Planned allocation and use of financing proceeds
Company: CleanSpark
The claim, verbatim
CleanSpark plans to use net proceeds for general corporate purposes and repayment of outstanding debt, with the $5,000,000 financing needed for continued software upgrades, commercialization of products and services, marketing and sales, and working capital
Source (primary)
CleanSpark 424B2 filed 2018-12-31 (SEC EDGAR, sec_filing)
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Quote: “We plan to use the net proceeds received in such sale for general corporate purposes and the repayment of certain outstanding debt... this funding is needed for continued upgrades to our software, expand on further commercialization of our products and services, marketing and sales of both sides of our business operations and for working capital”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms CleanSpark 424B2 filed 2018-12-31
Quote: “We plan to use the net proceeds received in such sale for general corporate purposes and the repayment of certain outstanding debt... this funding is needed for continued upgrades to our software, expand on further commercialization of our products and services, marketing and sales of both sides of our business operations and for working capital”