Mergers & Acquisitions
By The Online Investor Staff, updated Thu., Mar. 4, 2:09 PM
| This Slide: #64 of 100 |
Slide #64. CleanSpark, Inc. — Solar Watt Solutions, Inc.
Acquirer:
CleanSpark, Inc. (NASDAQ:CLSK)
Acquiree:
Solar Watt Solutions, Inc.
Details:
CleanSpark, Inc. (Nasdaq: CLSK) (the "Company" or "CleanSpark"), a diversified software and services company, today announced that it has completed the strategic acquisition of Solar Watt Solutions, Inc. ("Solar Watt"), a Commercial and Residential Solar and Energy Storage Developer. Based on achievement of certain performance objectives, total consideration for the transaction will be up to 477,703 shares of the Company's common stock, and up to $3,850,000 in cash.
CleanSpark is engaged in the business of providing software and control technology solutions. Through its subsidiary, CleanSpark, LLC, Co. provides microgrid engineering, design and software solutions to military, commercial and residential customers. Through its subsidiary, CleanSpark Critical Power Systems, Inc., Co. provides hardware solutions for distributed energy systems to military and commercial residential properties. Through its subsidiary, GridFabric, LLC, Co. provides Open Automated Demand response and other middleware communication protocol software solutions. Through its subsidiary, p2kLabs, Inc., Co. provides design, software development and other consulting services.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 95th percentile
(ranked higher than approx. 95% of all stocks covered)
Analysts' Target Price: CLSK Stock Forecast Based on Zacks ABR data; powered by Xignite |
