---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-050080"
form_type: "8-K"
ticker: "CORZ"
cik: "0001839341"
company_name: "Core Scientific, Inc./tx"
filed_at: "2024-12-05T23:59:59+00:00"
generated_at: "2026-05-29T07:22:59.118237+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Core Scientific closes $625M zero-coupon convertible notes due 2031, upsized from $500M

## Summary
- Completed private offering of $625M aggregate principal amount of 0.00% convertible senior notes due June 2031.
- Initial conversion price ~$22.49/share, representing ~42.5% premium over $15.78 reference VWAP.
- Net proceeds ~$608.7M after full exercise of initial purchasers' option and expenses.
- Notes redeemable at company's option after June 2028 with conditions; noteholders may require repurchase on Dec 15, 2027 or upon fundamental change.
- Proceeds for general corporate purposes, including capex, acquisitions, or share repurchases.

## SEC filing metadata
- accession: 0001628280-24-050080
- form_type: 8-K
- ticker: CORZ
- cik: 0001839341
- company_name: Core Scientific, Inc./tx
- filed_at: 2024-12-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- 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/1839341/000162828024050080/0001628280-24-050080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839341/000162828024050080/core-20241202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-050080
- JSON: https://secwatch.observer/filing/0001628280-24-050080.json
- Plain text: https://secwatch.observer/filing/0001628280-24-050080.txt

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