Secured Convertible Notes conversion price
Company: Core Scientific
The claim, verbatim
Secured Convertible Notes convertible into New Common Stock at conversion price of $5.8317 per share, equivalent to 171.48 shares per $1,000 principal amount
Source (primary)
Core Scientific 8-K/A filed 2024-01-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Holders may elect to convert the Secured Convertible Notes into shares of New Common Stock at any time prior to maturity at an initial conversion rate of 171.48 shares of New Common Stock per $1,000 principal amount of Secured Convertible Notes (equal to a conversion price of $5.8317 per share of New Common Stock)”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states both the conversion rate and the equivalent conversion price.
Confirmed in the source:
- The Secured Convertible Notes are convertible into New Common Stock
- The initial conversion rate is 171.48 shares per $1,000 principal amount
- This equals a conversion price of $5.8317 per share
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: “Holders may elect to convert the Secured Convertible Notes into shares of New Common Stock at any time prior to maturity at an initial conversion rate of 171.48 shares of New Common Stock per $1,000 principal amount of Secured Convertible Notes (equal to a conversion price of $5.8317 per share of New Common Stock)”