MARA Holdings Reports Material Agreement and Equity Sales

Ticker: MARA · Form: 8-K · Filed: 2024-11-21T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, equity-sale, financial-obligation

TL;DR

MARA inked a deal, sold some stock, and has other stuff going on. Details TBD.

AI Summary

On November 20, 2024, MARA Holdings, Inc. entered into a material definitive agreement related to a direct financial obligation. The company also reported on unregistered sales of equity securities and other events. Specific details regarding the financial obligation and equity sales were not fully disclosed in the provided text.

Why It Matters

This filing indicates potential new financial commitments or obligations for MARA Holdings, Inc., alongside the issuance of new equity, which could impact its financial structure and shareholder value.

Risk Assessment

Risk Level: medium — The filing mentions a material definitive agreement and unregistered sales of equity securities, which can introduce financial risks and dilution concerns.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement MARA Holdings, Inc. entered into?

The filing states that MARA Holdings, Inc. entered into a material definitive agreement, but the specific terms and counterparty are not detailed in the provided text.

What type of direct financial obligation or off-balance sheet arrangement is MARA Holdings, Inc. involved in?

The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics of this obligation are not provided.

When did the earliest event reported in this 8-K filing occur?

The earliest event reported in this 8-K filing occurred on November 20, 2024.

What is MARA Holdings, Inc.'s Standard Industrial Classification (SIC) code?

MARA Holdings, Inc.'s Standard Industrial Classification (SIC) code is 6199, which falls under Finance Services.

Has MARA Holdings, Inc. previously operated under different names?

Yes, MARA Holdings, Inc. was formerly known as MARATHON DIGITAL HOLDINGS, INC. (effective March 15, 2021), Marathon Patent Group, Inc. (effective February 22, 2013), and American Strategic Minerals Corp (effective December 13, 2011).

From the Filing

0001493152-24-047078.txt : 20241121 0001493152-24-047078.hdr.sgml : 20241121 20241121081536 ACCESSION NUMBER: 0001493152-24-047078 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20241120 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241121 DATE AS OF CHANGE: 20241121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARA Holdings, Inc. CENTRAL INDEX KEY: 0001507605 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 010949984 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36555 FILM NUMBER: 241482225 BUSINESS ADDRESS: STREET 1: 1180 N. TOWN CENTER DRIVE STREET 2: SUITE 100 CITY: LAS VEGAS STATE: NV ZIP: 89144 BUSINESS PHONE: (800) 804-1690 MAIL ADDRESS: STREET 1: 1180 N. TOWN CENTER DRIVE STREET 2: SUITE 100 CITY: LAS VEGAS STATE: NV ZIP: 89144 FORMER COMPANY: FORMER CONFORMED NAME: MARATHON DIGITAL HOLDINGS, INC. DATE OF NAME CHANGE: 20210315 FORMER COMPANY: FORMER CONFORMED NAME: Marathon Patent Group, Inc. DATE OF NAME CHANGE: 20130222 FORMER COMPANY: FORMER CONFORMED NAME: American Strategic Minerals Corp DATE OF NAME CHANGE: 20111213 8-K 1 form8-k.htm false 0001507605 0001507605 2024-11-20 2024-11-20 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): November 20, 2024     MARA HOLDINGS, INC. (Exact name of Registrant as Specified in Its Charter)     Nevada   001-36555   01-0949984 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   101 NE Third Avenue , Suite 1200 Fort Lauderdale , FL 33301 (Address of principal executive offices and zip code)   (800) 804-1690 (Registrant’s telephone number, including area code)   Not Applicable (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock   MARA   The Nasdaq Capital Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company  ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐             Item 1.01. Entry Into a Mater

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