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B. Riley advisory fee in equity

Company: Core Scientific

Subject kind
financing
Statement date
2022-08-03
Promised amount
750000.0 USD
Current status
stated

The claim, verbatim

Core Scientific agreed to pay B. Riley Securities, Inc. an advisory fee of $750,000 payable in common stock, and issued 386,697 shares of Common Stock on August 1, 2022 in satisfaction of this fee

Source (primary)

Core Scientific 424B3 filed 2022-08-04 (SEC EDGAR, sec_filing)
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Quote: “In connection with the execution of the Notes, the Company agreed to pay B. Riley Securities, Inc. ("BRS") an advisory fee of $750,000 (the "Advisory Fee") payable in fully paid and non-assessable shares of the Company's common stock... On August 1, 2022, the Company issued 386,697 shares of Common Stock to BRS in satisfaction of the Advisory Fee.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Core Scientific 424B3 filed 2022-08-04

Quote: “In connection with the execution of the Notes, the Company agreed to pay B. Riley Securities, Inc. ("BRS") an advisory fee of $750,000 (the "Advisory Fee") payable in fully paid and non-assessable shares of the Company's common stock... On August 1, 2022, the Company issued 386,697 shares of Common Stock to BRS in satisfaction of the Advisory Fee.”

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