PIPE Investor Capital Commitment
Company: Cipher Mining
The claim, verbatim
PIPE Investors will subscribe for and purchase 37,500,000 shares of GWAC common stock at $10.00 per share, providing $375 million in cash consideration
Source (primary)
Cipher Mining S-4/A filed 2021-06-15 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “PIPE Investors have agreed to subscribe for and purchase, and GWAC has agreed to issue and sell to the PIPE Investors, an aggregate of 37,500,000 shares GWAC Common Stock at a purchase price of $10.00 per share for consideration comprising payments of cash of $375,000,000”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states the PIPE Investors will purchase 37,500,000 shares at $10.00 per share for $375 million in cash.
Confirmed in the source:
- PIPE Investors agreed to subscribe for and purchase 37,500,000 shares of GWAC common stock
- The purchase price is $10.00 per share
- The consideration comprises cash payments of $375,000,000
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000119312521190374/d127963ds4a.htm) in full (2,271,721 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining S-4/A filed 2021-06-15
Quote: “PIPE Investors have agreed to subscribe for and purchase, and GWAC has agreed to issue and sell to the PIPE Investors, an aggregate of 37,500,000 shares GWAC Common Stock at a purchase price of $10.00 per share for consideration comprising payments of cash of $375,000,000”