Secured Convertible Notes - $260M, maturing 2029
Company: Core Scientific
The claim, verbatim
Issued $260.0 million aggregate principal amount of secured convertible notes due January 23, 2029, bearing quarterly interest at company's option either 10% per annum in cash or 6% cash plus 6% paid-in-kind
Source (primary)
Core Scientific 8-K/A filed 2024-01-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company issued $260.0 million aggregate principal amount of secured convertible notes due 2029 (the " Secured Convertible Notes ")... The maturity date of the Secured Convertible Notes is January 23, 2029. The Secured Convertible Notes bear interest payable quarterly on March 15, June 15, September 15 and December 15, beginning on June 15, 2024, at the Company's option, (i) in cash at a rate of 10% per annum, or (ii) in cash at a rate of 6% of per annum and in stock at a rate of 6% of per annum”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states the $260 million issuance, the January 23, 2029 maturity, and the quarterly interest options of 10% cash or 6% cash plus 6% in stock, which the filing calls Cash/PIK Interest.
Confirmed in the source:
- Core Scientific issued $260.0 million aggregate principal amount of secured convertible notes
- The notes mature on January 23, 2029
- Interest is payable quarterly
- At the company's option, interest is 10% per annum in cash, or 6% in cash plus 6% in stock
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312524014941/d735123d8ka.htm) in full (67,867 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 8-K/A filed 2024-01-25
Quote: “the Company issued $260.0 million aggregate principal amount of secured convertible notes due 2029 (the " Secured Convertible Notes ")... The maturity date of the Secured Convertible Notes is January 23, 2029. The Secured Convertible Notes bear interest payable quarterly on March 15, June 15, September 15 and December 15, beginning on June 15, 2024, at the Company's option, (i) in cash at a rate of 10% per annum, or (ii) in cash at a rate of 6% of per annum and in stock at a rate of 6% of per annum”