secwatch / observer

8-K filed August 31, 2021, 7:59 PM ET ticker CIFR CIK 0001819989

M&A confidence high sentiment positive materiality 0.85

Cipher Mining completes SPAC merger; $435M financing, Bitfury owns 83.4%

Cipher Digital Inc.

Merger completed Aug 27; CIFR and CIFRW begin trading on NASDAQ Aug 30 under CIFR and CIFRW.
12.65M shares redeemed (~$126.5M); combined PIPE ($375M) and Bitfury private placement ($60M) total $435M.
Post-merger shares outstanding: ~247.1M; Bitfury Top HoldCo holds 83.4%, PIPE investors 13.0%.
Board and executive team: Tyler Page (CEO), Edward Farrell (CFO), Patrick Kelly (COO), William Iwaschuk (CLO).
Entered Master Services and Supply Agreement with Bitfury, registration rights, lock-up, and indemnification agreements.

item 1.01 item 2.01 item 5.06 item 3.02 item 3.03 item 9.01 item 5.01 item 5.02 item 5.03 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Fred Zeidman

Co-Chairman

CIFR · Cipher Digital Inc.

Filed: August 31, 2021, 7:59 PM ET

Fred Zeidman resigned from his position as Good Works’ Co-Chairman

Departed

Douglas Wurth

Co-Chairman

CIFR · Cipher Digital Inc.

Filed: August 31, 2021, 7:59 PM ET

Douglas Wurth resigned from his position as Good Works’ Co-Chairman

Departed

Douglas Wurth

Director

CIFR · Cipher Digital Inc.

Filed: August 31, 2021, 7:59 PM ET

Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.

Departed

Cary Grossman

Director

CIFR · Cipher Digital Inc.

Filed: August 31, 2021, 7:59 PM ET

Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.

Departed

Cary Grossman

President

CIFR · Cipher Digital Inc.

Filed: August 31, 2021, 7:59 PM ET

Cary Grossman resigned from his position as Good Works’ President

Departed

Fred Zeidman

Director

CIFR · Cipher Digital Inc.

Filed: August 31, 2021, 7:59 PM ET

Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.

Departed

Paul Fratamico

Director

CIFR · Cipher Digital Inc.

Filed: August 31, 2021, 7:59 PM ET

Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.

Departed

Tahira Rehmatulla

Director

CIFR · Cipher Digital Inc.

Filed: August 31, 2021, 7:59 PM ET

Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.

Departed

David Pauker

Director

CIFR · Cipher Digital Inc.

Filed: August 31, 2021, 7:59 PM ET

Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.

Departed

John J. Lendrum, III

Director

CIFR · Cipher Digital Inc.

Filed: August 31, 2021, 7:59 PM ET

Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Fred Zeidman resigned as Co-Chairman at Cipher Digital Inc..

Action: resigned
Role: Co-Chairman

Exact text from the filing

Fred Zeidman resigned from his position as Good Works’ Co-Chairman

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas Wurth resigned as Co-Chairman at Cipher Digital Inc..

Action: resigned
Role: Co-Chairman

Exact text from the filing

Douglas Wurth resigned from his position as Good Works’ Co-Chairman

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas Wurth resigned as Director at Cipher Digital Inc..

Action: resigned
Role: Director

Exact text from the filing

Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Cary Grossman resigned as Director at Cipher Digital Inc..

Action: resigned
Role: Director

Exact text from the filing

Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Cary Grossman resigned as President at Cipher Digital Inc..

Action: resigned
Role: President

Exact text from the filing

Cary Grossman resigned from his position as Good Works’ President

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Fred Zeidman resigned as Director at Cipher Digital Inc..

Action: resigned
Role: Director

Exact text from the filing

Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul Fratamico resigned as Director at Cipher Digital Inc..

Action: resigned
Role: Director

Exact text from the filing

Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tahira Rehmatulla resigned as Director at Cipher Digital Inc..

Action: resigned
Role: Director

Exact text from the filing

Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Pauker resigned as Director at Cipher Digital Inc..

Action: resigned
Role: Director

Exact text from the filing

Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

John J. Lendrum, III resigned as Director at Cipher Digital Inc..

Action: resigned
Role: Director

Exact text from the filing

Fred Zeidman, Douglas Wurth, Cary Grossman, David Pauker, John J. Lendrum, III, Paul Fratamico and Tahira Rehmatulla resigned from their positions as directors of Good Works.

View on SEC.gov

Cipher Digital Inc. filing history →

Source: SEC EDGAR

accession 0001193125-21-260900

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