Business Combination - XPDI and Legacy Core Scientific merger
Company: Core Scientific
The claim, verbatim
XPDI completed Business Combination with Legacy Core Scientific Holding Co. on January 19-20, 2022, resulting in XPDI renamed to Core Scientific, Inc.
Source (primary)
Core Scientific 10-K filed 2022-03-30 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Business Combination was effected by (i) the merger of Merger Sub with and into Legacy Core (the "First Merger"), which occurred on January 19, 2022 (the "Closing Date"), with Legacy Core surviving the First Merger as a wholly owned subsidiary of XPDI, (ii) the merger of Legacy Core with and into XPDI (the "Second Merger"), which occurred on January 20, 2022”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The filing describes the First Merger on January 19, 2022, the Second Merger on January 20, 2022, and XPDI's renaming to Core Scientific, Inc.
Confirmed in the source:
- XPDI's Business Combination with Legacy Core (Core Scientific Holding Co.) was effected through a First Merger on January 19, 2022 and a Second Merger on January 20, 2022
- XPDI changed its name from Power & Digital Infrastructure Acquisition Corp. to Core Scientific, Inc. in connection with the Business Combination
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312522088850/d268076d10k.htm) in full (452,768 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 10-K filed 2022-03-30
Quote: “the Business Combination was effected by (i) the merger of Merger Sub with and into Legacy Core (the "First Merger"), which occurred on January 19, 2022 (the "Closing Date"), with Legacy Core surviving the First Merger as a wholly owned subsidiary of XPDI, (ii) the merger of Legacy Core with and into XPDI (the "Second Merger"), which occurred on January 20, 2022”
confirms Core Scientific 10-K filed 2022-03-30
Quote: “the merger of Merger Sub with and into Legacy Core (the "First Merger"), which occurred on January 19, 2022 (the "Closing Date")... the merger of Legacy Core with and into XPDI (the "Second Merger"), which occurred on January 20, 2022”