Company: CLSKW
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015470
Chunk: 35

Company: CLEANSPARK, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 1
Chunk 35
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560

        $
        6.12

        Warrants granted

        22,803,726

        1,586,999

        $
        157.96

        Warrants expired

        —

        —

        $
        —

        Warrants canceled

        —

        —

        $
        —

        Warrants exercised

        —

        —

        $
        —

        Balance, December 31, 2024

        22,821,286

        1,604,559

        $
        156.30

      (1) Weighted average calculated weighting the exercise price versus the number of common shares that would be granted on exercise.As of December 31, 2024, there were warrants exercisable to purchase 1,604,559 shares of common stock in the Company and there were no warrants that were unvested. These warrants have a weighted average exercise price of $156.30. Most outstanding warrants contain provisions allowing a cashless exercise at their respective exercise prices.As of December 31, 2024, 22,813,726 of the outstanding warrants had a weighted average remaining term of 3.8 years and an intrinsic value of $12. The remaining 7,560 of the outstanding warrants do not have expiration dates and have an intrinsic value of $42.

13.   STOCK-BASED COMPENSATIONThe Company sponsors a stock-based incentive compensation plan known as the 2017 Incentive Plan, as amended, (the “Plan”). As of December 31, 2024, there were 8,021,006 shares available and authorized for issuance under the Plan. STOCK OPTIONSThe following is a summary of stock option activity during the three months ended December 31, 2024: 

        Number ofOption Shares

        Weighted AverageExercise Price ($)

        Balance, September 30, 2024

        2,285,462

        $
        15.58

        Options granted

        193,280

        $
        10.19

        Options expired

        (68,122
        )
         
        $
        19.08

        Options forfeited

        (25,554
        )
         
        $
        12.80

        Options exercised

        (17,864
        )
         
        $
        6.17

        Balance, December 31, 2024

        2,367,202

        $