Reverse stock split authorization (2-for-3 ratio)

Checked on September 30, 2026. The cited source supports part of this claim, but not all of it.

The proxy statement describes a proposal asking shareholders to authorize a 2-for-3 reverse split that the Board could effect at its discretion within one year of approval. It does not show that shareholders approved the proposal, so the Board's authorization is not established here.

Confirmed in the source:

• The proposed reverse split ratio is two-for-three
• The Board could effect the reverse split within one year of shareholder approval
• The reverse split would be at the Board's discretion, and the Board could abandon it

We could not confirm this from the cited source:

• The Board of Directors was actually authorized to effect the reverse split; this document only asks shareholders to grant that authorization at the February 15, 2013 special meeting

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000152153613000086/q1100949_def14a-amicor.htm) in full (45,370 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.

confirms Marathon Digital DEF 14A filed 2013-02-05

Quote: “The reverse split would permit (but not require) our Board of Directors to effect a reverse split of our issued and outstanding common stock by a ratio of two-for-three within one year of receipt of approval by our shareholders”

View cached copy (2026-09-27)Live source ↗