Mandatory conversion trigger met
Company: Core Scientific
The claim, verbatim
The notes' mandatory conversion feature was triggered as of July 5, 2024, after the common stock's VWAP exceeded the Indenture threshold for the 20th consecutive trading day.
Source (primary)
core-scientific 8-K exhibit (finalcorzconversionpressre.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-01)Live source ↗
Quote: “The mandatory conversion feature of the Notes was triggered as of July 5, 2024, when the trading price of the Company's common stock on a daily volume weighted average basis ("VWAP") exceeded the applicable threshold specified in the Indenture for the 20th consecutive trading day.”
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 8-K exhibit (finalcorzconversionpressre.htm)
Quote: “The mandatory conversion feature of the Notes was triggered as of July 5, 2024, when the trading price of the Company's common stock on a daily volume weighted average basis ("VWAP") exceeded the applicable threshold specified in the Indenture for the 20th consecutive trading day.”