B. Riley stock purchase agreement
Company: Core Scientific
The claim, verbatim
Core Scientific entered into a Common Stock Purchase Agreement with B. Riley Principal Capital II, LLC on July 20, 2022, granting the Company the right to direct B. Riley to purchase up to $100,000,000 of common stock at the Company's sole discretion over a 24-month period from Commencement (when the registration statement becomes effective).
Source (primary)
Core Scientific 424B3 filed 2022-07-21 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company will have the right to sell to B. Riley, up to $100,000,000 of shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"), subject to certain limitations and conditions set forth in the Purchase Agreement, from time to time during the term of the Purchase Agreement”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states all elements: the July 20, 2022 agreement, the $100 million cap, the Company's discretion over a 24-month period from Commencement, and that Commencement requires the registration statement to be declared effective.
Confirmed in the source:
- Core Scientific entered into a Common Stock Purchase Agreement with B. Riley Principal Capital II, LLC on July 20, 2022
- The Company has the right to sell up to $100,000,000 of common stock to B. Riley
- Sales are at the Company's sole discretion over a 24-month period beginning on the Commencement Date
- Commencement includes the registration statement being declared effective by the SEC
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312522199248/d946431d424b3.htm) in full (26,512 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 424B3 filed 2022-07-21
Quote: “the Company will have the right to sell to B. Riley, up to $100,000,000 of shares of the Company's common stock, par value $0.0001 per share (the "Common Stock"), subject to certain limitations and conditions set forth in the Purchase Agreement, from time to time during the term of the Purchase Agreement”