Business combination marketing fee payable to I-Bankers Securities
Company: Cipher Mining
The claim, verbatim
Up to $7,650,000 in business combination marketing fees payable to I-Bankers Securities, Inc.
Source (primary)
Cipher Mining 10-K filed 2021-02-17 (SEC EDGAR, sec_filing)
View cached copy (2026-09-27)Live source ↗
Quote: “This amount includes up to $7,650,000 of a business combination marketing fee payable to I-Bankers Securities, Inc.”
How we checked this
Checked on September 29, 2026. The cited source supports every part of this claim.
The 10-K states that the available funds include up to $7,650,000 of a business combination marketing fee payable to I-Bankers Securities, Inc., consistent with its stated fee of 4.5% of IPO gross proceeds.
Confirmed in the source:
- A business combination marketing fee of up to $7,650,000 is payable to I-Bankers Securities, Inc.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1819989/000121390021009990/f10k2020_goodworksacq.htm) in full (347,465 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Cipher Mining 10-K filed 2021-02-17
Quote: “This amount includes up to $7,650,000 of a business combination marketing fee payable to I-Bankers Securities, Inc.”