Cleanspark Inc.
CleanSpark Announces Series X Preferred Stock Issuance and Authorized Share Increase
Summary
CleanSpark, Inc. has entered into a Subscription and Investment Representation Agreement with an independent board member to issue one million shares of Series X Preferred Stock. This issuance is in connection with an authorized increase in the number of common shares from 300 million to 600 million. The shares are non-voting, non-convertible, and non-dividend paying. Additionally, CleanSpark amended its bylaws to lower the quorum requirement for stockholder meetings. These actions aim to facilitate the authorized share increase and reduce potential disruptions.
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About Cleanspark Inc.
Cleanspark Inc. is a technology company primarily focused on providing advanced energy software and control technology solutions. The company's main objective is to help customers achieve energy efficiency and maximize cost savings through its innovative microgrid design and energy analytics. Cleanspark Inc. offers services to a wide range of markets including commercial, industrial, and residential sectors, as well as unique solutions for military and municipal applications. Its solutions empower users to take control of their power needs by integrating multiple power sources, energy storage, and intelligent control systems. As the demand for sustainable and resilient energy solutions increases, Cleanspark Inc. plays a significant role in the transition towards more decentralized and efficient energy systems, aligning with global sustainability trends and energy independence initiatives.
Official SEC Documents
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