Pioneer Critical Power IP and client list acquisition
Company: CleanSpark
The claim, verbatim
CleanSpark acquired intellectual property assets and client lists from Pioneer Critical Power, Inc. on January 22, 2019, issuing 1,750,000 shares of common stock and two 5-year warrants (500,000 shares each at $1.60 and $2.00 exercise prices). Pioneer Critical Power became a wholly owned subsidiary, renamed CleanSpark Critical Power Systems, Inc. on February 1, 2019.
Source (primary)
CleanSpark 10-Q filed 2019-08-14 (SEC EDGAR, sec_filing)
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Quote: “On January 22, 2019, CleanSpark entered into an Agreement with Pioneer Critical Power, Inc., whereby it acquired certain intellectual property assets and clients lists. As consideration the Company issued to its sole shareholder (i) 1,750,000 of the common stock of CleanSpark, (ii) a five-year warrant to purchase 500,000 shares of CleanSpark common stock at an exercise price of $1.60 per share, and (iii) a five-year warrant to purchase 500,000 shares of CleanSpark 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 2019-08-14
Quote: “On January 22, 2019, CleanSpark entered into an Agreement with Pioneer Critical Power, Inc., whereby it acquired certain intellectual property assets and clients lists. As consideration the Company issued to its sole shareholder (i) 1,750,000 of the common stock of CleanSpark, (ii) a five-year warrant to purchase 500,000 shares of CleanSpark common stock at an exercise price of $1.60 per share, and (iii) a five-year warrant to purchase 500,000 shares of CleanSpark common stock at an exercise price of $2.00 per share.”