#Will cleanspark stock recover software#

Zacks Style Scores Education - Learn more about the Zacks Style Scores That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. As you might remember from your school days, an A, is better than a B a B is better than a C a C is better than a D and a D is better than an F.ДЄs an investor, you want to buy stocks with the highest probability of success. Within each Score, stocks are graded into five groups: A, B, C, D and F. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. The scores are based on the trading styles of Value, Growth, and Momentum. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The company, which was founded in 1987, operates on a software-as-a-service distribution model.The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. The company's services include intelligent energy monitoring and controls, as well as micro-grid consulting and implementation services.

#Will cleanspark stock recover software#

The company said вЂњproportional adjustmentsвЂќ will also be made to CleanSparkвЂ™s outstanding warrants and convertible debt.Д¬leanSpark develops software to help companies become more energy efficient. The reverse stock split also proportionally reduces the authorized common stock from 200 million down to 20 million. The reverse stock split will reduce the number of shares from around 47.7 million pre-split shares to approximately 4.8 million post-split shares. The board approved the reverse split without shareholder approval under applicable Nevada law.В Each shareholderвЂ™s percentage ownership interest in CleanSpark and the proportional voting power will remain unchanged after the reverse stock split, except for minimal changes due to rounding.ДЄs a result of the reverse stock split, every 10 shares will be exchanged for one share, with all fractional shares being rounded up to the nearest whole share. Following the completion of the reverse stock split, Nasdaq has indicated that it will monitor trading for several days to ensure the companyвЂ™s stock maintains key thresholds, including a minimum bid price. The company believes it currently meets all listing requirements for the Nasdaq, with the exception of its share price. вЂњOur plan to move to a national exchange reflects our recent success and momentum in growing our energy software and software-as-a-service (SaaS) solutions for applications in the growing distributed energy generation market,вЂќ added Bradford.Д¬leanSpark's software, mPluse and mVSO enable a microgrid to be scaled and widely used byВ agricultural, commercial, industrial enterprises as well as government agencies.Д«efore listing on Nasdaq, the exchange will need to grant final approval to the companyвЂ™s listing application. The CleanSpark boss said the planned listing on Nasdaq would help broaden the companyвЂ™s shareholder base, вЂњincrease appealвЂќ to institutional investors and provide shareholders with better liquidity. READ: CleanSpark shares surge on $627K energy storage contract in Costa Rica вЂњWe have elected to effectuate a reverse stock split to allow CleanSpark to meet the listing requirements of the Nasdaq Capital Market,вЂќ said CleanSpark CEO Zach Bradford in a statement. In a statement, the Bountiful, Utah-based company said the reverse stock split is expected to be effective prior to the stock market opening onВ December 11.В With the successful implementation of the reverse stock split, the company believes it will meet the final requirements for listing CleanSparkвЂ™s stock on the technology-laden Nasdaq.

CleanSpark Inc ( OTCMKTS:CLSK), an advanced energy software and control technology company, said Wednesday that the companyвЂ™s board and the Financial Industry Regulatory Authority (FINRA) approved a 1-for-10 reverse stock split of the companyвЂ™s stock.