Post-Emergence Capital Structure from Plan of Reorganization
Company: Core Scientific
The claim, verbatim
Effective January 23, 2024, Plan of Reorganization established new debt structure including secured credit agreement, publicly traded notes, convertible notes, and equipment lender debt, along with new equity and warrants
Source (primary)
Core Scientific 10-Q filed 2024-05-09 (SEC EDGAR, sec_filing)
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Quote: “The Plan of Reorganization at the Effective Date (i) eliminated substantial debt and debt service, (ii) established new debt in the form of a secured credit agreement, publicly traded notes and convertible notes, and debt to equipment lenders secured by mining machines, and (iii) new publicly traded equity and warrants.”
How we checked this
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Additional evidence
confirms Core Scientific 10-Q filed 2024-05-09
Quote: “The Plan of Reorganization at the Effective Date (i) eliminated substantial debt and debt service, (ii) established new debt in the form of a secured credit agreement, publicly traded notes and convertible notes, and debt to equipment lenders secured by mining machines, and (iii) new publicly traded equity and warrants.”