Series X Preferred Stock Issuance and Redemption
Company: Marathon Digital
The claim, verbatim
Issued 13 million shares of Series X Preferred Stock for $1,300 with promised redemption for $1,300
Source (primary)
Marathon Digital 8-K filed 2025-01-10 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “issued all 13 million shares of the Series X Preferred Stock to Douglas Mellinger (the "Purchaser"), the Company's lead independent director, in a private placement, for an aggregate purchase price of $1,300. The sale closed on January 8, 2025... Upon such redemption, the holder of the Series X Preferred Stock will receive aggregate consideration of $1,300”
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 8-K filed 2025-01-10
Quote: “issued all 13 million shares of the Series X Preferred Stock to Douglas Mellinger (the "Purchaser"), the Company's lead independent director, in a private placement, for an aggregate purchase price of $1,300. The sale closed on January 8, 2025... Upon such redemption, the holder of the Series X Preferred Stock will receive aggregate consideration of $1,300”