# EDGAR Filing Document

**Accession Number:** 0001956741
**File Stem:** 0000000000-23-002570
**Filing Date:** 2023-3
**Character Count:** 16594
**Document Hash:** eda2d1e35d2ef165545848ff3f7b0a65
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-002570.hdr.sgml**: 20240523

**ACCESSION NUMBER**: 0000000000-23-002570

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230315

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CleanCore Solutions, Inc.
- **CENTRAL INDEX KEY:** 0001956741
- **STANDARD INDUSTRIAL CLASSIFICATION:** REFRIGERATION & SERVICE INDUSTRY MACHINERY [3580]
- **ORGANIZATION NAME:** 06 Technology
- **IRS NUMBER:** 884042082
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 377-06614

**BUSINESS ADDRESS:**
- **STREET 1:** 13714 A STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68144
- **BUSINESS PHONE:** 877-860-3030

**MAIL ADDRESS:**
- **STREET 1:** 13714 A STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68144
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001213900-23-012165

## Text-Extract

```

United States securities and exchange commission logo

                              March 15, 2023

       Matthew Atkinson
       Chief Executive Officer
       CleanCore Solutions, Inc.
       5920 South 118th Circle, Suite 2
       Omaha, NE 68137

                                                        Re: CleanCore
Solutions, Inc.
                                                            Draft Registration
Statement on Form S-1
                                                            Submitted February
15, 2023
                                                            CIK No. 0001956741

       Dear Matthew Atkinson:

              We have reviewed your draft registration statement and have the
following comments. In
       some of our comments, we may ask you to provide us with information so
we may better
       understand your disclosure.

              Please respond to this letter by providing the requested
information and either submitting
       an amended draft registration statement or publicly filing your
registration statement on
       EDGAR. If you do not believe our comments apply to your facts and
circumstances or do not
       believe an amendment is appropriate, please tell us why in your
response.

             After reviewing the information you provide in response to these
comments and your
       amended draft registration statement or filed registration statement, we
may have additional
       comments.

       Draft Registration Statement on Form S-1 submitted February 15, 2023

       Cover Page

   1.                                                   Please revise the cover
page to include the amount of voting power the controlling
                                                        stockholders will own
following the completion of the offering, whether you will be a
                                                        "controlled company"
under exchange listing rules and, if so, whether you intend to rely
                                                        on any exemptions from
the corporate governance requirements that are available to
                                                        controlled companies.

   2.                                                   Revise the cover page
to disclose that, in addition to the 15% over-allotment option, you
                                                        will grant the
representative of the underwriters "warrants to purchase up to a total number
                                                        of shares of class B
common stock equal to 7% of the total number of shares sold in this
 Matthew Atkinson
FirstName
CleanCore LastNameMatthew  Atkinson
           Solutions, Inc.
Comapany
March      NameCleanCore Solutions, Inc.
       15, 2023
March2 15, 2023 Page 2
Page
FirstName LastName
         offering at an exercise price equal to 100% of the initial public
offering price of the shares
         sold in this offering," as disclosed on page 9.
Industry and Market Data, page ii

3.       Investors are entitled to rely on the disclosure you choose to include
in your document.
         Revise to eliminate the inappropriate disclaimers included in the
caveats in this section.
         In addition, please revise to clarify the "same qualifications and
additional uncertainties"
         that you believe apply to forward-looking statements obtained from
third-party sources
         and how investors would identify those statements.
Our Corporate History and Structure, page 2

4.       Revise this section of the summary to address your dual class
structure. In doing so,
         please disclose the following:

                Describe the beneficial ownership and voting power held by the
two Class A
              shareholders after the offering and the percentage of outstanding
shares that they
              must retain to continue to control the outcome of matters
submitted to shareholders
              for approval, including the election of directors, amendments to
the charter or bylaws,
              and approval of major corporate transactions, such as a change in
control, merger,
              consolidation or sale of assets.
                Disclose that the disparate voting rights may have
anti-takeover effects preventing a
              change in control transactions that the Class B shareholders
might otherwise consider
              to be in their best interest.
                Disclose that future issuances of convertible debt or Class A
shares may be dilutive to
              the Class B shareholders.
                Disclose that debt security holders, other lenders, preferred
shareholders, and Class A
              stockholders will be superior to Class B shareholders in the
event of bankruptcy or
              liquidation, as discussed in the risk factor on page 24. Also
address the priorities of
              preferred stock and Class A shareholders with respect to any
dividends or liquidating
              distributions.
                Clarify the "certain exceptions" under which a transfer of
Class A common stock may
              continue to be held as Class A common stock, as indicated on page
8.
                Address the lock-up agreements and their impact, as discussed
in the risk factor on
              page 24.
5.       Revise to clarify your corporate history. Here you state you acquired
the assets of three
         listed entities, but your predecessor is listed as a fourth entity,
CleanCore Technologies,
         LLC, which was wholly-owned by a fifth entity, Center Ridge Holdings
LLC. It is
         unclear whether this description agrees with that in Note 1 on page
F-7, which states that
         "prior to such acquisition, the Company was majority owned by the same
parent company,
         Burlington Solutions, LLC ("Parent")." It is unclear to which
"Company" this sentence
         refers, but it appears to be CleanCore Solutions LLC, which was owned
by Burlington and
         Walker Water. Please clarify and provide a diagram of the structure
before and after your
 Matthew Atkinson
FirstName
CleanCore LastNameMatthew  Atkinson
           Solutions, Inc.
Comapany
March      NameCleanCore Solutions, Inc.
       15, 2023
March3 15, 2023 Page 3
Page
FirstName LastName
         asset acquisition, including ownership percentages and the form of
business organization
         of any entity with an ownership interest.
Impact of the Coronavirus Pandemic, page 5

6.       Please revise this section to reflect the current status of the
pandemic, the negative impact
         it is currently having on your company and the anticipated potential
impact. We note the
         risk factor disclosure on page 6, in the fourth bullet point,
regarding the ongoing negative
         impact of the pandemic.
Our Risks and Challenges, page 6

7.       Please revise the risk factors summary here to clarify how those
listed are unique to your
         company. Also, please revise to highlight the risks related to your
status as a controlled
         company and the imbalance in voting control compared to economic
investment.
8.       Revise the summary risk factors to specifically address the
anti-takover provisions in your
         charter documents and under Nevada law, and provide a cross-reference
to the risk factor
         on pages 25-26.
Risks Related to Our Business and Industry, page 13

9.       Although disclosure of generic risks is discouraged, to the extent any
risk factor including
         in your prospectus could involve any registrant or any offering,
revise this section to
         include all such risk factors at the end, under the caption    General
Risk Factors.    Refer
         to Item 3 of form S-1 and 105(a) of Regulation S-K and Section II.D.
of Release No. 33-
         10825,    Modernization of Regulation S-K Items 101, 103, and 105
(Oct. 8, 2020).
         Otherwise, please revise the risk factors to tailor them to your
business. We note the
         following risk factors as some examples: "We face significant
competition," "Increased
         prices for raw materials could increase our cost of sales . . . ," "If
commodity prices such
         as fuel, plastic and steel increase, our margins may be negatively
impacted," and "Security
         threats, such as ransomware attacks . . .".
Use of Proceeds, page 29

10.      Revise your business section to clarify how the use of proceeds stated
here fits with your
         current business plan. In addition, please revise the use of proceeds
to clarify whether any
         material part of the proceeds is to be used to discharge indebtedness.
If so, please provide
         the disclosure required by Instruction 4 to Item 504 of Regulation
S-K.
Overview, page 41

11.      Revise the graphics on page 42 so the font is large enough and of a
high enough resolution
         to be legible. In the table, revise to provide a date for the cited
study. Below the table,
         revise to remove the seals and trademarks from the government agencies
included under
         the graphics to avoid the implication that your products are endorsed
by those agencies.
         Revise to clarify the meaning of any trademarks you retain and
otherwise explain why you
 Matthew Atkinson
CleanCore Solutions, Inc.
March 15, 2023
Page 4
         have included the graphics. For example, you provided a symbol
representing that your
         product is "Cleanseal Approved," but do not explain it in the text. To
the extent you retain
         the language, clarify what you mean by "recognized" by each of the
EPA, FDA and
         USDA. Finally, please revise to explain the "GRAS" abbreviation.
Customers, page 45

12.      We note your reliance on two customers, Pro-Link and Sanzonate, for
62% of your
         revenue for the year ended June 20, 2022, and that you do not have any
"long-term
         contract" with any customer. Please clarify if you maintain any
contracts with these or
         any major customers on which you depend. Refer to Item 101(h)(4)(vi)
of Regulation S-
         K. To the extent you have any contracts with customers on which you
are substantially
         dependent, revise this section to summarize the material terms of
those contracts, and file
         the contracts as exhibits. Refer to Item 601(b)(10)(ii)(B) of
Regulation S-K.
Intellectual Property, page 47

13.      Please revise your intellectual property disclosure to clearly
describe on an individual or
         patent family basis the type of patent protection granted for each
product, the expiration
         year of each patent held, and the jurisdiction of each patent. Please
clearly distinguish
         between owned patents and patents in-licensed from third parties. In
this regard it may be
         useful to provide tabular disclosure.
Employees, page 48

14.      Clarify if your full-time employees include any of your executive
officers.
Management, page 50

15.      When describing Mr. Adams' experience, please disclose the industry in
which Carson
         Enterprises operates.
Executive Compensation, page 55

16.      In your next filing, provide the information required by Item 402(m)
and the table
         required by Item 402(n) of Regulation S-K for the full fiscal year,
for the covered persons
         who received any compensation during any part of the fiscal year.
Refer to Item
         402(m)(3) of Regulation S-K.
Principal Stockholders, page 59

17.    Please clarify why you have included the Bethor Limited shares that will
convert upon
FirstName LastNameMatthew Atkinson
       completion of the offering as outstanding prior to completion of the
offering. Please
Comapany    NameCleanCore
       revise the summary toSolutions,  Inc.holdings and voting power of Bethor
Limited and its
                              disclose the
March beneficial  owner
       15, 2023 Page  4 in addition to Mr. Adams and Mr. Atkinson.
FirstName LastName
 Matthew Atkinson
FirstName
CleanCore LastNameMatthew  Atkinson
           Solutions, Inc.
Comapany
March      NameCleanCore Solutions, Inc.
       15, 2023
March5 15, 2023 Page 5
Page
FirstName LastName
Financial Statements
Note 2. Revenue Recognition, page F-10

18.      Please tell us your consideration of disclosures related to the
disaggregation of revenue
         required by ASC 606-10-50-5 to 50-7 and information about your
products required by
         ASC 280-10-50-40. We note the disclosures on page 43 about your
products.

Note 4. Fair Value Measurements, page F-11

19.      Please revise to disclose the fair value hierarchy for each of your
assets and liabilities that
         are measured at fair value under ASC 820.

Note 10. Subsequent Events, page F-13

20.
         Please revise to clearly disclose the accounting for the acquisition
of substantially all of
         the assets of CleanCore, TetraClean, and Food Safety by CleanCore
Solutions, Inc. on
         October 17, 2022. Refer to the requirements of ASC 805. In addition,
clarify your
         consideration of Rule 3-05 of Regulation S-X related to these
acquisitions.

21.      Please explain to us why the acquisitions of CleanCore, TetraClean,
and Food Safety by
         CleanCore Solutions, Inc. on October 17, 2022 are reflected in your
financial statements
         at June 30, 2022 and 2021.

General

22.      We note that this offering appears to be a firm commitment
underwritten offering. We
         further note your disclosure that if all the shares are not sold at
the initial offering price,
         the representative may change the offering price and other selling
terms. Please tell us
         how you would inform investors of changes to the offering and the
filings(s) you intend
         on making in such circumstances. As necessary, please also revise your
filing to address
         whether the amount of proceeds from this offering may be impacted.
When available,
         please file the underwriting agreement as an exhibit to your
registration statement for
         review.
23.      Please provide us with supplemental copies of all written
communications, as defined in
         Rule 405 under the Securities Act, that you, or anyone authorized to
do so on your behalf,
         have presented or expect to present to potential investors in reliance
on Section 5(d) of the
         Securities Act, whether or not you retained, or intend to retain,
copies of those
         communications. Please contact the staff member associated with the
review of this filing
         to discuss how to submit the materials, if any, to us for our review.
 Matthew Atkinson
FirstName
CleanCore LastNameMatthew  Atkinson
           Solutions, Inc.
Comapany
March      NameCleanCore Solutions, Inc.
       15, 2023
March6 15, 2023 Page 6
Page
FirstName LastName
       You may contact Jeanne Bennett at (202) 551-3606 or Brian Cascio at
(202) 551-3676 if
you have questions regarding comments on the financial statements and related
matters. Please
contact Abby Adams at (202) 551-6902 or Lauren Nguyen at (202) 551-3642 with
any other
questions.

                                                          Sincerely,

                                                          Division of
Corporation Finance
                                                          Office of Industrial
Applications and
                                                          Services
cc:      Louis A. Bevilacqua, Esq.

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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