Mandatory conversion of convertible notes
Company: Core Scientific
The claim, verbatim
Mandatory conversion of the convertible notes was triggered in July 2024, with $233.6 million of notes equitized for about 40.1 million shares of new common stock.
Source (primary)
Second Quarter Fiscal Year 2024 Earnings Presentation (IR page (investors.corescientific.com), ir_presentation)
View cached copy (2026-11-06)Live source ↗Archive.org ↗
Quote: “July 2024 -- $$233.6M of Convertible Notes equitized for ~40.1M shares of New Common Stock”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Second Quarter Fiscal Year 2024 Earnings Presentation
Quote: “July 2024 -- $$233.6M of Convertible Notes equitized for ~40.1M shares of New Common Stock”