0000899243-21-040685.txt : 20211019 0000899243-21-040685.hdr.sgml : 20211019 20211019213045 ACCESSION NUMBER: 0000899243-21-040685 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211019 FILED AS OF DATE: 20211019 DATE AS OF CHANGE: 20211019 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: James Sarah CENTRAL INDEX KEY: 0001809013 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40931 FILM NUMBER: 211332596 MAIL ADDRESS: STREET 1: PO BOX 500 71 FORT STREET CITY: GRAND CAYMAN STATE: E9 ZIP: KY11106 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Stronghold Digital Mining, Inc. CENTRAL INDEX KEY: 0001856028 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 862759890 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 595 MADISON AVENUE STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (212) 967-5294 MAIL ADDRESS: STREET 1: 595 MADISON AVENUE STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 3 1 doc3.xml FORM 3 SUBMISSION X0206 3 2021-10-19 0 0001856028 Stronghold Digital Mining, Inc. SDIG 0001809013 James Sarah 595 MADISON AVENUE, 29TH FLOOR NEW YORK NY 10022 1 0 0 0 Stock Option (Right to Buy) 26.87 Class A common stock, par value $0.0001 10000 D On September 8, 2021, the reporting person was granted a stock option to purchase 10,000 shares of Class A common stock of the Issuer, which vests on the first anniversary of the closing of the Issuer's initial public offering, which closing is currently contemplated to be October 22, 2021, subject to continued service through the vesting date. Does not give effect to 2.88-for-1 stock split, which the Issuer expects to effect in connection with the closing of its initial public offering on October 22, 2021. After giving effect to such split, the number of securities underlying the option will be 28,800 at an exercise price of $9.33. Exhibit List: Exhibit 24.1 - Power of Attorney /s/ Matthew Usdin, attorney-in-fact for Sarah P. James 2021-10-19 EX-24.1 2 attachment1.htm EX-24.1 DOCUMENT
                                                                    Exhibit 24.1

                               POWER OF ATTORNEY
              FOR EXECUTING FORMS 3, FORMS 4, FORMS 5 AND FORM 144

The undersigned hereby constitutes and appoints Ricardo R.A. Larroude, Chief
Financial Officer, Thomas B. Tyree III, Vice President, Finance, and Matthew C.
Usdin, General Counsel and Vice President of Business Development, or any of
them acting without the others, with full power of substitution, as the
undersigned's true and lawful attorney-in-fact to:

        1.  prepare, execute in the undersigned's name and on the undersigned's
            behalf, and submit to the U.S. Securities and Exchange Commission
            (the "SEC") a Form ID, including amendments thereto, and any other
            documents necessary or appropriate to obtain codes and passwords
            enabling the undersigned to make electronic filings with the SEC of
            reports required by Section 16(a) of the Securities Exchange Act of
            1934, as amended (the "Exchange Act") or any rule or regulation of
            the SEC;

        2.  execute for and on behalf of the undersigned any Form 3, Form 4,
            Form 5 and Form 144 (including any amendments, corrections,
            supplements or other changes thereto) in accordance with Section
            16(a) of the Exchange Act, and the rules thereunder, but only to the
            extent each form or schedule relates to the undersigned's beneficial
            ownership of securities of Stronghold Digital Mining, Inc. or any of
            its subsidiaries;

        3.  do and perform any and all acts for and on behalf of the undersigned
            that may be necessary or desirable to complete and execute any Form
            3, Form 4, Form 5 or Form 144 (including any amendments,
            corrections, supplements or other changes thereto) and timely file
            the forms or schedules with the SEC and any stock exchange or
            quotation system, self-regulatory association or any other
            authority, and provide a copy as required by law or advisable to
            such persons as the attorney-in-fact deems appropriate; and

        4.  take any other action in connection with the foregoing that, in the
            opinion of the attorney-in-fact, may be of benefit to, in the best
            interest of or legally required of the undersigned, it being
            understood that the documents executed by the attorney-in-fact on
            behalf of the undersigned pursuant to this Power of Attorney shall
            be in the form and shall contain the terms and conditions as the
            attorney-in-fact may approve in the attorney-in-fact's discretion.

The undersigned hereby grants to the attorney-in-fact full power and authority
to do and perform all and every act requisite, necessary or proper to be done in
the exercise of any of the rights and powers herein granted, as fully to all
intents and purposes as the undersigned might or could do if personally present,
with full power of substitution or revocation, hereby ratifying and confirming
all that the attorney-in-fact shall lawfully do or cause to be done by virtue of
this Power of Attorney and the rights and powers granted herein. The undersigned
acknowledges that the attorneys-in-fact, in serving in such capacity at the
request of the undersigned, are not assuming (nor is Stronghold Digital Mining,
Inc. assuming) any of the undersigned's responsibilities to comply with Section
16 of the Exchange Act.

The undersigned agrees that the attorney-in-fact may rely entirely on
information furnished orally or in writing by or at the direction of the
undersigned to the attorney-in-fact. The undersigned also agrees to indemnify
and hold harmless Stronghold Digital Mining, Inc. and the attorney-in-fact
against any losses, claims, damages or liabilities (or actions in these
respects) that arise out of or are based upon any untrue statements or omissions
of necessary facts in the information provided by or at the direction of the
undersigned, or upon the lack of timeliness in the delivery of information by or
at the direction of the undersigned, to the attorney-in fact for purposes of
executing, acknowledging, delivering or filing a Form 3, Form 4, Form 5 or Form
144 (including any amendments, corrections, supplements or other changes
thereto) with respect to the undersigned's holdings of and transactions in
securities issued by Stronghold Digital Mining, Inc., and agrees to reimburse
Stronghold Digital Mining, Inc. and the attorney-in-fact on demand for any legal
or other expenses reasonably incurred in connection with investigating or
defending against any such loss, claim, damage, liability or action.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Form 3, Form 4, Form 5 and Form 144
(including any amendments, corrections, supplements or other changes thereto)
with respect to the undersigned's holdings of and transactions in securities
issued by Stronghold Digital Mining, Inc., unless earlier revoked by the
undersigned in a signed writing delivered to the attorney-in-fact. This Power of
Attorney does not revoke any other power of attorney that the undersigned has
previously granted.

                           [Signature page follows.]


        IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of the date written below.

/s/ Sarah P. James
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Signature

Sarah P. James
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Type or Print Name

September 26, 2021
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Date