Secured convertible notes maturity
Company: Core Scientific
What the later record shows
Outcome not yet confirmed
Under the Plan of Reorganization, holders of the April convertible notes were issued new secured convertible notes due January 23, 2029, so the April 2025 maturity no longer applied.
“The Secured Convertible Notes were issued to holders of the Company’s April Convertible Notes and August Convertible Notes. The maturity date of the Secured Convertible Notes is January 23, 2029.”
2024-01-24 · Core Scientific 8-K/A filed 2024-01-25 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Core Scientific's secured convertible notes have a maturity date of April 2025, bearing interest at 10% per annum (4% cash, 6% in kind), convertible at $8.00 per share.
Source (primary)
Core Scientific SC 13D filed 2023-11-27 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The secured convertible notes have a maturity date of April 2025 and bear interest at a rate of 10% per annum, of which 4% is payable in cash and 6% is payable in kind. The convertible notes are convertible into shares of Common Stock at the option of the holder at a conversion price equal to $8.00 per share.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
BlackRock's Schedule 13D states the maturity date, interest rate and cash/in-kind split, and $8.00 conversion price. It gives these terms for the August 2021 secured convertible notes held by BlackRock-managed funds.
Confirmed in the source:
- Core Scientific's secured convertible notes have a maturity date of April 2025
- The notes bear interest at 10% per annum
- Of the 10% interest, 4% is payable in cash and 6% is payable in kind
- The notes are convertible into common stock at $8.00 per share
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312523283366/d75665dsc13d.htm) in full (30,890 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific SC 13D filed 2023-11-27
Quote: “The secured convertible notes have a maturity date of April 2025 and bear interest at a rate of 10% per annum, of which 4% is payable in cash and 6% is payable in kind. The convertible notes are convertible into shares of Common Stock at the option of the holder at a conversion price equal to $8.00 per share.”