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
Checked on September 23, 2026. The cited source supports every part of this claim.
Marathon's May 2020 8-K states that it amended its note with Bi-Coastal Consulting Defined Benefit Plan to cut the conversion price from $0.80 to $0.60 per share. The filing also gives the principal balance of $999,105.60 and accrued interest of $215,411.30, so every part of the claim is supported.
Confirmed in the source:
- Marathon Patent Group amended its note with Bi-Coastal Consulting Defined Benefit Plan
- The note is convertible (the filing describes conversion of the note to common stock)
- The conversion price was reduced from $0.80 to $0.60 per share
- The note's current principal balance is $999,105.60
- Accrued interest on the note is $215,411.30
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315220009559/form8-k.htm) in full (4,497 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
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.”