CleanSpark, Inc. addressed a trading halt imposed by Nasdaq, clarifying that the issue was solely related to a clerical error concerning the calculation of outstanding warrants and their underlying shares. The warrants originated from the company's acquisition of GRIID Infrastructure, Inc. on October 30, 2024.
The company stated that the trading halt was not a result of any issues with CleanSpark's business, operations, SEC filings, or financial statements. The exchange ratio for the warrants was erroneously applied in certain documentation, including the listing application filed with Nasdaq.
CleanSpark promptly contacted Nasdaq representatives upon discovering the issue and is actively working to resolve it to allow trading of its common stock and warrants to resume. This clarification aims to reassure investors that the halt does not reflect on the company's fundamental health.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.