing the impacts of climate change.
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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.
| Dated: February 7, 2022 | Standard Metals Processing, Inc. | |
| By: | /s/ Sharon Ullman | |
|
Sharon Ullman Chief Financial Officer | ||
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