Maximum shares issuable upon conversion
Company: Core Scientific
The claim, verbatim
Maximum of 39,596,000 shares of Common Stock may be issued upon conversion of the Notes based on initial maximum conversion rate of 63.3536 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: “Initially, a maximum of 39,596,000 shares of Common Stock may be issued upon conversion of the Notes based on the initial maximum conversion rate of 63.3536 shares of Common Stock per $1,000 principal amount of Notes, which is subject to customary anti-dilution adjustment provisions.”
How we checked this
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Additional evidence
confirms Core Scientific 424B3 filed 2024-12-06
Quote: “Initially, a maximum of 39,596,000 shares of Common Stock may be issued upon conversion of the Notes based on the initial maximum conversion rate of 63.3536 shares of Common Stock per $1,000 principal amount of Notes, which is subject to customary anti-dilution adjustment provisions.”