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RADAR acquisition by Blockcap

Company: Core Scientific

Subject kind
acquisition
Statement date
2022-03-29
Promised amount
65.0 USD
Current status
stated

The claim, verbatim

Blockcap acquired Radar Relay, Inc. (RADAR), an early-stage digital asset technology company, for estimated consideration of $65.0 million consisting of the issuance of 5,996,311 Blockcap common shares.

Source (primary)

Core Scientific 10-K filed 2022-03-30 (SEC EDGAR, sec_filing)
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Quote: “Blockcap purchased Radar Relay, Inc. ("RADAR") on July 1, 2021... The estimated consideration for the acquisition $65.0 million consisted of the issuance of 5,996,311 Blockcap common shares, subject to post-closing adjustments.”

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 10-K filed 2022-03-30

Quote: “Blockcap purchased Radar Relay, Inc. ("RADAR") on July 1, 2021... The estimated consideration for the acquisition $65.0 million consisted of the issuance of 5,996,311 Blockcap common shares, subject to post-closing adjustments.”

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