Maximum shares issuable upon conversion of notes
Company: Core Scientific
The claim, verbatim
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 per $1,000 principal amount
Source (primary)
Core Scientific 8-K filed 2024-12-05 (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 initial maximum share count and the maximum conversion rate it is based on.
Confirmed in the source:
- A maximum of 39,596,000 shares of Common Stock may initially be issued upon conversion
- This 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/1839341/000162828024050080/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: “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.”