Asset Purchase Agreement termination date extended
Company: CleanSpark
What the later record shows
Outcome not yet confirmed
No passage addresses the Pioneer closing, the Bank of Montreal lien release, or the January 16, 2019 deadline.
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 extended the closing deadline for its Asset Purchase Agreement with Pioneer Custom Electric Products Corp. (Delaware) to on or before January 16, 2019, contingent on Bank of Montreal releasing liens on the acquired assets.
Source (primary)
CleanSpark 8-K filed 2018-12-28 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “extend the Termination Date as set forth in Section 8.1(d) of the Purchase Agreement from December 31, 2018 until on or before January 16, 2019”
How we checked this
Checked on October 11, 2026. The cited source supports part of this claim, but not all of it.
The filing confirms the agreement, the seller, the extension to January 16, 2019, and a new Bank of Montreal lien-release condition. However, that condition applies to CleanSpark's obligation to close the deal, not to the extension itself, so the claim misstates what was contingent.
Confirmed in the source:
- CleanSpark had an Asset Purchase Agreement with Pioneer Custom Electric Products Corp., a Delaware corporation, as seller
- On December 27, 2018, the parties amended the agreement to extend the Termination Date from December 31, 2018 to on or before January 16, 2019
- Under the amendment, CleanSpark's obligation to complete the transaction is conditioned on Bank of Montreal releasing any liens it holds on the acquired assets
We could not confirm this from the cited source:
- The extension of the deadline itself was contingent on Bank of Montreal releasing its liens
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357718000598/mainbody.htm) in full (3,810 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2018-12-28
Quote: “extend the Termination Date as set forth in Section 8.1(d) of the Purchase Agreement from December 31, 2018 until on or before January 16, 2019”