SoftBank equity investment via PIPE transaction
Company: Cipher Mining
The claim, verbatim
On January 30, 2025, Cipher entered into a subscription agreement with Star Beacon LLC (a SoftBank subsidiary) to issue and sell approximately 10,438,413 shares of common stock at $4.79 per share for an aggregate purchase price of approximately $50 million
Source (primary)
Cipher Mining 8-K filed 2025-01-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On January 30, 2025 (the "Issuance Date"), Cipher Mining Inc. (the "Company" or "Cipher") entered into a subscription agreement (the "Subscription Agreement") with Star Beacon LLC, a wholly owned subsidiary of SoftBank Group Corp. ("SoftBank"), pursuant to which, among other things, SoftBank agreed to subscribe for and purchase from the Company, and the Company agreed to issue and sell to SoftBank, an aggregate of approximately 10,438,413 newly issued shares of the Company's common stock, par value $0.001 ("Common Stock"), at a per share purchase price of $4.79 for an aggregate purchase price of approximately $50 million”
How we checked this
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Additional evidence
confirms Cipher Mining 8-K filed 2025-01-30
Quote: “On January 30, 2025 (the "Issuance Date"), Cipher Mining Inc. (the "Company" or "Cipher") entered into a subscription agreement (the "Subscription Agreement") with Star Beacon LLC, a wholly owned subsidiary of SoftBank Group Corp. ("SoftBank"), pursuant to which, among other things, SoftBank agreed to subscribe for and purchase from the Company, and the Company agreed to issue and sell to SoftBank, an aggregate of approximately 10,438,413 newly issued shares of the Company's common stock, par value $0.001 ("Common Stock"), at a per share purchase price of $4.79 for an aggregate purchase price of approximately $50 million”