Pioneer Custom Electric Products asset purchase
Company: CleanSpark
What the later record shows
Outcome not yet confirmed
No passage says whether the Pioneer Custom Electric Products asset purchase closed by January 16, 2019, or whether the Bank of Montreal liens were released. P10 lists related agreements dated January 22, 2019, which hints at a closing after the deadline, but it never says the purchase closed.
“10.4 Non-Competition and Non-Solicitation Agreement, dated January 22, 2019 8-K 000-53498 10.2 January 24, 2019 10.5 Indemnity Agreement, dated January 22, 2019”
2021-12-13 · CleanSpark 10-K filed 2021-12-14 View cached copy (2026-09-13)Live source ↗
Checked November 8, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
CleanSpark has Asset Purchase Agreement with Pioneer Custom Electric Products with closing deadline January 16, 2019 subject to Bank of Montreal lien release
Source (primary)
CleanSpark 10-K filed 2019-01-15 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “On December 27, 2018, the parties to the Purchase Agreement entered into a letter amendment (the "Amendment") to extend the Termination Date from December 31, 2018 until on or before January 16, 2019.”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The 10-K describes the Pioneer agreement, the extension of the termination date to January 16, 2019, and the added condition that Bank of Montreal release its liens.
Confirmed in the source:
- CleanSpark entered into an Asset Purchase Agreement with Pioneer Custom Electric Products Corp. on May 2, 2018
- A December 27, 2018 amendment extended the Termination Date to on or before January 16, 2019
- CleanSpark's obligation to close is subject to Bank of Montreal releasing its liens on the acquired assets
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000166357719000036/mainbody2.htm) in full (251,181 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 10-K filed 2019-01-15
Quote: “On December 27, 2018, the parties to the Purchase Agreement entered into a letter amendment (the "Amendment") to extend the Termination Date from December 31, 2018 until on or before January 16, 2019.”