Granite Peak Resources converts $1.7M debt into ACRG (ACRG) common stock

Rhea-AI Filing Summary

American Clean Resources Group, Inc. disclosed that Granite Peak Resources, LLC, a more than 10% shareholder and secured debtholder, acquired 1,644,906 shares of common stock on 12/31/2025. The shares were issued in exchange for cancelling approximately $1,727,152 of indebtedness outstanding under a line of credit, at an implied conversion price of about $1.05 per share. Following this debt-for-equity transaction, Granite Peak Resources, LLC beneficially owned 11,676,572 shares of common stock directly.

Insights

Equity & Capital Structure Analyst

Largest creditor converts about $1.7M of debt into 1.64M ACRG shares.

The filing shows Granite Peak Resources, LLC, described as the issuer's largest shareholder and secured debtholder, receiving $1,727,152 worth of common stock in exchange for cancelling debt under a line of credit. The company issued 1,644,906 common shares at an implied conversion price of about $1.05 per share, with the table listing the transaction price per share as $0.00 because it was a conversion rather than a cash purchase.

After this transaction on December 31, 2025, Granite Peak Resources, LLC held 11,676,572 shares beneficially and directly. This shifts value from a secured debt claim into equity exposure for the creditor, which can affect leverage and priority of claims, though the broader balance-sheet impact depends on the company's overall size and capital structure not shown in this excerpt.

Future company filings that provide full financial statements and share counts for periods including and after December 31, 2025 will give more clarity on how significant this debt-for-equity move is relative to total debt and equity.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Granite Peak Resources, LLC

(Last) (First) (Middle)

1603 CAPITAL STREET

SUITE 301 A541

(Street)

CHEYENNE WY 92001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
American Clean Resources Group, Inc. [ ACRG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/31/2025		C		1,644,906(1)	A	$0.00	11,676,572	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Granite Peak Resources, LLC ("GPR") is the Issuer's largest shareholder and secured debtholder. The Shares were issued in exchange for the cancellation of approximately $1,727,152 of indebtedness outstanding under the line of credit ("LOC"). The implied conversion price was approximately $1.05 per share.

	/s/ Frank Borger Gilligan, attorney-in-fact	01/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

Who is the insider in this American Clean Resources Group (ACRG) Form 4?

The reporting person is Granite Peak Resources, LLC, identified as a more than 10% owner of American Clean Resources Group, Inc. and described as the issuer's largest shareholder and secured debtholder.

What transaction did Granite Peak Resources, LLC report in ACRG stock?

Granite Peak Resources, LLC reported acquiring 1,644,906 shares of American Clean Resources Group, Inc. common stock on December 31, 2025, coded as a conversion transaction.

What was the consideration for the 1,644,906 ACRG shares issued to Granite Peak Resources, LLC?

The shares were issued in exchange for the cancellation of approximately $1,727,152 of indebtedness outstanding under a line of credit, with an implied conversion price of about $1.05 per share.

How many ACRG shares does Granite Peak Resources, LLC own after this Form 4 transaction?

Following the reported transaction, Granite Peak Resources, LLC beneficially owned 11,676,572 shares of American Clean Resources Group, Inc. common stock, held directly.

Was this ACRG Form 4 transaction a cash purchase of shares?

No. The table shows a transaction price per share of $0.00 because the shares were issued in a debt-for-equity exchange, cancelling approximately $1,727,152 of line-of-credit indebtedness rather than involving new cash paid for the stock.

What does the implied conversion price mean in this ACRG insider transaction?

The footnote explains that issuing 1,644,906 shares to cancel about $1,727,152 of debt results in an implied conversion price of approximately $1.05 per share, indicating the effective value per share used for the debt conversion.