Cleartronic, Inc. Completes Stock Repurchase from Propst Family Trust
$CLRI · Cleartronic, Inc.Research Summary
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Cleartronic, Inc. Completes Stock Repurchase from Propst Family Trust
What Happened
Cleartronic, Inc. (CLRI) announced in an 8-K (Item 1.01) that on August 28, 2026 it closed a stock repurchase agreement to buy 14,640,039 of its common shares from the Propst Family Trust. The company filed the disclosure on September 3, 2026 and attached the Stock Repurchase Agreement as Exhibit 9.01.
Key Details
- Transaction date: August 28, 2026 (closing date)
- Shares repurchased: 14,640,039 common shares
- Counterparty: Propst Family Trust
- Filing: Form 8-K filed September 3, 2026; Stock Repurchase Agreement attached as Exhibit 9.01
Why It Matters
A completed stock repurchase is a material corporate action. Repurchasing 14.64 million shares will reduce the company’s outstanding share count (subject to exact treasury/retirement treatment in the agreement) and can affect per‑share metrics such as earnings per share and ownership percentages. The 8-K does not disclose purchase price or payment terms in the body; investors should review Exhibit 9.01 for the full agreement and any financial details before making investment decisions.