B. Riley affiliate bridge promissory note extension
Company: Core Scientific
What the later record shows
Not a promise: a reported event · happened August 1, 2022
The claim reports that the amended $15 million note had been entered into on August 1, 2022. A later 10-Q confirms the August 2022 amendment extending maturity to June 2023.
“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
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
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states that Core Scientific entered into an amended and restated $15 million bridge note with an affiliate of B. Riley, extending maturity to June 1, 2023 at 7% interest.
Confirmed in the source:
- Core Scientific entered into an amended and restated bridge promissory note
- The note's principal amount is $15 million
- The counterparty is an affiliate of B. Riley
- The maturity was extended to June 1, 2023
- The note bears interest at 7% per annum
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312522212620/d385020d424b3.htm) in full (13,514 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
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”