CleanSpark eliminates quarterly preferred dividend; approves special $17.14/sh dividend

CLEANSPARK, INC.

Quarterly dividend on Series A Preferred (2% of EBITDA) eliminated; holders get one-time special dividend of $17.142857 per share.
Voting rights changed: insiders holding majority of preferred shares decide vote; otherwise follows board recommendation or common vote proportionally.
Each share of Series A Preferred automatically converts into 3 common shares upon a change of control event.
Special dividend payable on/about March 24, 2026 to holders of record March 19, 2026.
Series A Preferred held by CEO S. Matthew Schultz, board member Larry McNeill, entity controlled by them, and former CEO Zachary Bradford.

item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

CLEANSPARK, INC. issued preferred stock for special dividend of $17.1428571428571 per share.

Security: preferred stock
Consideration: special dividend of $17.1428571428571 per share

Exact text from the filing

calculated as 2% of the Company’s earnings before interest, taxes and amortization, has been eliminated; (ii) the Series A Holders are entitled to a one-time special dividend of $17.1428571428571 per share of Series A Preferred outstanding and are otherwise not entitled to further dividends (the “Special Final Preferred Dividend”); (iii) (A) all shares of Series A

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

CLEANSPARK, INC.: Amended and Restated Certificate of Designation of Series A Preferred Stock to eliminate quarterly dividend, provide one-time special dividend, modify voting rights, and add conversion upon change of control (effective 2026-03-20).

Change: charter amendment
Effective: 2026-03-20

Exact text from the filing

On March 20, 2026, CleanSpark, Inc. (the “Company”) filed a First Amended and Restated Certificate of Designation of Series A Preferred Stock (the “Amended and Restated CoD”) with the office of the Nevada Secretary of State, which became effective on such date.

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CLEANSPARK, INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-122201

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