Restructuring Support Agreement termination
Company: Core Scientific
The claim, verbatim
The company exercised its right to terminate the Restructuring Support Agreement with Consenting Creditors effective February 9, 2023, resulting in Consenting Creditors no longer being obligated to vote in favor of a joint plan of reorganization and the company no longer being obligated to pursue confirmation of such plan.
Source (primary)
Core Scientific 8-K filed 2023-02-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “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
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Core Scientific 8-K filed 2023-02-13
Quote: “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.”