CleanSpark to Redeem Warrants
Ticker: CLSKW · Form: 8-K · Filed: Dec 13, 2024 · CIK: 827876
| Field | Detail |
|---|---|
| Company | Cleanspark, Inc. (CLSKW) |
| Form Type | 8-K |
| Filed Date | Dec 13, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $165.24, $550 million, $100 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: warrants, redemption, financing
Related Tickers: CLSK
TL;DR
CLSK is redeeming all warrants at $11.50 on Jan 12. Get ready to cash out or convert!
AI Summary
On December 13, 2024, CleanSpark, Inc. filed an 8-K report detailing the redemption of its outstanding warrants. The company announced that it would redeem all of its issued and outstanding warrants to purchase shares of its common stock at a price of $11.50 per warrant. This redemption is expected to be completed on January 12, 2025.
Why It Matters
This warrant redemption could signal CleanSpark's confidence in its stock price or a move to simplify its capital structure, potentially impacting existing warrant holders.
Risk Assessment
Risk Level: medium — The redemption price of $11.50 per warrant is a specific financial detail that could lead to significant cash outflows or equity dilution depending on warrant holder actions.
Key Numbers
- $11.50 — Warrant Redemption Price (Price per warrant to be redeemed by CleanSpark.)
- January 12, 2025 — Warrant Redemption Date (The date by which CleanSpark expects to complete the redemption of its outstanding warrants.)
Key Players & Entities
- CleanSpark, Inc. (company) — Registrant
- Nevada (jurisdiction) — State of Incorporation
- 001-39187 (commission_file_number) — SEC File Number
- 87-0449945 (irs_number) — IRS Employer Identification No.
- 10624 S. Eastern Ave. Suite A - 638 (address) — Principal Executive Offices
- Henderson (city) — Principal Executive Offices City
- 89052 (zip_code) — Principal Executive Offices Zip
- $11.50 (dollar_amount) — Redemption price per warrant
- January 12, 2025 (date) — Expected completion date of warrant redemption
FAQ
What is the specific event being reported in this 8-K filing?
CleanSpark, Inc. is reporting the redemption of its outstanding warrants to purchase shares of its common stock.
What is the redemption price for each warrant?
The redemption price for each warrant is $11.50.
When is the expected date for the warrant redemption to be completed?
The redemption is expected to be completed on January 12, 2025.
What is the company's principal executive office address?
The company's principal executive office is located at 10624 S. Eastern Ave. Suite A - 638, Henderson, Nevada 89052.
What is the Commission File Number for CleanSpark, Inc.?
The Commission File Number for CleanSpark, Inc. is 001-39187.
Filing Stats: 941 words · 4 min read · ~3 pages · Grade level 12.6 · Accepted 2024-12-13 08:20:25
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share CLSK The Nasdaq Stock Mar
- $165.24 — of common stock at an exercise price of $165.24 per whole share CLSKW The Nasdaq St
- $550 million — the pricing of its private offering of $550 million aggregate principal amount of its 0.00%
- $100 million — s are first issued, up to an additional $100 million aggregate principal amount of the notes
Filing Documents
- clsk-20241212.htm (8-K) — 47KB
- clsk-ex99_1.htm (EX-99.1) — 30KB
- 0000950170-24-136048.txt ( ) — 226KB
- clsk-20241212.xsd (EX-101.SCH) — 44KB
- clsk-20241212_htm.xml (XML) — 6KB
01 Other Events
Item 8.01 Other Events. Convertible Notes Offering. On December 13, 2024, CleanSpark, Inc. (the "Company") issued a press release announcing the pricing of its private offering of $550 million aggregate principal amount of its 0.00% convertible senior notes due 2030 to the initial purchasers for resale in a private offering (the "Offering"). The notes will only be sold to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. The Company also granted to the initial purchasers of the notes an option to purchase, within a thirteen-day period beginning on, and including, the date on which the notes are first issued, up to an additional $100 million aggregate principal amount of the notes. The Offering is expected to close on December 17, 2024, subject to satisfaction of customary closing conditions. A copy of the press release announcing the pricing of the Offering is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information included in this Current Report on Form 8-K is neither an offer to sell nor a solicitation of an offer to buy any securities. Cautionary Note Regarding Forward-Looking Statements.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated December 13, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CLEANSPARK, INC. Date: December 13, 2024 By: /s/ Zachary Bradford Name: Zachary Bradford Title: Chief Executive Officer