Backstop commitment for Equity Rights Offering
Company: Core Scientific
The claim, verbatim
Commitment parties agreed to backstop $37.1 million of the Equity Rights Offering with 20% premium in common stock
Source (primary)
Core Scientific 8-K filed 2023-11-22 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Commitment Parties have agreed to severally and not jointly backstop $37.1 million of the Equity Rights Offering (the 'Backstop Commitment')”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The filing states the $37.1 million backstop and a premium of 20% of the commitment, payable in reorganized-company common stock.
Confirmed in the source:
- Commitment Parties agreed to backstop $37.1 million of the Equity Rights Offering
- The backstop premium equals 20% of the Backstop Commitment
- The premium is paid in common stock of the reorganized company
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000119312523282336/d557673d8k.htm) in full (29,507 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 8-K filed 2023-11-22
Quote: “the Commitment Parties have agreed to severally and not jointly backstop $37.1 million of the Equity Rights Offering (the 'Backstop Commitment')”