secwatch.observer — SEC 8-K summary
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Issuer:     Cipher Digital Inc. (CIFR)
CIK:        0001819989
Form:       8-K
Filed at:   2021-08-31T23:59:59+00:00
Accession:  0001193125-21-260900
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 5.06, 3.02, 3.03, 9.01, 5.01, 5.02, 5.03, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819989/000119312521260900/0001193125-21-260900-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819989/000119312521260900/d212090d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-260900

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