Zone Frontier Inc. filed a Form 8-K on October 29, 2026, disclosing a 1-for-60 reverse stock split effective that evening and the October 23, 2026 departures of its President and Chief Revenue Officer following the sale of its legacy cleaning products business.

Key Highlights

  • Reverse stock split: A 1-for-60 reverse split of common stock (par value $0.0001 per share) becomes effective at 9:01 p.m. Pacific Time on October 29, 2026.
  • Authorized shares reduced: Common stock authorized shares decrease from 6,942,000,000 to 115,700,000; "blank check" preferred stock authorized shares decrease from 50,000,000 to 833,334.
  • Travis Buchanan severance: The former President receives a lump sum cash severance of $150,000 plus $2,519 for accrued unused paid time off, with a 12-month post-Closing non-compete condition tied to the Buyer.
  • Gary Hollst severance: The former Chief Revenue Officer receives a lump sum cash severance of $125,000, equal to 12 months of base salary, plus approximately $7,634 for accrued unused paid time off, with no restriction on working for the Buyer.
  • Roles eliminated: According to the filing, both the President and Chief Revenue Officer roles "related solely to the Cleaning Products Business" and "neither of which had responsibility for the Company's data center development business."
  • No disagreement cited: The filing states neither departure "was the result of any disagreement with the Company on any matter relating to its operations, policies or practices."

Zone Frontier Executes Reverse Split and Separates Two Executives After Asset Sale

Zone Frontier Inc. (NYSE American:ZONE), formerly known as CleanCore Solutions, Inc., disclosed in its Form 8-K filed October 29, 2026, that it effected a 1-for-60 reverse stock split of its common stock by filing a Certificate of Change under Section 78.209 of the Nevada Revised Statutes with the Nevada Secretary of State on October 23, 2026. At the Effective Time of 9:01 p.m. Pacific Time on October 29, 2026, every 60 shares of issued and outstanding common stock will automatically combine into one share. The par value of $0.0001 per share remains unchanged. The filing noted that stockholder approval was not required because the authorized shares of each affected class are being decreased proportionately.

The executive departures stem from the October 7, 2026 closing of the sale of substantially all assets of the company's legacy aqueous ozone cleaning products business to Sanzonate Holdings LLC. Effective October 23, 2026, the employment of Travis Buchanan, President, and Gary Hollst, Chief Revenue Officer, terminated without cause and both resigned from all officer, director, and committee positions. Under the Buchanan Severance and Release Agreement, Mr. Buchanan's $150,000 lump sum severance is subject to forfeiture and repayment if he becomes employed by or provides services to the Buyer or its affiliates during the 12-month period following the Closing, though passive equity ownership not conditioned on services does not trigger forfeiture. The Company also agreed to maintain Mr. Buchanan as an insured under its directors' and officers' liability insurance for six years following the separation date.

Under the Hollst Severance and Release Agreement, Mr. Hollst's $125,000 lump sum is paid in lieu of monthly installments otherwise provided under his employment agreement. His severance is subject to forfeiture only upon a material breach of his confidentiality, non-disparagement, or return-of-property covenants, as determined by a final, non-appealable judgment. The filing also notes that Mr. Hollst's release does not extend to claims under certain agreements between Mr. Hollst and Clayton Adams, a director of the company, including a Side Letter dated January 21, 2026 and a related make-whole note, or under a Share Surrender Agreement dated December 31, 2025.

What Was Disclosed

Zone Frontier disclosed a 1-for-60 reverse stock split effective October 29, 2026, a corresponding reduction in authorized shares, and severance agreements for departing President Travis Buchanan ($150,000) and Chief Revenue Officer Gary Hollst ($125,000) following the sale of the cleaning products business.