secwatch.observer — SEC 8-K summary
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Issuer:     Core Scientific, Inc./tx (CORZ)
CIK:        0001839341
Form:       8-K
Filed at:   2024-01-17T23:59:59+00:00
Accession:  0001193125-24-008952
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1839341/000119312524008952/0001193125-24-008952-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1839341/000119312524008952/d598371d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-008952

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