Home
Creators
Search Recent Random
Posts
Search DMs Popular Hash Lookup Tags Random
Importer
Import FAQ
Register Favorites Keys Review DMs Logout
Community
Telegram ThePornDude
Home Creators Posts Import Register Favorites Logout

CLSK Halt (Patreon)

Published:
2024-11-08 15:03:41
Imported:
2026-06
Tags:

Content

UPDATE:

IT WAS A WARRANT ERROR

Potential Reasons for CLSK Trading Halt - all of this is just my probablistic analysis

GRIID Merger Completion (60% probability)
The most likely reason for the halt is related to the finalization of the GRIID Infrastructure acquisition. CleanSpark completed this merger on October 31, 2024, following shareholder approval

M&E Announcement (25% probability)
CleanSpark has shown a pattern of growth through acquisitions, as evidenced by the recent GRIID deal and previous purchases of mining facilities

Insider Trading - the large warrant trade (10% probability)
Some weird activity yesterday

External Acquisition Offer (5% probability)
While possible, it's less likely that CleanSpark itself is being acquired

Comments

Craig m

Still is very confusing hopefully we come out of this OK

Alex Crypto

"No Change to Company's Business, Operations or Financial Statements LAS VEGAS , Nov. 8, 2024 /PRNewswire/ -- CleanSpark, Inc. (Nasdaq: CLSK), America's Bitcoin Miner® (the "Company"), today addressed the trading halt imposed by Nasdaq following an issue relating to the calculation of the number of outstanding warrants (Nasdaq: CLSKW) (the "Warrants") and the number of shares underlying those Warrants. The trading halt is not the result of any issue associated with CleanSpark's business, operations, filings with the SEC , financial statements or securities.  The Warrants were originally issued by GRIID Infrastructure, Inc. ("GRIID") and converted into CleanSpark warrants in connection with the Company's acquisition of GRIID on October 30, 2024 . In connection with the consummation of the acquisition of GRIID, and pursuant to the terms of the merger agreement, the Warrants were to be adjusted to reflect the merger exchange ratio of 0.069593885 of a share of the Company's common stock for each share of GRIID common stock. As a result, the outstanding 13,800,000 Warrants are to represent the right to purchase an aggregate of 960,395 shares of the Company's common stock at an exercise price of $165.24 for each full share. However, the exchange ratio was erroneously applied to the Warrants in certain documentation, including the listing application filed with Nasdaq. The Company contacted representatives of Nasdaq promptly upon becoming aware of this issue and is working diligently to resolve this issue and allow trading of its common stock and Warrants to resume."

nnickn

blimey, Jmes even nails T12'S had it at 60%. The man is a guru

Forty Six and Two

Glad I've been layering out on the run up. I have very little exposure now.

Chewie

Think now shown to be clerical error? Nothing burger?

Franklin Rodriguez

I just took profit on rocket lab (up 90% since Sep 9) letting the rest ride. I’m Thinking of rotating to a alibaba or Enph. Since they are both dumping would it be a good entry price right now for baba or enph? Thanks you for all you do

SaylorMoon

Has ST Microelectronics (STM) been suspended as well? "STMicroelectronics and ENGIE sign long-term agreement for the supply of electricity produced from renewable sources in Malaysia."