Pioneer Critical Power Inc. acquisition for switchgear business
Company: CleanSpark
The claim, verbatim
On January 22, 2019, acquired Pioneer Critical Power, Inc. for 175,000 shares of common stock and two five-year warrants (50,000 shares at $16.00/share and 50,000 shares at $20.00/share).
Source (primary)
CleanSpark 424B5 filed 2020-10-06 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “on January 22, 2019, we acquired the outstanding capital stock of Pioneer Critical Power, Inc., a Delaware corporation ("Pioneer")... we issued to its sole shareholder Pioneer Power Solutions, Inc. ("Pioneer Power") a total of 175,000 shares of our common stock, a 5-year warrant to purchase 50,000 shares of our common stock at an exercise price of $16.00 per share and a 5-year warrant to purchase 50,000 shares of our common stock at an exercise price of $20.00 per share.”
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 2020-10-06
Quote: “on January 22, 2019, we acquired the outstanding capital stock of Pioneer Critical Power, Inc., a Delaware corporation ("Pioneer")... we issued to its sole shareholder Pioneer Power Solutions, Inc. ("Pioneer Power") a total of 175,000 shares of our common stock, a 5-year warrant to purchase 50,000 shares of our common stock at an exercise price of $16.00 per share and a 5-year warrant to purchase 50,000 shares of our common stock at an exercise price of $20.00 per share.”