Convertible debt with beneficial conversion feature and warrants
Company: CleanSpark
The claim, verbatim
CleanSpark raised $14,995,000 in convertible debt proceeds (net of issuance costs) during the nine months ended June 30, 2019, including convertible debt with beneficial conversion feature and warrants issued in the quarter ended June 30, 2019.
Source (primary)
CleanSpark 10-Q filed 2019-08-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Proceeds from convertible debt, net of issuance costs 14,995,000”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The cash flow statement reports the $14,995,000 figure. The equity statement and notes show convertible debt with a beneficial conversion feature and warrants in the June 2019 quarter.
Confirmed in the source:
- CleanSpark had $14,995,000 in proceeds from convertible debt, net of issuance costs, in the nine months ended June 30, 2019
- In the quarter ended June 30, 2019, CleanSpark recorded a beneficial conversion feature and issued shares and warrants with convertible debt ($10,000,000 under the April 2019 securities purchase agreement)
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357719000336/cleanspark10q.htm) in full (126,824 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-Q filed 2019-08-14
Quote: “Proceeds from convertible debt, net of issuance costs 14,995,000”