Convertible promissory note from EMA Financial
Company: CleanSpark
The claim, verbatim
On August 21, 2018, CleanSpark issued a convertible promissory note to EMA Financial, LLC in the principal amount of $225,000, due May 21, 2019, bearing interest at 12% per annum, convertible into common stock at 70% of the lowest trading price in the prior 20-day period.
Source (primary)
CleanSpark 8-K/A filed 2018-09-25 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On August 21, 2018 we entered into a Securities Purchase Agreement ("SPA") with EMA Financial, LLC, a Delaware limited liability company ("Purchaser"), pursuant to which we issued and sold to the Purchaser a convertible promissory note, dated August 21, 2018 in the principal amount of $225,000 (the "Note"). The Note, which is due on May 21, 2019, bears interest at the rate of 12% per annum.”
How we checked this
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Additional evidence
confirms CleanSpark 8-K/A filed 2018-09-25
Quote: “On August 21, 2018 we entered into a Securities Purchase Agreement ("SPA") with EMA Financial, LLC, a Delaware limited liability company ("Purchaser"), pursuant to which we issued and sold to the Purchaser a convertible promissory note, dated August 21, 2018 in the principal amount of $225,000 (the "Note"). The Note, which is due on May 21, 2019, bears interest at the rate of 12% per annum.”