---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-008952"
form_type: "8-K"
ticker: "CORZ"
cik: "0001839341"
company_name: "Core Scientific, Inc./tx"
filed_at: "2024-01-17T23:59:59+00:00"
generated_at: "2026-06-06T22:41:53.431478+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Core Scientific's Chapter 11 plan confirmed by bankruptcy court; to issue ~166M new shares and list on Nasdaq

## Summary
- Bankruptcy Court entered confirmation order on Jan 16, 2024 for Fourth Amended Joint Chapter 11 Plan.
- Existing common stock (388M shares) cancelled; ~166M new common shares to be issued upon emergence.
- Holders of General Unsecured Claims receive New Common Stock at 100% of claim value plus additional equity and contingent payments.
- Miner Equipment Lenders may elect New Common Stock or Miner Equipment Lender Takeback Debt.
- Company intends to list new common stock on the Nasdaq Global Market.

## SEC filing metadata
- accession: 0001193125-24-008952
- form_type: 8-K
- ticker: CORZ
- cik: 0001839341
- company_name: Core Scientific, Inc./tx
- filed_at: 2024-01-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839341/000119312524008952/0001193125-24-008952-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839341/000119312524008952/d598371d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-008952
- JSON: https://secwatch.observer/filing/0001193125-24-008952.json
- Plain text: https://secwatch.observer/filing/0001193125-24-008952.txt

## Key facts
- Distress & Bankruptcy
  Core Scientific, Inc./tx entered chapter 11 in United States Bankruptcy Court for the Southern District of Texas (petition 2022-12-21).
  - Proceeding: chapter 11
  - Court: United States Bankruptcy Court for the Southern District of Texas
  - Petition: 2022-12-21
  source text: On December 21, 2022, Core Scientific, Inc. (the “ Company ”) and certain of its affiliates (collectively, the “ Debtors ”) filed voluntary petitions (the “ Chapter 11 Cases ”) in the United States Bankruptcy Court for the Southern District of Texas (the “ Bankruptcy Court ”) seeking relief under Chapter 11 of Title 11 of the United States Code (the “ Bankruptcy Code ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1839341/000119312524008952/0001193125-24-008952-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.