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
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
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.”