Form 8-K · Current Report · Filed 2025-01-10
MARA Holdings, Inc. issues Series X Preferred Stock in private placement
On January 8, 2025, MARA Holdings, Inc. designated 13 million shares of undesignated preferred stock as Series X Preferred Stock and issued them in a private placement to Douglas Mellinger for $1,300. The Series X Preferred Stock has voting rights only on a proposal to increase the authorized number of shares of common stock and will be redeemed based on the vote's outcome. This issuance was made in reliance on Section 4(a)(2) of the Securities Act of 1933 and is subject to the terms outlined in the Certificate of Designation and Subscription Agreement.
- Filer
- Mara Holdings Inc. MARA · NASDAQ
- Filed
- Accession
- 0001493152-25-001560
- CIK
- 0001507605
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Unregistered Sales of Equity Securities
Material Modification to Rights of Security Holders
Amendments to Articles of Incorporation or Bylaws
Financial Statements and Exhibits
Market reaction
Close before filing
$18.34
Next session
-6.3%
Since filing
-38.4%
Latest close
$11.30
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MARA reporting the same item, with the next session's move:
Exhibits (2)
About Mara Holdings Inc.
Mara Holdings Inc. is a company that primarily specializes in the financial and technological sectors, focusing on innovative endeavors within its portfolio. As part of its core business model, Mara Holdings engages in cryptocurrency mining and digital asset management, which positions it in the rapidly evolving digital finance industry. Its operations include mining of major cryptocurrencies, which involves the validation of digital transactions and adding them to a blockchain ledger, a process crucial to the functionality and security of cryptocurrency networks. The influence of Mara Holdings Inc. extends across multiple sectors, including financial technology and digital currencies, drawing considerable interest as industries adopt blockchain technology and decentralized finance solutions. The company's participation in these markets underscores its role as a proactive entity capitalizing on digital transformation trends. In the context of market significance, Mara Holdings Inc. represents a blend of traditional financial management with the innovative potential of blockchain technology. Its activities not only contribute to the digital asset ecosystem but also highlight the increasing importance of integrating technology-driven financial solutions in today’s economy.
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