Global Plan Settlement agreement in principle
Company: Core Scientific
The claim, verbatim
Core Scientific and various stakeholders (Creditors' Committee, Ad Hoc Noteholder Group, Equity Committee, Equity Committee Members, and B. Riley) reached an agreement in principle regarding a global settlement of Plan issues, with parties to continue negotiating in good faith to document the settlement and revise the Plan and Disclosure Statement
Source (primary)
Core Scientific 8-K filed 2023-12-21 (SEC EDGAR, sec_filing)
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Quote: “the Debtors, the Creditors' Committee, the ad hoc group of the Debtors' secured convertible notes holders (the " Ad Hoc Noteholder Group "), the equity committee (the " Equity Committee "), the members of the Equity Committee, other than Foundry Digital LLC (the " Equity Committee Members ") and B. Riley Commercial Capital, LLC and BRF Finance Co., LLC (and any assignees thereof) (collectively, " B. Riley ") reached an agreement in principle with respect to the terms of a global settlement of Plan issues between such parties”
How we checked this
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Additional evidence
confirms Core Scientific 8-K filed 2023-12-21
Quote: “the Debtors, the Creditors' Committee, the ad hoc group of the Debtors' secured convertible notes holders (the " Ad Hoc Noteholder Group "), the equity committee (the " Equity Committee "), the members of the Equity Committee, other than Foundry Digital LLC (the " Equity Committee Members ") and B. Riley Commercial Capital, LLC and BRF Finance Co., LLC (and any assignees thereof) (collectively, " B. Riley ") reached an agreement in principle with respect to the terms of a global settlement of Plan issues between such parties”