Underwriting agreement with H.C. Wainwright for equity offering
Company: Marathon Digital
The claim, verbatim
On July 23, 2020, entered into underwriting agreement with H.C. Wainwright to sell 7,666,666 shares at $0.90 per share, with offering closed July 28, 2020 for gross proceeds of approximately $6.9 million and net proceeds of $6.3 million
Source (primary)
Marathon Digital 10-Q filed 2020-08-14 (SEC EDGAR, sec_filing)
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Quote: “On July 23, 2020, the Company entered into an underwriting agreement with H.C. Wainwright. The Company agree to sell H.C. Wainwright (the "Underwriter") 7,666,666 shares of its common stock, including the exercise in full by the Underwriter of the option to purchase an additional 999,999 shares of common stock, at a public offering price of $0.90 per share. The gross proceeds of this offering, which closed on July 28, 2020, were approximately $6.9 million, and proceeds, net of underwriting discount and expenses of $0.6 million, were $6.3 million.”
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Additional evidence
confirms Marathon Digital 10-Q filed 2020-08-14
Quote: “On July 23, 2020, the Company entered into an underwriting agreement with H.C. Wainwright. The Company agree to sell H.C. Wainwright (the "Underwriter") 7,666,666 shares of its common stock, including the exercise in full by the Underwriter of the option to purchase an additional 999,999 shares of common stock, at a public offering price of $0.90 per share. The gross proceeds of this offering, which closed on July 28, 2020, were approximately $6.9 million, and proceeds, net of underwriting discount and expenses of $0.6 million, were $6.3 million.”