Bi-Coastal Consulting convertible note amendment
Company: Marathon Digital
The claim, verbatim
Company amended convertible note to reduce conversion price to $0.60 per share with principal balance of $999,105.60
Source (primary)
Marathon Digital S-1/A filed 2020-07-23 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On May 19, 2020, the Company amended its note, originally dated August 31, 2017, with Bi-Coastal Consulting Defined Benefit Plan to reduce the conversion price to $0.60 per share. The current principal balance of the Note was $999,105.60”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The filing states the company amended its note with Bi-Coastal Consulting Defined Benefit Plan to cut the conversion price from $0.80 to $0.60 per share, with a principal balance of $999,105.60.
Confirmed in the source:
- The company amended its convertible note with Bi-Coastal Consulting Defined Benefit Plan
- The amendment reduced the conversion price to $0.60 per share
- The note's principal balance was $999,105.60
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315220013851/foms-1a.htm) in full (262,414 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital S-1/A filed 2020-07-23
Quote: “On May 19, 2020, the Company amended its note, originally dated August 31, 2017, with Bi-Coastal Consulting Defined Benefit Plan to reduce the conversion price to $0.60 per share. The current principal balance of the Note was $999,105.60”