Bridge promissory notes entered into
Company: Core Scientific
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
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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”