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TickerZONE
SectorIndustrial - Pollution & Treatment Controls
Mkt cap$88M
EV / EBITDAN/A
PostureHigh Velocity
Composite56/100
LensTarget-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1956741

Cleancore Solutions, Inc.

ZONEHIGH VELOCITYQUIET

Cleancore Solutions, Inc. reads as High Velocity (composite 56/100); pressure / disclosure signals dominate the posture this cycle · primary market Waste.

Lens

Disclosed M&A capital (2023–2025)

$400K

new

vs N/A in 2020–2022

Disclosed transactions

1

new

1/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

56

/100

High Velocity dominates · Quiet

Financial snapshot
Revenue$3M
EBITDAN/A
Enterprise value$81M
EV / Revenue23.8×
EV / EBITDAN/A
P/EN/A
Cash$5M
Total debtN/A
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

0/100

Companies actively deploying disclosed capital into M&A

  • $400K disclosed buyer spend

Buyer Cadence

0/100

Buyer-side companies with recent filing activity

  • 25 8-Ks

Target Probability

10/100

Issuers showing target-side patterns from filings

  • 2 activism filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

  • 2 activism filings

Pressure Watch

25/100

Issuers facing activism, governance, or control pressure

  • 2 activism filings
  • Latest activism 2y ago; discounted

Distress Watch

9/100

Issuers showing financial-distress filing patterns

  • 2 activism filings

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
56/100

Issuers with the highest filing-activity intensity

  • 25 8-Ks
  • 5 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $82M
  • 10-Q 104d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

No disclosed M&A capital in the 10-year window.

This issuer has not disclosed material acquisition spend or count in the last ten fiscal years.

§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Geographic Expansion
    50%
  • Bolt On
    50%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • geographic_expansion
  • bolt_on
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

we formed CleanCore Global in Ireland and acquired the assets of Sanzonate in the fourth quarter of fiscal 2025

10-KFY2025

We intend to expand our international presence as part of our business strategy

10-KFY2025
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Waste

Market spend (2023–2025)
$24.4B
Market spend (2020–2022)
$21.3B
Recent vs prior
+15%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

N/AEV / EBITDA

ZONE trades at a -16.9-turn discount to the Waste peer median of 14.7×.

EV / Revenue
23.8×
Net debt / EBITDA
N/A
Peer median EV / EBITDA
14.7×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
17.3×5.0×3.3×$9.6B$3.6B
15.7×3.4×2.5×$1.9B$1.5B
14.7×4.3×3.1×$25.4B$8.1B
13.2×2.5×1.9×$6.1B$598M
12.7×3.7×2.8×$16.7B$3.1B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Waste. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Buyer landscape.

Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.

Likely buyers

No public buyers surface as a strong target-side fit on current signal.

Likely sellers / divestiture partners

No reciprocal divestiture / strategic-alternatives matches identified.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)22025-08-22
  • 10-Q (quarterly)62026-02-11
  • 8-K (event)252026-03-20
  • Proxy / DEF 14A22025-10-28
  • Activism (13D / DFAN / PREC)22024-05-17

Signals on file

  • elevated

    Activism on file

    2024-05-17

    2 activist filings on file (13D, DFAN14A, PREC14A series).

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.