Use of proceeds from equity offering
Company: CleanSpark
The claim, verbatim
CleanSpark intends to use net proceeds from the stock offering for working capital, sales and marketing team growth, product development and software enhancements, general corporate purposes, and potential strategic acquisitions.
Source (primary)
CleanSpark 424B5 filed 2020-10-06 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
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
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Additional evidence
confirms CleanSpark 424B5 filed 2020-10-06
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,.”