- Core Scientific (NASDAQ:CORZ) has announced the satisfaction of the “TEV Triggering Event” pursuant to the Warrant Agreement among the Company, Computershare, and its affiliate Computershare Trust Co., acting as Warrant Agent.
- As a result, the tranche 2 warrants (CORZZ) are exercisable at the option of the holder until expiration on January 23, 2029.
- The tranche 2 warrants became exercisable as of the close of trading on July 11, 2024, when the daily volume weighted average trading price of the Co.’s common stock exceeded $8.72/share for 20 consecutive trading days.
- ~81.93M tranche 2 warrants, each exercisable into 1 share of Company common stock at an exercise price of $.01/share, are currently outstanding.
- “By executing our diversification strategy for HPC hosting and bitcoin mining, we believe we remain on a path toward even greater value creation.” said Adam Sullivan, CEO.
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