American Clean Resources (ACRG) converts $1.73M credit line into 1.64M shares

Rhea-AI Filing Summary

American Clean Resources Group, Inc. disclosed that on December 31, 2025 it issued 1,644,906 shares of common stock to Granite Peak Resources, LLC in connection with the conversion of the outstanding balance under its line of credit with Granite Peak Resources. The shares were exchanged for the cancellation of approximately $1,727,152 of indebtedness, implying a conversion price of about $1.05 per share, which reduces the Company’s debt in favor of additional equity held by this creditor.

The transaction was completed as an unregistered private offering relying on Section 4(a)(2) of the Securities Act and/or Regulation D, with Granite Peak Resources representing that it is an accredited investor acquiring the shares for investment purposes. Granite Peak Resources beneficially owns 82.2% of the Company’s outstanding common stock and is required to report the acquisition on a Form 4 under Section 16(a).

Insights

Capital structure and governance analyst

Debt is converted to equity held by the Company’s controlling stockholder, reducing leverage but concentrating ownership.

American Clean Resources Group, Inc. issued 1,644,906 common shares to Granite Peak Resources, LLC in exchange for cancelling approximately $1,727,152 outstanding under a line of credit. This shifts the obligation from debt to equity at an implied price of about $1.05 per share, which removes the liability but increases the share count and Granite Peak Resources’ ownership stake.

The filing notes that Granite Peak Resources beneficially owns 82.2% of the Company’s outstanding common stock, highlighting its role as a controlling stockholder. Because the share issuance was done as an unregistered private offering under Section 4(a)(2) and/or Regulation D, future liquidity for these shares depends on available exemptions or registrations, and Granite Peak Resources is required to report the acquisition on a Form 4 under Section 16(a).

8-K Event Classification

2 items: 3.02, 5.02

2 items

Item 3.02 Unregistered Sales of Equity Securities Securities

The company sold equity securities in a private placement or other unregistered transaction.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): January 7, 2026

AMERICAN CLEAN RESOURCES GROUP, INC.

(Exact Name of Registrant as Specified in Charter)

Nevada		000-14319		84-0991764
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

12567 West Cedar Drive, Suite 230, Lakewood, CO 80228-2039

(Address of principal executive offices)

1.720.458.1124

(Registrant's telephone number, including area code)

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
Common Stock $0.001 par value		ACRG		OTC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 3.02 Unregistered Sales of Equity Securities.

On December 31, 2025, American Clean Resources Group, Inc. (“ACRG” or the “Company”) issued 1,644,906 shares of its common stock (the “Shares”) to Granite Peak Resources, LLC (“GPR”) in connection with the conversion of the outstanding balance under the Company’s line of credit with GPR.

The Shares were issued in exchange for the cancellation of approximately $1,727,152 of indebtedness outstanding under the line of credit. The implied conversion price was approximately $1.05 per share.

The Shares were issued in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), in reliance on Section 4(a)(2) thereof and/or Regulation D promulgated thereunder, based on representations made by GPR that it is an accredited investor acquiring the Shares for investment purposes and not with a view to distribution.

The Shares have not been registered under the Securities Act or any state securities laws and may not be offered or sold absent registration or an applicable exemption from registration.

Item 5.02 Disclosure Regarding Section 16 Filing

In connection with the issuance of the Shares described in Item 3.02 above, GPR, which beneficially owns 82.2% of the Company’s outstanding common stock, is required to report the transaction pursuant to Section 16(a) of the Securities Exchange Act of 1934. GPR has filed, or will file, a Form 4 reporting the acquisition of the Shares within the applicable reporting period.

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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.

	AMERICAN CLEAN RESOURCES GROUP, INC.
Date: January 7, 2026	By:	/s/ Tawana Bain
		Tawana Bain
		Chief Executive Officer

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FAQ

What transaction did American Clean Resources Group, Inc. (ACRG) report in this 8-K?

ACRG reported that on December 31, 2025 it issued 1,644,906 shares of common stock to Granite Peak Resources, LLC in connection with the conversion of the outstanding balance under its line of credit with Granite Peak Resources.

How much debt did ACRG eliminate through the share issuance to Granite Peak Resources, LLC?

The Company issued the shares in exchange for cancelling approximately $1,727,152 of indebtedness outstanding under its line of credit with Granite Peak Resources, LLC.

What was the implied conversion price per share in ACRG’s debt-for-equity transaction?

The implied conversion price in the transaction was approximately $1.05 per share, based on the 1,644,906 shares issued for about $1,727,152 of debt.

Was the ACRG share issuance to Granite Peak Resources registered with the SEC?

No. The shares were issued in a transaction exempt from registration under the Securities Act of 1933, relying on Section 4(a)(2) and/or Regulation D, and the shares may not be offered or sold absent registration or an applicable exemption.

What percentage of ACRG’s common stock does Granite Peak Resources beneficially own after this transaction?

Granite Peak Resources, LLC beneficially owns 82.2% of ACRG’s outstanding common stock, according to the disclosure associated with this transaction.

Why is a Form 4 required in connection with ACRG’s share issuance to Granite Peak Resources?

Because Granite Peak Resources, LLC beneficially owns 82.2% of ACRG’s outstanding common stock, it is subject to Section 16(a) reporting and has filed, or will file, a Form 4 reporting the acquisition of the 1,644,906 shares within the applicable reporting period.