Merger consideration shares issued
Company: CleanSpark
The claim, verbatim
5,031,254 shares of Company Common Stock were issued as merger consideration at an exchange ratio of 0.069593885 shares per GRIID share
Source (primary)
CleanSpark 8-K filed 2024-10-31 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “As a result, an aggregate of 5,031,254 shares of Company Common Stock were issued in the Merger.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states both the 0.069593885 exchange ratio per GRIID share and that 5,031,254 CleanSpark shares were issued as a result of the merger.
Confirmed in the source:
- An aggregate of 5,031,254 shares of CleanSpark common stock were issued in the merger
- Each GRIID common share was converted into the right to receive 0.069593885 of a CleanSpark share (the Exchange Ratio)
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000119312524248156/d863782d8k.htm) in full (8,891 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 8-K filed 2024-10-31
Quote: “As a result, an aggregate of 5,031,254 shares of Company Common Stock were issued in the Merger.”