Senior Secured Convertible Promissory Notes Issuance
Company: Riot
The claim, verbatim
Company issued $3,358,333 in senior secured convertible promissory notes to three investors ($3,000,000 net investment), with proceeds for near-term working capital and general corporate purposes
Source (primary)
Riot 424B5 filed 2019-05-24 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “subsequent to December 31, 2018, we issued a series of Senior Secured Convertible Promissory Notes totaling $3,358,333, to three investors. These notes and an equivalent number of warrants were issued for a net investment amount of $3,000,000. Proceeds from these notes are being used for near-term working capital and general corporate purposes.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The going-concern risk factor states the note amount, the three investors, the $3,000,000 net investment, and the use of proceeds.
Confirmed in the source:
- After December 31, 2018, Riot Blockchain issued Senior Secured Convertible Promissory Notes totaling $3,358,333
- The notes were issued to three investors
- The notes, with an equivalent number of warrants, were issued for a net investment of $3,000,000
- Proceeds from the notes are being used for near-term working capital and general corporate purposes
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000107997319000328/riot_424b5-226111.htm) in full (299,646 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 424B5 filed 2019-05-24
Quote: “subsequent to December 31, 2018, we issued a series of Senior Secured Convertible Promissory Notes totaling $3,358,333, to three investors. These notes and an equivalent number of warrants were issued for a net investment amount of $3,000,000. Proceeds from these notes are being used for near-term working capital and general corporate purposes.”