Conditional common stock issuance to EMA Financial
Company: CleanSpark
The claim, verbatim
CleanSpark issued 137,500 shares of common stock to EMA Financial, returnable if the company prepays the note.
Source (primary)
CleanSpark 8-K/A filed 2018-09-25 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “another 137,500 shares of common stock that is returnable to us if we prepay the loan”
How we checked this
Checked on September 23, 2026. The cited source supports part of this claim, but not all of it.
The filing says the agreement required issuing 137,500 shares that are returnable if CleanSpark prepays the note. It does not state that the shares were actually issued.
Confirmed in the source:
- The Securities Purchase Agreement required CleanSpark to issue an additional 137,500 shares of common stock to EMA Financial
- Those 137,500 shares are returnable to CleanSpark if it prepays the loan
We could not confirm this from the cited source:
- CleanSpark actually issued the 137,500 shares to EMA Financial
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/827876/000166357718000437/mainbody.htm) in full (4,827 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K/A filed 2018-09-25
Quote: “another 137,500 shares of common stock that is returnable to us if we prepay the loan”