Minimum merger financing requirement
Company: Cipher Mining
The claim, verbatim
Merger closing is conditional upon combined cash proceeds from Good Works trust account and PIPE Financing equaling at least $400,000,000 after deducting redemptions and transaction expenses.
Source (primary)
Cipher Mining 10-Q/A filed 2021-06-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the aggregate cash proceeds from Good Works trust account, together with the proceeds from the PIPE Financing, equaling no less than $400,000,000 (after deducting any amounts paid to Good Works stockholders that exercise their redemption rights in connection with the Business Combination and net of unpaid transaction expenses)”
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 Cipher Mining 10-Q/A filed 2021-06-14
Quote: “the aggregate cash proceeds from Good Works trust account, together with the proceeds from the PIPE Financing, equaling no less than $400,000,000 (after deducting any amounts paid to Good Works stockholders that exercise their redemption rights in connection with the Business Combination and net of unpaid transaction expenses)”