Registered direct stock offering
Company: CleanSpark
What the later record shows
Outcome not yet confirmed
No passage mentions the July 2020 registered direct offering or whether it closed on July 22, 2020.
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
CleanSpark entered into a Securities Purchase Agreement to issue 1,230,770 shares of common stock at $3.25 per share for gross proceeds of approximately $4.0 million, expected to close on July 22, 2020
Source (primary)
CleanSpark 8-K filed 2020-07-21 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company agreed to issue and sell, in a registered direct offering (the "Registered Offering"), 1,230,770 shares (the "Shares") of the Company's common stock, par value $0.001 per share (the "Common Stock"), to the Purchaser at an offering price of $ 3.25 per share. The Registered Offering will result in gross proceeds of approximately $4.0 million before deducting offering expenses. The Registered Offering is expected to close on or about July 22, 2020, subject to the satisfaction of customary closing conditions.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states every element of the claim: the purchase agreement, share count, per-share price, approximate gross proceeds, and expected closing date. The filing says closing was expected 'on or about' July 22, 2020, subject to customary conditions, which the claim slightly simplifies.
Confirmed in the source:
- CleanSpark entered into a Securities Purchase Agreement (dated July 20, 2020, with an existing accredited investor)
- The agreement covers issuance of 1,230,770 shares of common stock
- The offering price is $3.25 per share
- Gross proceeds are approximately $4.0 million before offering expenses
- The offering was expected to close on or about July 22, 2020, subject to customary closing conditions
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357720000223/clsk8k.htm) in full (4,898 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2020-07-21
Quote: “the Company agreed to issue and sell, in a registered direct offering (the "Registered Offering"), 1,230,770 shares (the "Shares") of the Company's common stock, par value $0.001 per share (the "Common Stock"), to the Purchaser at an offering price of $ 3.25 per share. The Registered Offering will result in gross proceeds of approximately $4.0 million before deducting offering expenses. The Registered Offering is expected to close on or about July 22, 2020, subject to the satisfaction of customary closing conditions.”