GUC contingent payment obligation extinguished
Company: Core Scientific
The claim, verbatim
On July 1, 2024, the general unsecured creditor contingent payment obligation under the Chapter 11 Plan was extinguished after the stock's VWAP exceeded the threshold for 20 trading days within a 30-trading-day period.
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: “on July 1, 2024, the general unsecured creditor contingent payment obligation set forth in the Company's Fourth Amended Joint Chapter 11 Plan was extinguished”
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: “on July 1, 2024, the general unsecured creditor contingent payment obligation set forth in the Company's Fourth Amended Joint Chapter 11 Plan was extinguished”