ESS Metron acquisition holdback share issuance
Company: Riot
The claim, verbatim
Riot will issue 70,165 shares of common stock 18 months after acquisition closing as holdback consideration
Source (primary)
Riot 8-K filed 2021-12-01 (SEC EDGAR, sec_filing)
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Quote: “The remainder of the Share Consideration, consisting of 70,165 shares of Common Stock (the " Holdback Share Consideration "), was withheld by Riot at the Closing as security for the Sellers' indemnification obligations under the Membership Interest Purchase Agreement, and will be reduced by the value of the amount of applicable indemnifiable damages and issued to the Sellers after the date that is 18 months following the Closing”
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 Riot 8-K filed 2021-12-01
Quote: “The remainder of the Share Consideration, consisting of 70,165 shares of Common Stock (the " Holdback Share Consideration "), was withheld by Riot at the Closing as security for the Sellers' indemnification obligations under the Membership Interest Purchase Agreement, and will be reduced by the value of the amount of applicable indemnifiable damages and issued to the Sellers after the date that is 18 months following the Closing”