| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ACRG | Common Stock | Conversion of derivative security | $5.51M | +5.24M | +81.88% | $1.05 | 11.6M | Aug 15, 2023 | Direct | |
| transaction | ACRG | Common Stock | Sale | $413K | +82.7K | +0.71% | $5.00 | 11.7M | Aug 15, 2023 | Direct | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ACRG | Convertible Line of Credit | Exercise of in-the-money or at-the-money derivative security | -$5.51M | -5.24M | -100% | $1.05 | 0 | Aug 15, 2023 | Common Stock | 5.24M | $1.05 | Direct | F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | Granite Peak Resources, LLC ("GPR") received the shares in an exchange for a pro-rata equity interest in GPR. The shares are valued at the time of exchange on 8/15/23 as the fair market value ("FMV") as the closing price on the previous date ($5.00) and such equity interest in Granite Peak Resources LLC is valued as the FMV of the American Clean Resources, Inc. (the "Company") shares |
| F2 | Granite Peak Resources, LLC ("GPR") is the Issuer's largest shareholder and secured debtholder. The terms of the Line of Credit ("LOC"), as amended, are disclosed in the Issuer's quarter and annual statements filed with the SEC. This conversion is being effected to reduce the amount of the Issuer's debt in preparation for the disclosed merger with the SMS Group (See the Form 8-K filed with the SEC on June 12, 2023. |
| F3 | The LOC was originally issued on March 16, 2020, the outstanding balance is convertible at any time after its issuance |
| F4 | There is no expiration date per se but the balance of the LOC is due on March 16, 2027 |