Underwriting agreement with H.C. Wainwright for equity offering
Company: Marathon Digital
What the later record shows
Not a promise: a reported event · happened July 28, 2020
The claim, made August 13, 2020, reports an offering that had already closed on July 28, 2020. Later filings confirm the close date and proceeds.
“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.”
2021-05-11 · Marathon Digital 10-Q/A filed 2021-05-12 View cached copy (2026-09-13)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
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)
View cached copy (2026-09-13)Live source ↗
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.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The subsequent-events and liquidity sections give every date, share count, price and proceeds figure in the claim.
Confirmed in the source:
- On July 23, 2020, the company entered into an underwriting agreement with H.C. Wainwright
- The company agreed to sell 7,666,666 shares of common stock, including 999,999 option shares, to the underwriter
- The public offering price was $0.90 per share
- The offering closed on July 28, 2020
- Gross proceeds were approximately $6.9 million
- Net proceeds were $6.3 million after $0.6 million of underwriting discount and expenses
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315220015625/form10-q.htm) in full (72,013 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
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.”