---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-037702"
form_type: "8-K"
ticker: "CORZ"
cik: "0001839341"
company_name: "Core Scientific, Inc./tx"
filed_at: "2024-08-19T23:59:59+00:00"
generated_at: "2026-05-31T08:42:49.330249+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Core Scientific closes $460M convertible note offering; redeems $150M secured notes

## Summary
- Issued $460M of 3.00% convertible senior notes due 2029, including full exercise of $60M initial purchasers' option.
- Used $61.2M to repay credit facility and $150M to redeem all 12.50% secured notes due 2028.
- Initial conversion price ~$11.00/share, a ~30% premium over $8.46 close on Aug 13, 2024.
- Net proceeds ~$445M; remainder for working capital, capex, acquisitions, or stock repurchases.
- Notes convertible under certain conditions; redeemable at company's option on or after Sept 7, 2027.

## SEC filing metadata
- accession: 0001628280-24-037702
- form_type: 8-K
- ticker: CORZ
- cik: 0001839341
- company_name: Core Scientific, Inc./tx
- filed_at: 2024-08-19T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839341/000162828024037702/0001628280-24-037702-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839341/000162828024037702/core-20240813.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-037702
- JSON: https://secwatch.observer/filing/0001628280-24-037702.json
- Plain text: https://secwatch.observer/filing/0001628280-24-037702.txt

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