secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0000950170-24-135774
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanSpark announces $550M convertible notes offering due 2030; up to $125M for share repurchase
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- $550M principal amount, plus option for $100M; notes due 2030, no interest.
- Up to $125M of net proceeds to repurchase common stock from note investors.
- Remaining proceeds for Coinbase credit line repayment, capex, acquisitions, general corporate.
- Capped call transactions to reduce dilution upon conversion; company may elect cash or shares.
- Offering to QIBs under Rule 144A; not registered under Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000095017024135774/0000950170-24-135774-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000095017024135774/clsk-20241212.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-135774

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