Event of Default trigger deferred
Company: CleanSpark
What the later record shows
Outcome not yet confirmed
No passage addresses whether the Event of Default under the Investor agreement was deferred or triggered. P21 is generic indenture language unrelated to this note.
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 would not be triggered until after June 11, 2020
Source (primary)
CleanSpark 8-K filed 2020-03-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “an Event of Default under this provision would not be triggered, if at all, until after June 11, 2020”
How we checked this
Checked on October 11, 2026. The cited source supports part of this claim, but not all of it.
The filing defers only the Event of Default based on the stock's closing price until after June 11, 2020. The claim's unqualified wording suggests that all Events of Default were deferred, which the document does not say.
Confirmed in the source:
- Under CleanSpark's Second Amendment, an Event of Default tied to the Common Stock closing below $1.75 per share for 5 consecutive Trading Days would not be triggered until after June 11, 2020
We could not confirm this from the cited source:
- That no Event of Default of any kind could be triggered until after June 11, 2020; the filing defers only the closing-price default provision
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357720000064/clsk8k.htm) in full (5,000 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2020-03-16
Quote: “an Event of Default under this provision would not be triggered, if at all, until after June 11, 2020”