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Pioneer Critical Power acquisition

Company: CleanSpark

Subject kind
acquisition
Statement date
2020-08-03
Promised amount
175000.0 shares
Current status
stated

The claim, verbatim

Acquired Pioneer Critical Power, Inc. for 175,000 shares of common stock and two five-year warrants (50,000 shares @ $16.00/share and 50,000 shares @ $20.00/share)

Source (primary)

CleanSpark 10-Q filed 2020-08-04 (SEC EDGAR, sec_filing)
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Quote: “on January 22, 2019, we acquired the outstanding capital stock of Pioneer Critical Power, Inc., a Delaware corporation... we issued to its sole shareholder Pioneer Power Solutions, Inc. 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 10-Q filed 2020-08-04

Quote: “on January 22, 2019, we acquired the outstanding capital stock of Pioneer Critical Power, Inc., a Delaware corporation... we issued to its sole shareholder Pioneer Power Solutions, Inc. 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”

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