Prepayment penalty on convertible note
Company: CleanSpark
What the later record shows
Outcome not yet confirmed
This is a conditional term of a convertible note, not a promise. No passage says when or whether the note was prepaid or the $25,000 penalty paid.
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
If note is prepaid after September 24, 2018, an additional $25,000 penalty is required
Source (primary)
CleanSpark 8-K filed 2018-09-11 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “If we pay after September 24, 2018, we must pay an additional $25,000.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states that if the company pays after September 24, 2018, it must pay an additional $25,000. Calling that amount a penalty is a fair description.
Confirmed in the source:
- If CleanSpark prepays the note after September 24, 2018, it must pay an additional $25,000
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357718000416/mainbody.htm) in full (5,488 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2018-09-11
Quote: “If we pay after September 24, 2018, we must pay an additional $25,000.”