Contingent earn-out shares for modular data center vacancy
Company: CleanSpark - Project: Sandersville
The claim, verbatim
Up to 1,100,890 earn-out shares valued at $4.5 million will be issued based on modular data centers being vacated, with 100% available if vacated by day 195 after closing and declining thereafter.
Source (primary)
CleanSpark 8-K filed 2022-09-09 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “up to 1,100,890 shares of Company Common Stock (the "Earn-out Shares"... (which have a value of $4.5 million based upon the volume weighted average price of the Common Stock over the five trading days immediately preceding the signing date of the Agreements), based upon the number of modular data centers on the Property occupied by the Property Seller ("Co-location MDCs") being emptied and made available for use by the Property Purchaser, with 100% of the Earn-Out Shares being available with respect to Co-location MDCs that are emptied on or before the 195 th day after the Closing Date”
How we checked this
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Additional evidence
confirms CleanSpark 8-K filed 2022-09-09
Quote: “up to 1,100,890 shares of Company Common Stock (the "Earn-out Shares"... (which have a value of $4.5 million based upon the volume weighted average price of the Common Stock over the five trading days immediately preceding the signing date of the Agreements), based upon the number of modular data centers on the Property occupied by the Property Seller ("Co-location MDCs") being emptied and made available for use by the Property Purchaser, with 100% of the Earn-Out Shares being available with respect to Co-location MDCs that are emptied on or before the 195 th day after the Closing Date”