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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):
February 14, 2025
CLEANCORE SOLUTIONS, INC. |
(Exact
name of registrant as specified in its charter) |
Nevada |
|
001-42033 |
|
88-4042082 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
5920
S. 118th Circle, Omaha,
NE |
|
68137 |
(Address of principal executive offices) |
|
(Zip Code) |
(877) 860-3030 |
(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 each exchange on which registered |
Class B Common Stock, par value $0.0001 per share |
|
ZONE |
|
NYSE American LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
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
2.02 Results of Operations and Financial Condition.
On February 14, 2025, CleanCore Solutions,
Inc. issued a press release regarding its financial results for the fiscal quarter ended December 31, 2024. A copy of the press release
is furnished as Exhibit 99.1 to this report.
The information furnished with this Item 2.02,
including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934,
as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing
under Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, except as expressly set forth by specific
reference in such a filing.
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits
SIGNATURES
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.
Date: February 14, 2025 |
CLEANCORE SOLUTIONS, INC. |
|
|
|
/s/ Clayton Adams |
|
Name: |
Clayton Adams |
|
Title: |
Chief Executive Officer |
Exhibit 99.1
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CleanCore Solutions, Inc. (ZONE) Reports Second
Quarter FY 2025 Financial Results and Provides Business Update
Omaha, NE, February 14, 2025 - CleanCore Solutions,
Inc. (NYSE American: ZONE) (“CleanCore” or the “Company”), developer of patented technology
that works as a safe and low-cost replacement for traditional cleaning chemicals, today reported its second quarter 2025 financial results
and provided a business update.
Business Highlights:
| ● | Rapid adoption of CleanCore’s technology with building
service contractors for its cost savings and sustainability benefits. |
| ● | Commenced a worldwide rollout with one of the world’s
leading enterprise software companies. |
| ● | Expanded international partnerships with Fortune 500 clients,
securing market presence in a high-growth regions. |
| ● | Product reengineering initiatives underway to lower cost
of goods sold, ensuring long-term financial efficiency. |
“We are experiencing strong market adoption,
as evidenced by recent contracts in the education and aviation sectors, where organizations are seeking cost-effective, time-saving alternatives
to traditional chemical cleaning products,” said Clayton Adams, CEO of CleanCore Solutions. “Over the past few months, we
have transitioned to a direct sales recurring revenue model, expanded our customer pilot programs, and increased market traction. While
this shift resulted in higher sales costs as pilots increased—leading to a temporary revenue dip and expense increase this quarter—revenue
for the six months ended December 31, 2024, grew by 6.5%. This reflects the short-term impact of our new approach, that will give us sustainable
and predictable revenue growth in the coming quarters”
“Additionally, we are gaining traction
with major organizations, including an international hotel chain piloting our
solutions, integration within leading US-based fitness centers, Montessori schools across Minnesota integrating our technology, and a
major New York airport deploying our solutions. These partnerships highlight our ability to serve diverse industries with effective,
sustainable cleaning solutions. As a growing number of organizations seek safer and more efficient alternatives, we expect this momentum
to continue.”
“In fact, we anticipate a significant increase
in market demand following the EPA’s recent ban on two carcinogenic chemicals commonly used in consumer and industrial products.
Companies that rely on these substances must now transition to safer, chemical-free alternatives to maintain compliance. Because our products
meet these standards and align with EPA regulations, we are well-positioned to help businesses navigate this transition seamlessly. As
the regulatory landscape evolves and demand for sustainable solutions grows, we are confident in our ability to capture new opportunities,
expand our market presence, and drive long-term value for our shareholders.”
Financial Results
Revenue for the three months ended December 31,
2024 was approximately $257,000 compared to approximately $258,000 for the three months ended December 31, 2023. General and administrative
expenses increased to approximately $911,000 for the three months ended December 31, 2024, compared to approximately $320,000 for the
three months ended December 31, 2023. This increase was primarily related to an increase in professional fees, salaries for new employees,
director and officer insurance, and stock-related compensation. Net loss for the three months ended December 31, 2024 was approximately
$1.0 million compared to approximately $345,000 for the three months ended December 31, 2023.
The Company’s quarterly report on Form 10-Q for
the quarterly period ended December 31, 2024 is scheduled to be filed with the U.S. Securities and Exchange Commission today. The Form
10-Q will also be available on the Company’s website.
About CleanCore Solutions
CleanCore Solutions, Inc. (NYSE American: ZONE)
is dedicated to revolutionizing cleaning and disinfection practices by harnessing the power of its patented aqueous ozone technology.
The Company’s mission is to empower its customers with cost-effective, sustainable solutions that surpass traditional cleaning methods.
Through innovation and commitment to excellence, CleanCore strives to create a healthier, greener future for generations to come. For
more information, please visit https://www.cleancoresol.com/.
Forward Looking Statements
This press release contains information about
our views of future expectations, plans, and prospects with respect to CleanCore’s business, financial condition, and results of
operations that constitute or may constitute forward-looking statements. Any and all forward-looking statements are based on the management’s
beliefs, assumptions, and expectations of CleanCore’s future economic performance, taking into account the information currently
available to it. These statements are not statements of historical fact. Although CleanCore believes the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. CleanCore
does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by
law. Forward-looking statements are subject to a number of factors, risks, and uncertainties, some of which are not currently known to
us, that may cause CleanCore’s actual results, performance or financial condition to be materially different from the expectations
of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking
statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory
changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings
with the SEC.
Investor Relations:
Crescendo Communications, LLC
Email: zone@crescendo-ir.com
Tel: (212) 671-1020
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