GridFabric LLC acquisition with contingent earnout
Company: CleanSpark
The claim, verbatim
Acquired GridFabric, LLC for 26,427 shares of common stock and $400,000 in cash. Additional shares valued up to $750,000 will be issuable upon achievement of certain revenue and product release milestones.
Source (primary)
CleanSpark 424B5 filed 2020-10-06 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “As consideration for the transaction, we issued to its members, a total of 26,427 shares of our common stock and paid $400,000 in cash. Additional shares of the Company's common stock, valued at up to $750,000.00, will be issuable to Sellers if GridFabric achieves certain revenue and product release milestones related to the future performance of GridFabric.”
How we checked this
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Additional evidence
confirms CleanSpark 424B5 filed 2020-10-06
Quote: “As consideration for the transaction, we issued to its members, a total of 26,427 shares of our common stock and paid $400,000 in cash. Additional shares of the Company's common stock, valued at up to $750,000.00, will be issuable to Sellers if GridFabric achieves certain revenue and product release milestones related to the future performance of GridFabric.”