Bridge promissory notes entered into
Company: Core Scientific
What the later record shows
Not a promise: a reported event · happened August 1, 2022
The claim reports that the $75 million in amended bridge notes had been entered into on August 1, 2022. Later filings confirm the August 2022 amendment and the June 2023 maturity.
“In August 2022, the Company amended the Bridge Notes to, among other things, extend the maturity date to June 2023”
2022-11-21 · Core Scientific 10-Q filed 2022-11-22 View cached copy (2026-09-13)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
On August 1, 2022, Core Scientific entered into amended and restated bridge promissory notes totaling $75 million ($60 million with B. Riley Commercial Capital, LLC and $15 million with BRF Finance Co, LLC) maturing June 1, 2023, bearing interest at 7% per annum
Source (primary)
Core Scientific 8-K filed 2022-08-04 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On August 1, 2022, Core Scientific, Inc. (the "Company") entered into two amended and restated bridge promissory notes, one in an aggregate principal amount of $60 million with B. Riley Commercial Capital, LLC ("B. Riley") and one in an aggregate principal amount of $15 million with an affiliate of B. Riley (the "Notes"). The Notes amend the original notes having identical principal amounts to extend the maturity date from December 7, 2022 to June 1, 2023. The Notes bear interest at a rate of 7% per annum”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing states both note amounts, the maturity date and the interest rate. Its exhibit list names BRF Finance Co, LLC as the counterparty on the $15 million note.
Confirmed in the source:
- On August 1, 2022, Core Scientific entered into two amended and restated bridge promissory notes
- One note has a principal amount of $60 million with B. Riley Commercial Capital, LLC
- The other note has a principal amount of $15 million with BRF Finance Co, LLC, an affiliate of B. Riley (named as counterparty in Exhibit 10.2)
- The two notes total $75 million in principal
- The notes' maturity date is June 1, 2023
- The notes bear interest at 7% per annum
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312522212538/d373174d8k.htm) in full (7,649 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 8-K filed 2022-08-04
Quote: “On August 1, 2022, Core Scientific, Inc. (the "Company") entered into two amended and restated bridge promissory notes, one in an aggregate principal amount of $60 million with B. Riley Commercial Capital, LLC ("B. Riley") and one in an aggregate principal amount of $15 million with an affiliate of B. Riley (the "Notes"). The Notes amend the original notes having identical principal amounts to extend the maturity date from December 7, 2022 to June 1, 2023. The Notes bear interest at a rate of 7% per annum”