B. Riley initial consideration shares
Company: Core Scientific
The claim, verbatim
Core Scientific issued 573,381 shares of Common Stock to B. Riley Principal Capital II on July 20, 2022 as consideration for B. Riley's irrevocable commitment to purchase additional shares under the Purchase Agreement
Source (primary)
Core Scientific 424B3 filed 2022-10-27 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Concurrently with our execution of the Purchase Agreement on July 20, 2022, we issued 573,381 shares of Common Stock, which are part of the CEF Shares included in the Prospectus, to B. Riley Principal Capital II as consideration for its irrevocable commitment to purchase shares of our Common Stock at our election in our sole discretion, from time to time after the date of the Prospectus, upon the terms and subject to the satisfaction of the conditions set forth in the Purchase Agreement.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document confirms the 573,381 shares issued concurrently with the July 20 agreement as commitment consideration.
Confirmed in the source:
- Core Scientific issued 573,381 shares to B. Riley Principal Capital II on July 20, 2022
- The shares were consideration for B. Riley's irrevocable commitment to purchase additional shares under the Purchase Agreement
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312522270429/d395956d424b3.htm) in full (18,255 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 424B3 filed 2022-10-27
Quote: “Concurrently with our execution of the Purchase Agreement on July 20, 2022, we issued 573,381 shares of Common Stock, which are part of the CEF Shares included in the Prospectus, to B. Riley Principal Capital II as consideration for its irrevocable commitment to purchase shares of our Common Stock at our election in our sole discretion, from time to time after the date of the Prospectus, upon the terms and subject to the satisfaction of the conditions set forth in the Purchase Agreement.”