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Warrant issuance with specific exercise prices and expiration dates

Company: Core Scientific

Subject kind
financing
Statement date
2024-02-19
Current status
stated

The claim, verbatim

Core Scientific issued Tranche 1 Warrants exercisable at $6.81 per share expiring January 23, 2027, and Tranche 2 Warrants exercisable at $0.01 per share contingent on stock price reaching $8.72 for 20 consecutive trading days, expiring January 23, 2029

Source (primary)

Core Scientific SC 13D/A filed 2024-02-20 (SEC EDGAR, sec_filing)
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Quote: “Each whole Tranche 1 Warrant entitles the registered holder to purchase one whole share of New Common Stock at an exercise price of $6.81 per share. 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 1 Warrants expire on January 23, 2027, and the Tranche 2 Warrants expire on January 23, 2029.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms Core Scientific SC 13D/A filed 2024-02-20

Quote: “Each whole Tranche 1 Warrant entitles the registered holder to purchase one whole share of New Common Stock at an exercise price of $6.81 per share. 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 1 Warrants expire on January 23, 2027, and the Tranche 2 Warrants expire on January 23, 2029.”

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