Series A Preferred Stock Private Placement
Company: Marathon Digital
What the later record shows
Not a promise: a reported event · happened June 5, 2023
The claim reports a purchase agreement already signed on June 5, 2023. A later filing confirms both the agreement and the June 8 closing.
“On June 5, 2023, the Company entered into a securities purchase agreement for the offering of 15,000 shares of the Company’s Series A redeemable convertible preferred stock.”
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
Marathon Digital entered into a securities purchase agreement on June 5, 2023, for 15,000 shares of Series A redeemable convertible preferred stock in a private placement, with total gross proceeds of approximately $14.25 million.
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.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K establishes the date, share count, security type, private-placement structure, and approximate $14.25 million gross proceeds. The filing gives the proceeds figure as an expected amount.
Confirmed in the source:
- Marathon Digital Holdings entered into a securities purchase agreement on June 5, 2023
- The agreement covered 15,000 shares of Series A redeemable convertible preferred stock
- The shares were sold in a private placement
- Total gross proceeds were expected to be approximately $14.25 million, before placement agent fees and other offering expenses
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.”