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OMAHA, NE—Clayton Adams, the Chief Executive Officer of CleanCore Solutions, Inc. (NASDAQ:ZONE), has recently made a notable purchase of company stock. According to a recent SEC filing, Adams acquired 2,000 shares of Class B Common Stock on February 25, 2025, at a price of $0.985 per share. This transaction totaled approximately $1,970. Following this purchase, Adams now holds 493,000 shares of CleanCore Solutions directly. The insider purchase comes as the stock trades near $1.15, down roughly 67% over the past year. InvestingPro analysis indicates the stock is currently overvalued despite the significant price decline.
CleanCore Solutions, based in Omaha, specializes in specialty cleaning, polishing, and sanitation preparations. The company’s shares are traded under the ticker ZONE on the NASDAQ exchange. The company maintains a moderate debt level with a debt-to-equity ratio of 1.37, though InvestingPro data reveals concerning cash burn rates and negative EBITDA of $2.94M in the last twelve months. Subscribers to InvestingPro can access 8 additional key insights about ZONE’s financial health and market position.
In other recent news, CleanCore Solutions has been active in restructuring its financial obligations and executive team. The company recently entered into a financial arrangement involving its top executives, as detailed in an SEC filing. On January 27, 2025, CEO Clayton Adams sold a portion of a promissory note to President Travis Buchanan, leading to the issuance of new promissory notes. These new notes, which carry an 8% annual interest rate, are due on June 30, 2025, and can be prepaid without penalty. Additionally, CleanCore Solutions appointed Travis Buchanan as its new President, effective January 1, 2025, with an annual salary of $165,000 and potential bonuses. Alongside Buchanan’s appointment, the company revised the compensation for Chief Revenue Officer Gary Hollst, including an annual salary of $125,000 and performance-based bonuses. Furthermore, CleanCore restructured a previous debt by canceling a promissory note issued to Walker Water, LLC, and reassigning it to Hollst and an external party, Gary Rohwer. These strategic moves, including the involvement of high-level insiders, highlight CleanCore Solutions’ efforts to manage its financial strategy and strengthen its executive team.
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