Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrants Common Equity,
Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
Our common stock, par value $0.001 per share,
is listed on The Nasdaq Capital Market under the ticker symbol “CLSK.”
Holders of Our Common Stock
As of December 14, 2021, we had 185
registered holders of record of our common stock, with others in street name.
The holders of our common stock are entitled
to one vote for each share held of record on all matters submitted to a vote of stockholders. Holders of our 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 our 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 never declared any dividends on shares
of our common stock, and we do not plan to declare any dividends in the foreseeable future.
Recent Sales
of Unregistered Securities ;
Use of Proceeds from Registered Securities
As of December 10, 2021, we issued an aggregate
of 8,404 unregistered shares of our common stock to the Sellers of Gridfabric in accordance with the Membership Interest Purchase Agreement
entered into on August 31, 2020, based upon the achievement of certain milestones. The shares had an aggregate value of $150,000.
The shares of common stock were issued in a transaction
not involving a public offering in reliance upon an exemption from registration provided by Section 4(a)(2) of the Securities Act, and/or
Regulation D promulgated thereunder.
During the fiscal year ended September 30, 2021, there
were no other unregistered sales of our securities that were not reported in a Current Report on Form 8-K or our Quarterly Reports on
Form 10-Q.
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. [Reserved]
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Table of Contents
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