CleanSpark amends ATM equity program; refreshes $500M capacity, $219.7M already sold

CLEANSPARK, INC.

Amendment to June 2021 ATM agreement with H.C. Wainwright restores up to $500M in potential equity issuance.
As of Dec 9, 2022, $219.7M of shares sold under original program; remaining availability $280.3M.
As of Dec 12, 2022, 15.2M authorized but unissued shares available (subject to other limits).
Commission to agent remains 3.0% of gross sales price; program is 'at the market' under Rule 415.
Company also agrees to file post-effective amendment to S-3 and new S-3 following 10-K filing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

CLEANSPARK, INC. amended Amendment No. 1 to the At the Market Offering Agreement with H.C. Wainwright & Co., LLC valued at $500,000,000 (effective 2022-12-14).

Action: amendment
Agreement: atm program
Counterparty: H.C. Wainwright & Co., LLC
Value: $500,000,000
Effective: 2022-12-14

Exact text from the filing

On December 14, 2022, the Company entered into Amendment No. 1 to the At the Market Offering Agreement with the Agent (the “ATM Agreement Amendment” and, together with the Original ATM Agreement, the “ATM Agreement”). Under the ATM Agreement, the Company may, but has no obligation to, issue and sell up to the lesser number of shares (the “Shares”) of the Company’s Common Stock, that does not exceed (a) $500,000,000 of shares of Common Stock, exclusive of any amounts previously sold under the Original ATM Agreement,

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CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0000950170-22-026536

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