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OMAHA, NE – CleanCore Solutions, Inc. (NYSE American:ZONE), a company whose stock has surged over 131% in the past six months according to InvestingPro data, announced it has entered into settlement agreements resolving two separate disputes, one with its former CEO Matthew Atkinson and another with Boustead Securities, LLC.
On June 6, 2025, CleanCore Solutions, together with its current CEO Clayton Adams and CFO David Enholm, reached a settlement with Atkinson, concluding a lawsuit initiated by Atkinson on August 20, 2024. Under the terms of the settlement, CleanCore will issue 200,000 shares of its class B common stock to the James T. Coyle Legacy Trust, fulfilling an unresolved obligation of Atkinson. The settlement stipulates that the lawsuit will be dismissed with prejudice and each party will bear their own legal costs.
In a separate agreement dated June 5, 2025, CleanCore settled with Boustead Securities regarding compensation claims under previous agreements. CleanCore will pay Boustead $100,000 within 45 days and an additional $1,050,000 upon closing a capital raising transaction of at least $50 million. Should smaller transactions occur, Boustead is to receive 2% of the total funds disbursed until the full amount is paid. Additionally, CleanCore issued Boustead warrants to purchase shares of its class B common stock.
These settlements are part of CleanCore’s efforts to resolve outstanding legal matters and focus on its core business operations. The issuance of securities in these settlements is exempt from registration under the Securities Act of 1933.
Furthermore, at its annual meeting on June 5, 2025, CleanCore’s stockholders elected four directors to the Board, ratified the appointment of TAAD, LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2025, and approved an amendment to increase the share reserve under the company’s 2022 Equity Incentive Plan.
The information provided here is based on a press release statement and details from the SEC filing.
In other recent news, CleanCore Solutions announced the resignation of Larry Goldman from its Board of Directors, effective March 14, 2025. The company clarified that Goldman’s departure was not due to any disagreements over operations, policies, or financial matters. This information was disclosed in a regulatory filing with the Securities and Exchange Commission (SEC). CleanCore Solutions, headquartered in Omaha, has not yet announced a successor for Goldman or provided a timeline for filling the vacancy. The company continues to be led by CEO Clayton Adams, as indicated in the SEC filing. Investors often scrutinize changes in a company’s board, given its significant role in corporate governance and strategic direction. However, CleanCore Solutions’ statement suggests that Goldman’s resignation was a neutral decision without any underlying conflict. The company remains classified under the industrial code 2842 and continues to operate as an emerging growth company, benefiting from certain SEC regulatory flexibilities.
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