Event of Default trigger delayed until after September 29, 2020
Company: CleanSpark
The claim, verbatim
An Event of Default based on the Company's Common Stock closing price falling to $1.75 per share for 5 consecutive Trading Days will not be triggered until after September 29, 2020
Source (primary)
CleanSpark 8-K filed 2020-05-06 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Company previously amended the Agreements to lower the Closing Price of the Common Stock which may trigger an Event of Default from $5.00 per share under the Agreements down to $1.75 per share for 5 consecutive Trading Days. The Third Amendment further amends this clause in the Agreements to provide that an Event of Default under this provision would not be triggered, if at all, until after September 29, 2020.”
How we checked this
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Additional evidence
confirms CleanSpark 8-K filed 2020-05-06
Quote: “The Company previously amended the Agreements to lower the Closing Price of the Common Stock which may trigger an Event of Default from $5.00 per share under the Agreements down to $1.75 per share for 5 consecutive Trading Days. The Third Amendment further amends this clause in the Agreements to provide that an Event of Default under this provision would not be triggered, if at all, until after September 29, 2020.”