secwatch.observer — SEC 8-K summary
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Issuer:     Stronghold Digital Mining, Inc. (—)
CIK:        0001856028
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001140361-23-008579
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 1.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stronghold Digital Mining completes exchange of $23.1M notes for Series C convertible preferred stock
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- Consummated exchange of Amended & Restated 10% Notes for 23,102 shares of Series C Convertible Preferred Stock; Notes deemed paid in full.
- Series C Preferred has $1,000 stated value, convertible into common at $0.40/share, automatically converts after 5 years.
- Entered Registration Rights Agreement to file resale registration statement for shares issuable upon conversion within 2 business days after 10-K filing.
- Series C Preferred ranks senior to common and Class V common; no dividends, no voting rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856028/000114036123008579/0001140361-23-008579-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856028/000114036123008579/brhc10048712_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-008579

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