Initial conversion price of convertible notes
Company: Core Scientific
The claim, verbatim
Initial conversion rate is 44.4587 shares of Common Stock per $1,000 principal amount, representing an initial conversion price of approximately $22.49 per share
Source (primary)
Core Scientific 8-K filed 2024-12-05 (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 equivalent initial conversion price.
Confirmed in the source:
- Initial conversion rate of 44.4587 shares of Common Stock per $1,000 principal amount
- 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/1839341/000162828024050080/core-20241202.htm) in full (15,073 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 8-K filed 2024-12-05
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.”