secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0000950170-24-090899
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanSpark adds $40M delayed draw loan for GRIID; $5M drawn immediately
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- Total loan facility: $55.9M initial term loan plus $40M delayed draw; $5M drawn Aug 5, 2024.
- Interest rate 8.5% per annum; maturity June 26, 2025 or 90 days after merger termination.
- Loan supports GRIID funding needs pending CleanSpark-GRIID merger under June 2024 agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017024090899/0000950170-24-090899-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017024090899/clsk-20240802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-090899

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer