Cleartronic Retires 14.6M Shares in $207.5K Buyback from Propst Family Trust
CLRI has more than doubled off its 52-week low of $0.001.
Summary
Cleartronic repurchased 14.64 million shares from the Propst Family Trust for $207,500, retiring them to authorized-but-unissued status and settling all claims between the parties.
Key Events · Financing and Capital Events · CLRI
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14.6M Share Buyback from Propst Family Trust
Cleartronic closed a stock repurchase agreement on August 28, 2026, acquiring 14,640,039 common shares from the Propst Family Trust for $207,500 total.
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Shares Retired, Not Held as Treasury
The repurchased shares will be cancelled and retired, restored to authorized-but-unissued status, reducing the outstanding share count and increasing per-share metrics.
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Full Mutual Release of Claims
The agreement includes a comprehensive mutual release of all known and unknown claims between Cleartronic and the Propsts/Trust, with no admission of liability.
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Propsts Exit Entire Position
The Propsts and Trust represent they will hold no equity interest in CLRI after closing, ending a 15-year shareholding relationship.
Analysis · CLRI · Technology
Cleartronic is buying back and retiring 14.64 million shares from the Propst Family Trust for $207,500 — roughly $0.0142 per share. The shares will be cancelled and restored to authorized-but-unissued status, reducing the outstanding count and boosting per-share metrics. The deal also includes a full mutual release of claims, suggesting it resolves a long-standing dispute with the founding family. For a micro-cap with a $1.35M market cap, retiring this many shares is a meaningful capital-structure event.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 29.9% of the 1988 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CLRI was trading at $0.01 on OTC in the Technology sector, with a market capitalization of approximately $1.4M. The 52-week trading range was $0.00 to $0.07. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.