CleanSpark issues Series X Preferred to director, reduces quorum to 1/3 for authorized share vote

CLEANSPARK, INC.

Sold 1M shares of Series X Preferred to independent director Thomas Wood for $1,000; each share has 1,000 votes only on proposal to increase authorized common from 300M to 600M shares.
Board amended bylaws to reduce stockholder meeting quorum from majority to one-third of voting power, effective Aug 28, 2024.
Series X Preferred is non-convertible, pays no dividends, and is redeemable at $1,000 after the shareholder vote or at Board's discretion.
The Series X Preferred will vote proportionally to common and Series A preferred votes on the authorized share increase; no other voting rights.

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