CleanSpark, Inc. (OTCMKTS:CLSK) Files An 8-K Other Events
ITEM 8.01 – OTHER EVENTS
On December 31, 2018 at 4:03 p.m. EST the Company filed a form 424(b)2, more commonly referred to as a “prospectus supplement” to the EDGAR Filing system. The filing was received by the Securities and Exchange Commission, but did not post to the EDGAR system.
On January 3, 2019, not knowing when the problem would be resolved, the Company filed a form 8-K to inform the public of the issue and provide a copy of the prospectus supplement by attaching it as an exhibit to the form 8-K, with the idea the original filing would still be posted and dated when it was received on December 31, 2018.
On January 3, 2019 it was determined by the Commission that they experienced technical problems with a number of filings from December 31, 2018, and those filings would not be posted to the EDGAR system. The Commission stated that they discovered the problem on their end and would be working with the Company to remedy the problem. More specifically they proposed a solution to ensure the filing would be posted correctly and timely.
The Commission then advised the Company to refile the prospectus supplement to the EDGAR system as a new filing. They provided assurances via telephone and voicemail that the filing would be considered received on time by backdating it to the original timestamp of when it was filed, being December 31, 2018 at 4:03 p.m. EST,
On January 3, 2019 the Company refiled the prospectus supplement as it was instructed to do by the Commission. The filing was received and posted to the EDGAR system immediately. The Company then contacted the Commission to provide them with the specific accession number associated with the filing so that it could be manually backdated.
Initially the Company was told it would take no longer than 1 business day to backdate the filing to the appropriate date. On January 4, 2019 the Commission then revised their timeline to state it could take up to 7 days to complete the backdating process.
About CleanSpark, Inc. (OTCMKTS:CLSK)
CleanSpark, Inc., formerly Stratean, Inc., is in the business of acquiring, licensing and marketing patents and technology to create sustainable energy for its energy customers. The Company is a microgrid company, which combines a stratified downdraft gasifier with engineering and software and controls for distributed energy resource management systems. Its software allows energy generated locally to be shared with other interconnected microgrids. The Company’s Flex Power System is an integrated microgrid control platform that integrates all forms of energy generation with energy storage devices and controls facility loads to provide energy security in real time free of cyber threats. The Flex Power System provides sustainable energy with cost savings for its energy customers. The Flex Power System allows customers to manage renewable energy generation, storage and consumption. Its FractalGrid topology enables multiple microgrids to work together or disassociate base on the system.