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Acquisition of Radar Relay Inc by Blockcap

Company: Core Scientific

Subject kind
acquisition
Statement date
2022-03-29
Promised amount
65.0 USD
Current status
stated

The claim, verbatim

Blockcap purchased Radar Relay, Inc. on July 1, 2021 for estimated consideration of $65.0 million in common shares

Source (primary)

Core Scientific 10-K filed 2022-03-30 (SEC EDGAR, sec_filing)
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Quote: “Blockcap purchased Radar Relay, Inc. ("RADAR") on July 1, 2021. An early stage company, RADAR is focused on technology enhancement and development in the digital asset industry. The estimated consideration for the acquisition $65.0 million consisted of the issuance of 5,996,311 Blockcap common shares, subject to post-closing adjustments.”

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 Core Scientific 10-K filed 2022-03-30

Quote: “Blockcap purchased Radar Relay, Inc. ("RADAR") on July 1, 2021. An early stage company, RADAR is focused on technology enhancement and development in the digital asset industry. The estimated consideration for the acquisition $65.0 million consisted of the issuance of 5,996,311 Blockcap common shares, subject to post-closing adjustments.”

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