Stock cancelation and restructuring
Company: Core Scientific
The claim, verbatim
Upon emergence from bankruptcy on January 23, 2024, all pre-bankruptcy common stock was canceled and new organizational documents became effective authorizing issuance of new common shares with par value $0.00001 per share
Source (primary)
Core Scientific SC 13D/A filed 2024-01-25 (SEC EDGAR, sec_filing)
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Quote: “the Issuer's common stock outstanding immediately before the Effective Date was canceled and is of no further force or effect, and the new organizational documents of the Company became effective, authorizing the issuance of new shares of common stock, par value $0.00001 per share”
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 2024-01-25
Quote: “the Issuer's common stock outstanding immediately before the Effective Date was canceled and is of no further force or effect, and the new organizational documents of the Company became effective, authorizing the issuance of new shares of common stock, par value $0.00001 per share”