Strategic intent to achieve NASDAQ Capital Market listing
Company: Marathon Digital
The claim, verbatim
The company is submitting a reverse stock split proposal to stockholders with the primary intent of increasing the market price of Common Stock to enhance its ability to meet the initial listing requirements of The NASDAQ Capital Market, which requires an initial bid price of at least $4.00 per share and maintenance of at least $1.00 per share post-listing.
Source (primary)
Marathon Digital DEF 14A filed 2013-05-17 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “Our board of directors is submitting the Reverse Stock Split to our stockholders for approval with the primary intent of increasing the market price of our Common Stock to enhance our ability to meet the initial listing requirements of The NASDAQ Capital Market. The NASDAQ Capital Market requires, among other items, an initial bid price of least $4.00 per share and following initial listing, maintenance of a continued price of at least $1.00 per share.”
How we checked this
Checked on September 30, 2026. The cited source supports every part of this claim.
The consent solicitation statement says the board is submitting the reverse split mainly to raise the stock price so the company can meet NASDAQ Capital Market initial listing requirements. It also states the $4.00 initial bid price and $1.00 continued price requirements.
Confirmed in the source:
- Marathon Patent Group's board is submitting a reverse stock split proposal to stockholders for approval
- The primary intent of the reverse stock split is to increase the market price of the company's common stock
- The goal is to enhance the company's ability to meet the initial listing requirements of The NASDAQ Capital Market
- The NASDAQ Capital Market requires an initial bid price of at least $4.00 per share
- The NASDAQ Capital Market requires maintenance of a continued price of at least $1.00 per share after initial listing
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000152153613000459/q1101109_def14a-marathon.htm) in full (44,525 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital DEF 14A filed 2013-05-17
Quote: “Our board of directors is submitting the Reverse Stock Split to our stockholders for approval with the primary intent of increasing the market price of our Common Stock to enhance our ability to meet the initial listing requirements of The NASDAQ Capital Market. The NASDAQ Capital Market requires, among other items, an initial bid price of least $4.00 per share and following initial listing, maintenance of a continued price of at least $1.00 per share.”