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
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states the 39,596,000-share maximum and the 63.3536 maximum conversion rate it is based on.
Confirmed in the source:
- Initially, a maximum of 39,596,000 shares of Common Stock may be issued upon conversion of the Notes
- This maximum is based on an initial maximum conversion rate of 63.3536 shares per $1,000 principal amount
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: “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.”