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Series A Preferred Stock Conversion Price

Company: Marathon Digital

Subject kind
financing
Statement date
2023-06-08
Promised amount
14.52 USD
Current status
stated

The claim, verbatim

Each share of Series A preferred stock is convertible into common stock at $14.52 per share at the option of the holder following receipt of stockholder approval for authorized share increase

Source (primary)

Marathon Digital 8-K filed 2023-06-09 (SEC EDGAR, sec_filing)
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Quote: “Each share of Series A preferred stock is convertible into shares of the Company's common stock at an initial conversion price of $14.52 per share, at the option of the holder, at any time following the Company's receipt of stockholder approval for an increase in its authorized shares of common stock.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Marathon Digital 8-K filed 2023-06-09

Quote: “Each share of Series A preferred stock is convertible into shares of the Company's common stock at an initial conversion price of $14.52 per share, at the option of the holder, at any time following the Company's receipt of stockholder approval for an increase in its authorized shares of common stock.”

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