Waiver of share transfer restrictions for pledging
Company: Cipher Mining
The claim, verbatim
Cipher Mining waived restrictions on transfer of shares held by certain stockholders, allowing them to pledge up to 100% of their Lock-up Shares as collateral for loans with a maximum 25% loan-to-value ratio
Source (primary)
Cipher Mining 8-K filed 2022-04-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Waiver Agreement permits each Stockholder to pledge or otherwise hypothecate up to one hundred percent (100%) of the Lock-up Shares held by such Stockholder as of the date of the Waiver Agreement as collateral or security in connection with any loan meeting certain criteria and have an initial 25% maximum loan-to-value ratio.”
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 Cipher Mining 8-K filed 2022-04-14
Quote: “The Waiver Agreement permits each Stockholder to pledge or otherwise hypothecate up to one hundred percent (100%) of the Lock-up Shares held by such Stockholder as of the date of the Waiver Agreement as collateral or security in connection with any loan meeting certain criteria and have an initial 25% maximum loan-to-value ratio.”