Cipher Mining Inc. formed through merger of Good Works and Cipher Mining Technologies Inc.
Company: Cipher Mining
The claim, verbatim
Cipher Mining Inc. was formed through a Business Combination merger on August 27, 2021, wherein Good Works Acquisition Corp. merged with Cipher Mining Technologies Inc., with Old Cipher Common Stock converted at a ratio of 400,000 shares of Cipher Mining Common Stock per Old Cipher share
Source (primary)
Cipher Mining SC 13D filed 2021-09-23 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On August 27, 2021, as contemplated by the Merger Agreement, Merger Sub merged with and into Old Cipher, the separate corporate existence of Merger Sub ceasing and Old Cipher being the surviving corporation and a wholly owned subsidiary of Cipher Mining (the "Merger" and, together with the other transactions contemplated by the Merger Agreement, the "Business Combination"). As a result of and upon the consummation of the Business Combination...each issued and outstanding share of common stock of Old Cipher, par value $0.001 per share ("Old Cipher Common Stock") was converted into 400,000 shares of Common Stock.”
How we checked this
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Additional evidence
confirms Cipher Mining SC 13D filed 2021-09-23
Quote: “On August 27, 2021, as contemplated by the Merger Agreement, Merger Sub merged with and into Old Cipher, the separate corporate existence of Merger Sub ceasing and Old Cipher being the surviving corporation and a wholly owned subsidiary of Cipher Mining (the "Merger" and, together with the other transactions contemplated by the Merger Agreement, the "Business Combination"). As a result of and upon the consummation of the Business Combination...each issued and outstanding share of common stock of Old Cipher, par value $0.001 per share ("Old Cipher Common Stock") was converted into 400,000 shares of Common Stock.”