Senior Secured Redeemable Convertible Debenture issuance
Company: CleanSpark
What the later record shows
Not a promise: a reported event · happened December 31, 2018
The claim reports issuing a $5,250,000 debenture on December 31, 2018, which later filings confirm. No passage says how the debenture was settled at its December 31, 2020 maturity.
“pursuant to which the Company issued to the Investor a Senior Secured Redeemable Convertible Debenture (the “Debenture”) in the aggregate face value of $ 5,250,000”
2020-12-16 · CleanSpark 10-K filed 2020-12-17 View cached copy (2026-09-13)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
CleanSpark issued a Senior Secured Redeemable Convertible Debenture with face value of $5,250,000, maturity date December 31, 2020, and compounded interest at 7.5% per annum payable in cash or shares
Source (primary)
CleanSpark 8-K filed 2018-12-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company issued to the Investor a Senior Secured Redeemable Convertible Debenture (the "Debenture") in the aggregate face value of $5,250,000. The Debenture has a maturity date two years from the issuance date and the Company has agreed to pay compounded interest on the unpaid principal balance of the Debenture at the rate equal 7.5% per annum.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states the $5,250,000 face value, the 7.5% compounded interest, and a two-year maturity from the December 31, 2018 issuance, which gives December 31, 2020. One nuance: the filing says interest must be paid in cash and may be paid in shares only in certain circumstances.
Confirmed in the source:
- CleanSpark issued a Senior Secured Redeemable Convertible Debenture to an institutional investor
- The Debenture had an aggregate face value of $5,250,000
- The Debenture matures two years from issuance; it was issued and closed on December 31, 2018, so it matures December 31, 2020
- The Debenture bears compounded interest at 7.5% per annum on the unpaid principal
- Interest is payable in cash and, in certain circumstances, may be paid in shares of common stock
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357718000614/mainbody.htm) in full (6,108 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2018-12-31
Quote: “the Company issued to the Investor a Senior Secured Redeemable Convertible Debenture (the "Debenture") in the aggregate face value of $5,250,000. The Debenture has a maturity date two years from the issuance date and the Company has agreed to pay compounded interest on the unpaid principal balance of the Debenture at the rate equal 7.5% per annum.”