Minimum net tangible assets threshold
Company: Cipher Mining
The claim, verbatim
Will not redeem public shares in amounts that would reduce net tangible assets below $5,000,001
Source (primary)
Cipher Mining 10-K/A filed 2021-06-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “in no event will we redeem our public shares in an amount that would cause our net tangible assets to be less than $5,000,001 both immediately before and after the consummation of our initial business combination”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document repeatedly states this net tangible assets floor.
Confirmed in the source:
- Good Works will not redeem public shares in an amount that would cause net tangible assets to fall below $5,000,001
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000121390021032312/f10k2020a2_goodworks.htm) in full (247,410 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 10-K/A filed 2021-06-14
Quote: “in no event will we redeem our public shares in an amount that would cause our net tangible assets to be less than $5,000,001 both immediately before and after the consummation of our initial business combination”