Comstock Inc 8-K/A, filed Mar 29, 2024
Comstock Inc. (LODE)
8-K/A
2024-03-29
For: 2024-03-25
View Original
Added on
April 10, 2026
About this 8-K/A
Comstock Inc filed this 8-K/A on March 29, 2024, reporting on events of March 25, 2024.
Items reported
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 25, 2024
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Explanatory Note
Comstock Inc. (the “Company”) filed a Current Report on Form 8-K on March 27, 2024 (the “Original Report”), in which the Company announced entering into an equity purchase agreement with ClearThink Capital Partners LLC. This Amendment No. 1 to the Original Report (this “Amendment”) is being filed solely to correct an inadvertent error in the defined purchase price disclosed in Item 8.01 of the Original Report, which has been corrected to define purchase price as ninety percent (90%) of the volume weighted average sales price of the Common Stock on the day of each respective Put Date. This Amendment hereby amends the Original Report by amending and restating Item 8.01 and, except as set forth herein, no other amendments to the Original Report are made by this Amendment.
Item 8.01 Other Events.
On March 25, 2024, Comstock Inc. (the “Company”) entered into an equity purchase agreement (the “Purchase Agreement”) with ClearThink Capital Partners LLC (“ClearThink”) for the offering from time to time of the Company's common shares with a maximum offering size, in the aggregate, of up to $5,000,000 to ClearThink.
Sales of common stock, if any, under the Purchase Agreement are made ninety percent (90%) of the volume weighted average sales price of the Common Stock on the day of each respective Put Date that ClearThink receives a capital call from the Company. In consideration of ClearThink's agreement to enter the Purchase Agreement, the Company agreed to deliver 250,000 additional shares of common stock to ClearThink, for no additional consideration.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| COMSTOCK INC. | ||||||||||||||
| Date: March 29, 2024 | By: | /s/ Corrado De Gasperis | ||||||||||||
Corrado De Gasperis Executive Chairman and Chief Executive Officer | ||||||||||||||