Event of Default trigger delayed until after September 29, 2020
Company: CleanSpark
What the later record shows
Outcome not yet confirmed
No passage addresses the $1.75 closing-price Event of Default provision or its deferral to after September 29, 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
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
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K describes the earlier reduction of the trigger price to $1.75 for 5 consecutive Trading Days and says the Third Amendment delays any such Event of Default until after September 29, 2020.
Confirmed in the source:
- The closing-price Event of Default threshold had previously been lowered from $5.00 to $1.75 per share for 5 consecutive Trading Days
- Under the Third Amendment, an Event of Default under this closing-price provision would not be triggered, if at all, until after September 29, 2020
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357720000113/clsk8k.htm) in full (3,924 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
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.”