Series A Preferred Stock Offering
Company: Marathon Digital
What the later record shows
Delivered on time · happened June 8, 2023
The 10-K/A states that the offering closed on June 8, 2023. The 15,000 Series A shares were issued for $14.3M gross.
“On June 8, 2023, upon closing of the offering, the Company issued 15,000 shares of Series A Preferred Stock for total gross proceeds of $ 14.3 million”
2024-05-23 · Marathon Digital 10-K/A filed 2024-05-24 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
On June 5, 2023, entered into securities purchase agreement for 15,000 shares of Series A redeemable convertible preferred stock with gross proceeds of approximately $14.25 million, expected to close on or about June 8, 2023
Source (primary)
Marathon Digital 8-K filed 2023-06-09 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On June 5, 2023, Marathon Digital Holdings, Inc. (the "Company") entered into a securities purchase agreement for the purchase of 15,000 shares of Series A redeemable convertible preferred stock in a private placement... Total gross proceeds from the offering, before deducting the placement agent's fees and other estimated offering expenses, is expected to be approximately $14.25 million... The closing of the offering is expected to occur on or about June 8, 2023, subject to the satisfaction of customary closing conditions.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states the June 5, 2023 agreement for 15,000 Series A preferred shares, expected gross proceeds of about $14.25 million, and an expected closing on or about June 8, 2023. The filing presents the proceeds figure as an expectation, not a final amount.
Confirmed in the source:
- On June 5, 2023, Marathon Digital Holdings entered into a securities purchase agreement
- The agreement covered 15,000 shares of Series A redeemable convertible preferred stock
- Gross proceeds from the offering were expected to be approximately $14.25 million, before placement agent fees and other offering expenses
- The offering was expected to close on or about June 8, 2023
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315223020772/form8-k.htm) in full (9,587 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 8-K filed 2023-06-09
Quote: “On June 5, 2023, Marathon Digital Holdings, Inc. (the "Company") entered into a securities purchase agreement for the purchase of 15,000 shares of Series A redeemable convertible preferred stock in a private placement... Total gross proceeds from the offering, before deducting the placement agent's fees and other estimated offering expenses, is expected to be approximately $14.25 million... The closing of the offering is expected to occur on or about June 8, 2023, subject to the satisfaction of customary closing conditions.”
confirms Marathon Digital 10-K/A filed 2024-05-24
Quote: “On June 8, 2023, upon closing of the offering, the Company issued 15,000 shares of Series A Preferred Stock for total gross proceeds of $ 14.3 million”