Company: CLSKW
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015470
Chunk: 166

Company: CLEANSPARK, INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Item 8
Chunk 166
---
 — 
     
    — 
     
    $
    — 

    December 1, 2024 to December 31, 2024
    11,759,935
     
    $
    12.33
     
    — 
     
    $
    — 

    Total
    11,759,935

    — 

(1)Represents the use of approximately $145.0 million of the net proceeds from our convertible notes offering to repurchase shares of our common stock from investors in the 2030 Notes in privately negotiated transactions concurrently with the offering at a price per share of $12.33, which was the closing price per share of our common stock on December 12, 2024. The shares were repurchased at fair value, and the entire repurchase price was allocated to the repurchase of the shares.

(2)On December 9, 2024, our board of directors authorized the repurchase of our common stock from certain investors in the 2030 Notes in privately negotiated transactions. We used approximately $145.0 million of the net proceeds from the offering to repurchase shares of our common stock from investors in the 2030 Notes.

Item 3. Defaults upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

23

Item 5. Other Information

None. Furthermore, for the three months ended December 31, 2024, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified, or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act or any “non-Rule 10b5-1 arrangement” as defined in Item 408(c) of Regulation S-K. 

24

Item 6. Exhibits

    Incorporated by Reference
     
    Filed/

    ExhibitNumber
     
    Exhibit Description
     
    Form
     
    File No.
     
    Exhibit
     
    FilingDate
     
    FurnishedHerewith

    3.1
     
    Conformed Copy of First Amended and Restated Articles of Incorporation of CleanSpark, Inc., as amended through October 28, 2024

    *

    3.2
     
    First Amended and Restated Bylaws of