Business Combination completion
Company: Core Scientific
The claim, verbatim
Business Combination was effected through three mergers: First Merger (Merger Sub with Legacy Core) on January 19, 2022; Second Merger (Legacy Core with XPDI) on January 20, 2022; Third Merger (Blockcap with Merger Sub 3) following January 20, 2022.
Source (primary)
Core Scientific DEF 14A filed 2022-04-08 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “the Business Combination (as defined below) was effected by (i) the merger of Merger Sub with and into Legacy Core (the "First Merger"), which occurred on January 19, 2022, with Legacy Core surviving the First Merger as a wholly owned subsidiary of XPDI, (ii) the merger of Legacy Core with and into XPDI (the "Second Merger"), which occurred on January 20, 2022, with XPDI surviving the Second Merger, and (iii) following the closing of the Second Merger on January 20, 2022, the merger of Blockcap with and into Merger Sub 3”
How we checked this
Checked on September 29, 2026. The cited source supports every part of this claim.
The proxy statement describes all three mergers, their parties, and their dates exactly as stated.
Confirmed in the source:
- The Business Combination was effected through three mergers
- The First Merger was the merger of Merger Sub with and into Legacy Core, occurring on January 19, 2022
- The Second Merger was the merger of Legacy Core with and into XPDI, occurring on January 20, 2022
- The Third Merger was the merger of Blockcap with and into Merger Sub 3, following the closing of the Second Merger on January 20, 2022
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312522099109/d316481ddef14a.htm) in full (191,075 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific DEF 14A filed 2022-04-08
Quote: “the Business Combination (as defined below) was effected by (i) the merger of Merger Sub with and into Legacy Core (the "First Merger"), which occurred on January 19, 2022, with Legacy Core surviving the First Merger as a wholly owned subsidiary of XPDI, (ii) the merger of Legacy Core with and into XPDI (the "Second Merger"), which occurred on January 20, 2022, with XPDI surviving the Second Merger, and (iii) following the closing of the Second Merger on January 20, 2022, the merger of Blockcap with and into Merger Sub 3”