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)
View cached copy (2026-08-31)Live source ↗
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
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states that on the effective date the old common stock was canceled and new organizational documents authorizing $0.00001 par value shares took effect.
Confirmed in the source:
- On the January 23, 2024 effective date, Core Scientific's common stock outstanding immediately before that date was canceled
- New organizational documents became effective on that date
- The new documents authorize issuance of new common stock with par value $0.00001 per share
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312524015411/d545166dsc13da.htm) in full (13,263 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
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”