secwatch.observer — SEC 8-K summary
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Issuer:     CLEANSPARK, INC. (CLSK)
CIK:        0000827876
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001193125-25-276014
Event type: debt
Sentiment:  neutral
Materiality: 0.85
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CleanSpark prices $1.15B 0% convertible notes due 2032; plans $460M stock repurchase
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- $1.15B 0% convertible senior notes due 2032; initial conversion price $19.16 (27.5% premium to $15.03 close).
- Company to repurchase ~$460M of common stock from note investors at $15.03/share.
- Net proceeds ~$1.13B ($1.28B if overallotment exercised) for expansion, data centers, and repay bitcoin-backed credit lines.
- Closing expected Nov 13, 2025; initial purchasers have 13-day option for additional $150M.
- Notes convertible at CleanSpark's option into cash, shares, or both; no interest; mature Feb 15, 2032.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827876/000119312525276014/0001193125-25-276014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827876/000119312525276014/clsk-20251110.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-276014

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