Event of Default trigger adjustment
Company: CleanSpark
The claim, verbatim
Event of Default trigger reduced from $5.00 per share to $1.75 per share for 5 consecutive trading days
Source (primary)
CleanSpark 8-K filed 2020-03-10 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Closing Price of the Common Stock which may trigger an Event of Default was lowered from $5.00 per share under the Agreements down to $1.75 per share for 5 consecutive Trading Days”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The filing states that the Event of Default closing-price trigger was lowered from $5.00 to $1.75 per share for 5 consecutive trading days.
Confirmed in the source:
- The Closing Price that may trigger an Event of Default was lowered from $5.00 per share
- The new trigger is $1.75 per share for 5 consecutive Trading Days
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357720000062/clsk8k.htm) in full (5,896 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2020-03-10
Quote: “the Closing Price of the Common Stock which may trigger an Event of Default was lowered from $5.00 per share under the Agreements down to $1.75 per share for 5 consecutive Trading Days”