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
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states each of these terms for the Tranche 2 Warrants. It also notes that the trigger price is subject to adjustment and that expiry can come earlier on certain events.
Confirmed in the source:
- The company was authorized to issue 81,984,644 Tranche 2 Warrants
- Each Tranche 2 Warrant is exercisable for one share of new common stock at $0.01 per share
- Exercise is conditional on the VWAP equaling or exceeding $8.72 per share on each trading day for 20 consecutive trading days
- Tranche 2 Warrants expire on January 23, 2029
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312524041535/d791854dsc13da.htm) in full (16,139 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
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”