CleanSpark Announces Increase in Authorized Shares in Recent 8-K Filing

CleanSpark, Inc. recently filed an 8-K form with the Securities and Exchange Commission on October 25, 2024, where it reported an important development. The filing stated that CleanSpark, Inc. (the “Company”) had filed Articles of Amendment to its First Amended and Restated Articles of Incorporation with the Secretary of State for the State of Nevada on October 28, 2024. This Charter Amendment brought about an increase in the authorized shares of the Company’s common stock from 300,000,000 shares to 600,000,000 shares. The Charter Amendment was approved by the Company’s stockholders at a Special Meeting and became effective upon filing.

The filing under Item 5.03 also mentioned that the details provided are not exhaustive and are contingent on the complete text of the Charter Amendment, which is attached as Exhibit 3.1 to the filing.

Furthermore, in Item 5.07, the 8-K reported the submission of matters to a vote of security holders. The Company held a Special Meeting on October 25, 2024, where stockholders cast votes on Proposal 1, which aimed to increase the number of shares of Common Stock authorized for issuance. The votes were tallied, resulting in 1,028,842,994 votes for, 192,134,253 votes against, and 830,316 abstentions. The affirmative vote from holders of a majority of the voting power of the Company’s outstanding shares was required for the approval of Proposal 1, which was successfully achieved.

The 8-K filing concluded with an overview of financial statements and exhibits attached. This included the description of the Amendment to Articles of Incorporation as well as a Cover Page Interactive Data File embedded within the Incline XBRL document.

Investors and stakeholders should refer to the complete 8-K SEC Filing for specific details and are encouraged to review all pertinent information regarding this recent development.

This news update is a reflection of the recent updates provided by CleanSpark, Inc. as revealed in the company’s SEC filing.

Note: The aforementioned details are derived from the text of the 8-K SEC filing by CleanSpark, Inc., and are presented in an objective manner.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read CleanSpark’s 8K filing here.

CleanSpark Company Profile

CleanSpark, Inc operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc and changed its name to CleanSpark, Inc in November 2016.