Pioneer Custom Electric Products Corp asset acquisition with specified consideration
Company: CleanSpark
The claim, verbatim
CleanSpark entered into an asset purchase agreement to acquire business assets from Pioneer Custom Electric Products Corp, with consideration including 7,000,000 shares valued at $5,600,000, two five-year warrants for 1,000,000 shares each at $1.60 and $2.00 exercise prices, an 18-month promissory note, and equipment lease, with expected closing on January 16, 2018
Source (primary)
CleanSpark 424B2 filed 2018-12-31 (SEC EDGAR, sec_filing)
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Quote: “We recently entered into an asset purchase agreement with Pioneer Custom Electric Products Corp., as amended, and will acquire the following assets... we agreed to the following consideration: an 18-month promissory note... 7,000,000 shares of our Common Stock based on an agreed upon value of $0.80 per share, for a total agreed upon value of $5,600,000; a five-year warrant to purchase 1,000,000 shares of our Common Stock at an exercise price of $1.60 per share; and a five-year warrant to purchase 1,000,000 shares of our Common Stock at an exercise price of $2.00 per share... The closing of the transactions contemplated by the Purchase Agreement is currently expected to occur on January 16, 2018”
How we checked this
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Additional evidence
confirms CleanSpark 424B2 filed 2018-12-31
Quote: “We recently entered into an asset purchase agreement with Pioneer Custom Electric Products Corp., as amended, and will acquire the following assets... we agreed to the following consideration: an 18-month promissory note... 7,000,000 shares of our Common Stock based on an agreed upon value of $0.80 per share, for a total agreed upon value of $5,600,000; a five-year warrant to purchase 1,000,000 shares of our Common Stock at an exercise price of $1.60 per share; and a five-year warrant to purchase 1,000,000 shares of our Common Stock at an exercise price of $2.00 per share... The closing of the transactions contemplated by the Purchase Agreement is currently expected to occur on January 16, 2018”