secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001193125-24-248156
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanSpark completes acquisition of GRIID Infrastructure, issues 5.03M shares in merger
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- Deal closed Oct 30; GRIID shareholders approved the merger on Oct 28, 2024.
- Each GRIID share converted to ~0.06959 CLSK share; aggregate of 5,031,254 CLSK shares issued.
- CleanSpark expects to grow Tennessee mining capacity to over 400 MW via TVA service territory.
- GRIID common stock and public warrants to be delisted from Nasdaq and Cboe Canada.
- Former GRIID CEO Trey Kelly says merger is 'a great outcome' for shareholders and employees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000119312524248156/0001193125-24-248156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000119312524248156/d863782d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-248156

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