Series A Preferred Stock Offering
Company: Marathon Digital
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
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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.”