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8-K: Current report

SEC ·  Nov 16, 2024 06:09

Summary by Moomoo AI

CleanSpark, Inc., a Nevada-based company listed on the Nasdaq Stock Market under the symbol CLSK, filed a Current Report on Form 8-K with the Securities and Exchange Commission on November 15, 2024. The report provided updates on the trading halt of CleanSpark's securities, which began on November 7, 2024. The halt on the company's common stock was lifted on November 11, 2024, while the trading halt on the company's warrants, symbol CLSKW, remains in effect. The halt was not due to issues related to CleanSpark's business, operations, or financial statements, but was a result of an error identified in the conversion of warrants following the acquisition of GRIID Infrastructure Inc. on October 30, 2024. The warrants were to be adjusted to reflect the...Show More
CleanSpark, Inc., a Nevada-based company listed on the Nasdaq Stock Market under the symbol CLSK, filed a Current Report on Form 8-K with the Securities and Exchange Commission on November 15, 2024. The report provided updates on the trading halt of CleanSpark's securities, which began on November 7, 2024. The halt on the company's common stock was lifted on November 11, 2024, while the trading halt on the company's warrants, symbol CLSKW, remains in effect. The halt was not due to issues related to CleanSpark's business, operations, or financial statements, but was a result of an error identified in the conversion of warrants following the acquisition of GRIID Infrastructure Inc. on October 30, 2024. The warrants were to be adjusted to reflect the merger exchange ratio, but disclosures incorrectly indicated each warrant was exercisable for one full share instead of a fraction. The error was recognized due to unusual trading activity, and after communications with Nasdaq and the filing of an amended warrant agreement and Form 8-A/A, the trading halt on common stock was lifted. The company is working to resolve the issue with the warrants.

This announcement is a separate document:

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