Warrant value floor guarantee
Company: Cipher Mining
The claim, verbatim
The Company is obligated to ensure the Warrant Shares have a value of at least $430 million on the business day prior to the beginning of the exercise period, or issue additional Warrant Shares and/or make a cash payment to cover any shortfall.
Source (primary)
Cipher Mining 8-K filed 2025-09-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “if, on the business day prior to the beginning of the exercise period under the Warrant Agreement, the value of the Warrant Shares does not equal or exceed $430 million, the Company shall be obligated to issue additional Warrant Shares and/or make a cash payment equal in the aggregate to such shortfall amount on the terms set forth in the Warrant Agreement.”
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 Cipher Mining 8-K filed 2025-09-25
Quote: “if, on the business day prior to the beginning of the exercise period under the Warrant Agreement, the value of the Warrant Shares does not equal or exceed $430 million, the Company shall be obligated to issue additional Warrant Shares and/or make a cash payment equal in the aggregate to such shortfall amount on the terms set forth in the Warrant Agreement.”