Asset and IP purchase from Petersen Incorporated for gasifier development
Company: CleanSpark
The claim, verbatim
Acquired intellectual property rights to patents #8,105,401 and #8,518,133, and a 32-inch Downdraft Gasifier. Issued 715,320 shares of common stock and assumed $156,900 in liabilities.
Source (primary)
CleanSpark 10-K filed 2015-12-29 (SEC EDGAR, sec_filing)
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Quote: “On March 25, 2014, we entered into an Asset and Intellectual Property Purchase Agreement ('Purchase Agreement') pursuant to which we acquired: (i) all Intellectual Property rights, title and interest in Patent # 8,105,401 'Parallel Path, Downdraft Gasifier Apparatus and Method' (ii) all Intellectual Property rights, title and interest in Patent # 8,518,133 'Parallel Path, Downdraft Gasifier Apparatus and Method' and (iii) all of the Property rights, title and interest in a 32 inch Downdraft Gasifier ('Gasifier'). Pursuant to the Purchase Agreement, we agreed to issue 715,320 shares of $0.001 par value common stock and assume of $156,900 in liabilities to Petersen Incorporated”
How we checked this
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Additional evidence
confirms CleanSpark 10-K filed 2015-12-29
Quote: “On March 25, 2014, we entered into an Asset and Intellectual Property Purchase Agreement ('Purchase Agreement') pursuant to which we acquired: (i) all Intellectual Property rights, title and interest in Patent # 8,105,401 'Parallel Path, Downdraft Gasifier Apparatus and Method' (ii) all Intellectual Property rights, title and interest in Patent # 8,518,133 'Parallel Path, Downdraft Gasifier Apparatus and Method' and (iii) all of the Property rights, title and interest in a 32 inch Downdraft Gasifier ('Gasifier'). Pursuant to the Purchase Agreement, we agreed to issue 715,320 shares of $0.001 par value common stock and assume of $156,900 in liabilities to Petersen Incorporated”