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CleanSpark Priced 4.44M Share Public Offering @$9.00/Share

CleanSpark, Inc. (NASDAQ: CLSK) announced the pricing of its previously announced underwritten public offering of 4,444,445 shares of common stock at a public offering price of $9.00 per share. H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.

· 10/07/2020 05:39
CleanSpark, Inc. (NASDAQ:CLSK) announced the pricing of its previously announced underwritten public offering of 4,444,445 shares of common stock at a public offering price of $9.00 per share. H.C. Wainwright & Co. is acting as the sole book-running manager for the offering. The gross proceeds are expected to be approximately $40.0 million, before deducting underwriting discounts and commissions and other offering expenses payable by the Company. The offering is expected to close on or about October 9, 2020, subject to satisfaction of customary closing conditions. CleanSpark intends to use the net proceeds from the offering for working capital requirements, the growth of CleanSpark's sales and marketing team, product development including software enhancements and improvements, and general corporate purposes and strategic mergers and acquisitions, although CleanSpark has no present commitments or agreements to enter into any such mergers or acquisitions.