Initial conversion price of convertible notes
Company: Core Scientific
The claim, verbatim
Initial conversion price of approximately $22.49 per share of Common Stock, based on an initial conversion rate of 44.4587 shares per $1,000 principal amount
Source (primary)
Core Scientific 424B3 filed 2024-12-06 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The initial conversion rate is 44.4587 shares of Common Stock per $1,000 principal amount of Notes, which represents an initial conversion price of approximately $22.49 per share of Common Stock.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states both the initial conversion rate and the resulting conversion price.
Confirmed in the source:
- The initial conversion rate is 44.4587 shares of Common Stock per $1,000 principal amount
- This represents an initial conversion price of approximately $22.49 per share
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000162828024050176/prospectussupplement120220.htm) in full (17,724 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 424B3 filed 2024-12-06
Quote: “The initial conversion rate is 44.4587 shares of Common Stock per $1,000 principal amount of Notes, which represents an initial conversion price of approximately $22.49 per share of Common Stock.”