Planned use of net proceeds from stock offering
Company: CleanSpark
The claim, verbatim
Net proceeds will be used for working capital requirements, growth of sales and marketing team, product development including software enhancements, general corporate purposes, and strategic mergers and acquisitions (with no present commitments or agreements for M&A).
Source (primary)
CleanSpark 424B5 filed 2020-10-09 (SEC EDGAR, sec_filing)
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Quote: “We expect to use the net proceeds from the Offering for working capital requirements, the growth of our sales and marketing team, product development including software enhancements and improvements, general corporate purposes and strategic mergers and acquisitions, although we have no present commitments or agreements to enter into any such mergers or acquisitions”
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 CleanSpark 424B5 filed 2020-10-09
Quote: “We expect to use the net proceeds from the Offering for working capital requirements, the growth of our sales and marketing team, product development including software enhancements and improvements, general corporate purposes and strategic mergers and acquisitions, although we have no present commitments or agreements to enter into any such mergers or acquisitions”