Required committed equity facility with B. Riley affiliate
Company: Core Scientific
What the later record shows
Delivered; the record does not say when
The FY2022 10-K describes an Equity Line of Credit whose proceeds are partly applied to repay the Amended Bridge Notes, which fits the required facility. No passage names the B. Riley affiliate, the $150 million size, or when it was signed, so timing against the 60-day deadline cannot be checked.
“As of December 31, 2022 , 56.9 million shares of Common Stock were available to be issued under the Equity Line of Credit.”
2023-04-03 · Core Scientific 10-K filed 2023-04-04 View cached copy (2026-09-13)Live source ↗
“25% of the net cash proceeds received for shares issued under the Equity Line of Credit that is required to be applied by us to repay the outstanding principal amount of the Amended Bridge Notes.”
2023-04-03 · Core Scientific 10-K filed 2023-04-04 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
Must enter into a $150 million committed equity facility with an affiliate of B. Riley Commercial Capital, LLC within 60 days following the closing of the bridge notes
Source (primary)
Core Scientific 8-K filed 2022-04-08 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Notes also require that the Company enter into a $150 million committed equity facility with an affiliate of B. Riley Commercial Capital, LLC prior to the date that is 60 days following the closing of the Notes.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K says the notes require the company to enter into a $150 million committed equity facility with a B. Riley affiliate before the date 60 days after closing. The claim restates that requirement accurately.
Confirmed in the source:
- The bridge notes require Core Scientific to enter into a $150 million committed equity facility
- The equity facility is to be with an affiliate of B. Riley Commercial Capital, LLC
- The facility must be entered into before the date 60 days after the notes close
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312522100532/d324317d8k.htm) in full (5,528 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 8-K filed 2022-04-08
Quote: “The Notes also require that the Company enter into a $150 million committed equity facility with an affiliate of B. Riley Commercial Capital, LLC prior to the date that is 60 days following the closing of the Notes.”
confirms Core Scientific 10-K filed 2023-04-04
Quote: “As of December 31, 2022 , 56.9 million shares of Common Stock were available to be issued under the Equity Line of Credit.”