---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-020772"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2023-06-09T23:59:59+00:00"
generated_at: "2026-06-14T03:47:34.437661+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Marathon Digital closes $14.25M private placement of convertible preferred stock

## Summary
- Gross proceeds of ~$14.25M from 15,000 Series A convertible preferred shares sold at $952.38 each (5% OID).
- Each share convertible into common at $14.52/share, subject to stockholder approval of authorized share increase.
- Holders may require redemption at 105% of stated value after stockholder approval or 90 days post-closing, until day 120.
- H.C. Wainwright acted as placement agent, receiving 4% fee plus $85,000 accountable expenses.
- Proceeds used for general corporate purposes if shares converted or not redeemed after 120 days.

## SEC filing metadata
- accession: 0001493152-23-020772
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2023-06-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315223020772/0001493152-23-020772-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315223020772/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-020772
- JSON: https://secwatch.observer/filing/0001493152-23-020772.json
- Plain text: https://secwatch.observer/filing/0001493152-23-020772.txt

## Key facts
- Governance Changes
  MARA Holdings, Inc.: Filed a certificate of designation for Series A redeemable convertible preferred stock, establishing the terms of the Series A preferred stock (effective 2023-06-06).
  - Change: charter amendment
  - Effective: 2023-06-06
  source text: On June 6, 2023, the Company filed a certificate of designation for the Series A preferred stock referenced in Item 1.01 with the Secretary of State of the State of Nevada.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507605/000149315223020772/0001493152-23-020772-index.htm
- Material Agreements
  MARA Holdings, Inc. entered into securities purchase agreement with H.C. Wainwright & Co., LLC valued at approximately $14.25 million (effective 2023-06-05).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: H.C. Wainwright & Co., LLC
  - Value: approximately $14.25 million
  - Effective: 2023-06-05
  source text: On June 5, 2023, Marathon Digital Holdings, Inc. (the “Company”) entered into a securities purchase agreement for the purchase of 15,000 shares of Series A redeemable convertible preferred stock in a private placement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507605/000149315223020772/0001493152-23-020772-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.