Acquisition of Pioneer Critical Power, Inc.
Company: CleanSpark
The claim, verbatim
On January 22, 2019, CleanSpark acquired Pioneer Critical Power, Inc. (renamed CleanSpark Critical Power Systems Inc.), issuing 1,750,000 shares of common stock, a 5-year warrant to purchase 500,000 shares at $1.60 exercise price, and a 5-year warrant to purchase 500,000 shares at $2.00 exercise price to Pioneer Power Solutions, Inc.
Source (primary)
CleanSpark 10-Q filed 2020-02-10 (SEC EDGAR, sec_filing)
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Quote: “on January 22, 2019 we acquired the outstanding capital stock of Pioneer Critical Power, Inc., a Delaware corporation ("Pioneer"), which we have since renamed and redomiciled to the State of Nevada and changed the name to CleanSpark Critical Power Systems Inc...we issued to its sole shareholder Pioneer Power Solutions, Inc. ("Pioneer Power") a total of 1,750,000 shares of our common stock, a 5-year warrant to purchase 500,000 shares of our common stock at an exercise price of $1.60 per share and a 5-year warrant to purchase 500,000 shares of our common stock at an exercise price of $2.00 per share.”
How we checked this
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Additional evidence
confirms CleanSpark 10-Q filed 2020-02-10
Quote: “on January 22, 2019 we acquired the outstanding capital stock of Pioneer Critical Power, Inc., a Delaware corporation ("Pioneer"), which we have since renamed and redomiciled to the State of Nevada and changed the name to CleanSpark Critical Power Systems Inc...we issued to its sole shareholder Pioneer Power Solutions, Inc. ("Pioneer Power") a total of 1,750,000 shares of our common stock, a 5-year warrant to purchase 500,000 shares of our common stock at an exercise price of $1.60 per share and a 5-year warrant to purchase 500,000 shares of our common stock at an exercise price of $2.00 per share.”