Convertible notes conversion terms
Company: Core Scientific
The claim, verbatim
The $260 million new secured convertible notes are optionally convertible at $5.83 per share and mandatorily convert at $7.79 per share based on 20-day VWAP.
Source (primary)
core-scientific 8-K exhibit (finalcorzfy2023earningsp.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-09)Live source ↗
Quote: “Mandatory conversion at $7.79”
How we checked this
Checked on November 10, 2026. The cited source supports every part of this claim.
The debt terms and de-levering slides show $260 million of new secured convertible notes with optional conversion at $5.83 and mandatory conversion at $7.79, based on 20-consecutive-trading-day VWAP.
Confirmed in the source:
- The new secured convertible notes total $260 million
- The notes are optionally convertible at $5.83 per share
- The notes mandatorily convert at $7.79 per share
- Mandatory conversion is based on CORZ stock VWAP over 20 consecutive trading days
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1839341/000162828024010544/finalcorzfy2023earningsp.htm) in full (18,367 characters, retrieved November 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms core-scientific 8-K exhibit (finalcorzfy2023earningsp.htm)
Quote: “Mandatory conversion at $7.79”