O’Rourke welcomes elevated regulation and transparency for the cryptocurrency industry. “Unfortunately, as with many new hot sectors, it has attracted some unhealthy actors trying to capitalize on the hype,” he said. “Riot is all for increased transparency and properly imposed regulation.”
Mr. Honig and GRQ allege that Riot has failed to indemnify them pursuant to phrases of the Securities Purchase Agreement (“SPA”) and Registration Rights Agreement (“RRA”), both dated March 16, 2017. Mr. Honig and GRQ allege declaratory judgment and breach of contract claims, in search of fees and expenses they incurred in connection with litigation and a SEC investigation involving Riot. On July 9, 2020, Riot filed a movement to dismiss both of the claims.
In addition to the swimsuit filed by Mr. Honig and GRQ, different purported events and beneficiaries of the SPA and RRA have also just lately demanded indemnification from Riot Blockchain associated to the identical litigation and SEC investigation. For the explanations set forth in the Court’s order dismissing Mr. Honig’s and GRQ’s indemnification claims, Riot Blockchain believes that it doesn’t owe an indemnification obligation to the opposite purported events and beneficiaries of the SPA and RRA that have made an indemnification demand. Riot Blockchain intends to vigorously contest similar demands for indemnification. This will impact the organizaion I work for in because there shall be a change in how we share medical information. It will also influence the finest way I order provides and different tools. There shall be a dependable transparent supply chain system through the use of blockchain.
Over the final day, GRQ Token has had 0% clear quantity and has been trading on 1 energetic markets with its highest quantity buying and selling pairs being . Investors who personal more than 5 percent of an organization’s excellent widespread inventory are required to file a type generally known as a 13D, which outlines their holdings. Subsequent modifications in holdings require a “well timed” filing of any modifications. Since Honig’s board shake-up, the company has increased its common stock share rely from 4.5 million to greater than 11.6 million.
Subsequently, in April 2018, the Company obtained a subpoena from the SEC as part of an investigation, requesting documents and data. On October 12, 2018, the Company filed for withdrawal of this registration assertion on Form S-3, in addition to other of its registration statements. On October 22, 2018, the Company was notified by SEC employees that the SEC had terminated the Section 8 examination with respect to the above-referenced registration statements. On January 29, 2020, the SEC notified the Company that it had concluded its investigation as to Riot, and based [pii_email_8ca2fcc022248175005f] on the knowledge the SEC had as of the date of the letter, it didn’t intend to suggest an enforcement motion in opposition to Riot. Lead Plaintiff filed a consolidated grievance on January 15, 2019. In lieu of opposing defendants’ motions to dismiss, Lead Plaintiff filed another amended complaint on May 9, 2019.
You can see a list of supported browsers in our Help Center. At December 31, 2020, he Company did not have any important operating lease liabilities or right of use assets. During the three months ended June 30, 2020, the Company had relocated its miners to the Coinmint facility and vacated the OKC facility.