XPDI to acquire Core Scientific
Company: Core Scientific
The claim, verbatim
Power & Digital Infrastructure Acquisition Corp. (XPDI) will acquire Core Scientific Holding Co. for $4.0 billion in an all-stock merger, with each share of Core Scientific common stock converted into Class A Common Stock.
Source (primary)
Core Scientific DEFM14A filed 2022-01-03 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “each share of Core Scientific common stock, $0.00001 per share ("Core Scientific common stock"), issued and outstanding immediately prior to the effective time of the merger (the "Effective Time") will be cancelled in exchange for the right to receive a number of shares of Class A common stock, par value $0.0001 per share, of XPDI (the "Class A Common Stock") that is equal to the quotient obtained by dividing (a) an amount equal to (x) $4.0 billion, divided by (y) the number of shares of Core Scientific common stock outstanding immediately prior to the Effective Time on a fully-diluted basis, by (b) $10.00.”
How we checked this
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Additional evidence
confirms Core Scientific DEFM14A filed 2022-01-03
Quote: “each share of Core Scientific common stock, $0.00001 per share ("Core Scientific common stock"), issued and outstanding immediately prior to the effective time of the merger (the "Effective Time") will be cancelled in exchange for the right to receive a number of shares of Class A common stock, par value $0.0001 per share, of XPDI (the "Class A Common Stock") that is equal to the quotient obtained by dividing (a) an amount equal to (x) $4.0 billion, divided by (y) the number of shares of Core Scientific common stock outstanding immediately prior to the Effective Time on a fully-diluted basis, by (b) $10.00.”