B. Riley affiliate bridge promissory note extension
Company: Core Scientific
The claim, verbatim
Core Scientific entered into an amended and restated bridge promissory note in principal amount of $15 million with an affiliate of B. Riley, with maturity extended to June 1, 2023, bearing interest at 7% per annum
Source (primary)
Core Scientific 424B3 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 424B3 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”