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
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.”