ILAL Series B Preferred Stock investment
Company: CleanSpark
The claim, verbatim
Company purchased 1,000 shares of Series B Preferred Stock of ILAL for $500,000; ILAL will issue 350,000 common shares to company as commitment shares
Source (primary)
CleanSpark 10-K filed 2019-12-16 (SEC EDGAR, sec_filing)
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Quote: “Pursuant to the terms of the SPA, ILAL sold, and the Company purchased 1,000 shares of Series B Preferred Stock (the "Preferred Stock") of ILAL for an aggregate purchase price of US $500,000.00 (the "Stock Transaction"), less certain expenses and fees. In connection with the Stock Transaction, ILAL will issue 350,000 shares of its common stock to the Company as commitment shares.”
How we checked this
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Additional evidence
confirms CleanSpark 10-K filed 2019-12-16
Quote: “Pursuant to the terms of the SPA, ILAL sold, and the Company purchased 1,000 shares of Series B Preferred Stock (the "Preferred Stock") of ILAL for an aggregate purchase price of US $500,000.00 (the "Stock Transaction"), less certain expenses and fees. In connection with the Stock Transaction, ILAL will issue 350,000 shares of its common stock to the Company as commitment shares.”