Convertible note amendment reducing conversion price
Company: Marathon Digital
The claim, verbatim
Marathon Patent Group amended its convertible note with Bi-Coastal Consulting Defined Benefit Plan, reducing the conversion price from $0.80 to $0.60 per share, with current principal balance of $999,105.60 and accrued interest of $215,411.30.
Source (primary)
Marathon Digital 8-K filed 2020-05-20 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Marathon Patent Group (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 is $999,105.60 and accrued the interest is $215,411.30.”
How we checked this
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Additional evidence
confirms Marathon Digital 8-K filed 2020-05-20
Quote: “Marathon Patent Group (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 is $999,105.60 and accrued the interest is $215,411.30.”