Summary by Moomoo AI
CleanSpark, Inc., a Nevada-based company listed on the Nasdaq Capital Market under the symbol 'CLSK,' has announced an at-the-market offering agreement with H.C. Wainwright & Co., LLC, dated January 5, 2024. The agreement, which was amended on March 28, 2024, allows CleanSpark to offer and sell shares of its common stock with an aggregate offering price of up to $800,000,000. The sales may be made from time to time through Wainwright acting as a sales agent. The common stock's last reported sale price on Nasdaq was $23.11 per share as of March 27, 2024. The offering is pursuant to a prospectus supplement and the accompanying prospectus. Wainwright will receive a fixed commission rate of up to 3.0% of the gross proceeds per share sold under the amended agreement. The offering aims to provide CleanSpark with capital for growth initiatives, capital expenditures, acquisitions, and general corporate purposes. The company has also agreed to indemnification and contribution to Wainwright concerning certain liabilities.