Restructuring Support Agreement Terminated
Company: Core Scientific
The claim, verbatim
Core Scientific terminated a Restructuring Support Agreement with consenting creditors on February 9, 2023, effective immediately, releasing all parties from obligations to pursue a reorganization plan
Source (primary)
Core Scientific 8-K filed 2023-02-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On February 9, 2023, the Debtors delivered written notice to the Consenting Creditors (the "RSA Termination Notice") notifying such parties that the Debtors exercised their right to terminate the RSA, effective February 9, 2023. As a result of the delivery of the RSA Termination Notice, the Consenting Creditors are no longer obligated to vote in favor of the Plan and the Debtors are no longer obligated to pursue confirmation and consummation of the Plan.”
How we checked this
Additional evidence
confirms Core Scientific 8-K filed 2023-02-13
Quote: “On February 9, 2023, the Debtors delivered written notice to the Consenting Creditors (the "RSA Termination Notice") notifying such parties that the Debtors exercised their right to terminate the RSA, effective February 9, 2023. As a result of the delivery of the RSA Termination Notice, the Consenting Creditors are no longer obligated to vote in favor of the Plan and the Debtors are no longer obligated to pursue confirmation and consummation of the Plan.”