FINRA reverse stock split approval
Company: CleanSpark
What the later record shows
Not a promise: a reported event · happened December 10, 2019
The claim, made in May 2020, reports a FINRA approval that had already occurred on December 10, 2019. P4 restates that approval.
“On December 10, 2019, Financial Industry Regulatory Authority (“FINRA”) approved the 1:10 reverse stock split of the Company’s common stock.”
2021-12-13 · CleanSpark 10-K filed 2021-12-14 View cached copy (2026-09-13)Live source ↗
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
FINRA approved a 1:10 reverse stock split of the Company's common stock, effective December 11, 2019.
Source (primary)
CleanSpark 10-Q filed 2020-05-11 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On December 10, 2019, the Financial Industry Regulatory Authority ("FINRA") approved the 1:10 reverse stock split of the Company's common stock. The reverse stock split took effect on December 11, 2019.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states that FINRA approved the 1:10 reverse split on December 10, 2019 and that it took effect on December 11, 2019.
Confirmed in the source:
- FINRA approved a 1:10 reverse stock split of CleanSpark's common stock.
- The reverse stock split took effect on December 11, 2019.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357720000136/clsk10q.htm) in full (142,593 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-Q filed 2020-05-11
Quote: “On December 10, 2019, the Financial Industry Regulatory Authority ("FINRA") approved the 1:10 reverse stock split of the Company's common stock. The reverse stock split took effect on December 11, 2019.”