Summary by Futu AI
CleanSpark, Inc., a Nevada-based company specializing in sustainable energy solutions, has announced a special meeting of stockholders to be held virtually on October 25, 2024. The meeting will address the approval of an amendment to the company's Articles of Incorporation to increase the authorized shares of Common Stock from 300,000,000 to 600,000,000. This move is aimed at supporting the company's growth and potential strategic transactions, including opportunities associated with Bitcoin's halving and future financing needs. As of September 6, 2024, the record date for determining stockholders entitled to vote, there were 253,136,198 shares of Common Stock and 1,750,000 shares of Series A Preferred Stock outstanding. The Board of Directors has unanimously approved the proposals and recommends that stockholders vote in favor. The meeting will also consider adjournments if necessary to solicit additional proxies. The proxy statement, along with the notice of the special meeting, was first mailed to stockholders on September 9, 2024.
