Tranche 2 Warrant authorization
Company: Core Scientific
The claim, verbatim
Company authorized issuance of 81,984,644 Tranche 2 Warrants, each exercisable for one share of common stock at $0.01 per share conditional on volume-weighted average price reaching $8.72 per share for 20 consecutive trading days, through January 23, 2029
Source (primary)
Core Scientific SC 13D/A filed 2024-02-21 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “(ii) an aggregate of 81,984,644 warrants, each exercisable for one share of New Common Stock (the " Tranche 2 Warrants ")...Each whole Tranche 2 Warrant entitles the registered holder to purchase one whole share of New Common Stock at an exercise price of $0.01 per share at any time following the time the volume weighted average price per share of New Common Stock equals or exceeds $8.72 per share on each trading day for 20 consecutive trading days...The Tranche 2 Warrants expire on January 23, 2029”
How we checked this
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Additional evidence
confirms Core Scientific SC 13D/A filed 2024-02-21
Quote: “(ii) an aggregate of 81,984,644 warrants, each exercisable for one share of New Common Stock (the " Tranche 2 Warrants ")...Each whole Tranche 2 Warrant entitles the registered holder to purchase one whole share of New Common Stock at an exercise price of $0.01 per share at any time following the time the volume weighted average price per share of New Common Stock equals or exceeds $8.72 per share on each trading day for 20 consecutive trading days...The Tranche 2 Warrants expire on January 23, 2029”