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)
View cached copy (2026-08-31)Live source ↗
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
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing defines January 23, 2024 as the Effective Date and describes the new debt, equity and warrants the plan established.
Confirmed in the source:
- The Plan of Reorganization became effective on January 23, 2024 (the Effective Date)
- It established new debt as a secured credit agreement, publicly traded notes, convertible notes, and debt to equipment lenders
- It provided new publicly traded equity and warrants
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000162828024021848/core-20240331.htm) in full (237,819 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
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.”