CleanSpark provides delayed draw term loan facility to GRIID
Company: CleanSpark
The claim, verbatim
CleanSpark provided a delayed draw term loan facility to GRIID on August 2, 2024, with no more than $4,250,000 of the facility included as GRIID's outstanding liabilities for merger consideration calculation purposes.
Source (primary)
CleanSpark 424B3 filed 2024-09-23 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “no more than $4,250,000 of the delayed draw term loan facility provided by CleanSpark to GRIID on August 2, 2024 may be included as GRIID's outstanding liabilities as of the closing date”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states that GRIID and CleanSpark agreed to cap the August 2, 2024 delayed draw facility at $4,250,000 for this calculation. It also says the facility was added on that date through an amended and restated $40 million credit agreement.
Confirmed in the source:
- CleanSpark provided a delayed draw term loan facility to GRIID on August 2, 2024
- No more than $4,250,000 of that facility may be counted as GRIID's outstanding liabilities when calculating the merger consideration
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/827876/000119312524223723/d640581d424b3.htm) in full (1,538,406 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CleanSpark 424B3 filed 2024-09-23
Quote: “no more than $4,250,000 of the delayed draw term loan facility provided by CleanSpark to GRIID on August 2, 2024 may be included as GRIID's outstanding liabilities as of the closing date”