Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s
Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Information
Our common stock, par value $0.001
per share, is listed on The Nasdaq Capital Market under the symbol “CLSK.”
Holders of Our Common Stock
As of December 14, 2020, we had
223 registered holders of record of our common stock, with others in street name.
The holders of common stock are entitled
to one vote for each share held of record on all matters submitted to a vote of stockholders. Holders of the common stock have
no preemptive rights and no right to convert their common stock into any other securities. There are no redemption or sinking fund
provisions applicable to the common stock.
Dividends
There are no restrictions in our articles
of incorporation or bylaws that prevent us from declaring dividends. The Nevada Revised Statutes, however, do prohibit us from
declaring dividends where after giving effect to the distribution of the dividend:
1.
we would not be able to pay our debts as they become due in the usual course of business, or;
2.
our total assets would be less than the sum of our total liabilities plus the amount that would be needed to satisfy the rights of shareholders who have preferential rights superior to those receiving the distribution.
We have not declared any dividends
and we do not plan to declare any dividends in the foreseeable future.
Recent
Sales of Unregistered Securities
None.
Repurchases
The Company has not made any repurchases
of shares or other units of any class of the Company’s equity securities during the fourth quarter of the fiscal year covered
by this Annual Report.
Item 6. Selected Financial Data
As a smaller reporting company,
we are not required to provide the information required by this Item.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.