secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0000950170-24-127680
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanSpark Discloses Warrant Agreement Error Leading to Nasdaq Trading Halt
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- Nasdaq halted trading of CleanSpark securities on November 7, 2024, due to an error in the warrant agreement from the GRIID acquisition.
- The Form 8-A erroneously stated each warrant would be exercisable for one share instead of 0.069593885 shares of common stock.
- 13,800,000 warrants remained outstanding representing the right to purchase 960,395 shares of common stock at $165.24 per share.
- The trading halt for common stock (CLSK) was lifted on November 11, 2024, but the halt for warrants (CLSKW) continues.
- CleanSpark filed an amended Form 8-A/A on November 8, 2024 to correct the warrant terms and exchange ratio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017024127680/0000950170-24-127680-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017024127680/clsk-20241115.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-127680

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