Convertible note mandatory conversion eliminating debt
Company: Core Scientific
The claim, verbatim
Stock price appreciation triggered mandatory conversion of convertible notes, eliminating $260 million in debt
Source (primary)
December 2024 Convertible Note Presentation (IR page (investors.corescientific.com), ir_presentation)
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Quote: “Stock price appreciation triggered mandatory conversion of our convertible notes, eliminating $260 million in debt”
How we checked this
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Additional evidence
confirms December 2024 Convertible Note Presentation
Quote: “Stock price appreciation triggered mandatory conversion of our convertible notes, eliminating $260 million in debt”