Core Scientific Confirms CORZQ Trading Symbol in 8-K Filing

TL;DR

**Core Scientific (CORZQ) filed an 8-K confirming its stock trading symbol and corporate details.**

AI Summary

Core Scientific, Inc. (CORZQ) filed an 8-K on January 4, 2024, to report that its common stock, with a par value of $0.0001 per share, is currently registered for trading under the symbol CORZQ. This filing also notes the company's previous name, Power & Digital Infrastructure Acquisition Corp., which changed on January 6, 2021. This matters to investors because it confirms the current trading status of their shares and provides updated corporate information, which is crucial for understanding the company's identity and market presence, especially given its recent emergence from bankruptcy.

Why It Matters

This filing provides current administrative details about Core Scientific's stock, confirming its trading symbol and corporate identity, which is essential for investor clarity and market operations.

Risk Assessment

Risk Level: low — This filing is administrative and informational, posing minimal direct risk to investors as it does not announce any material financial or operational changes.

Analyst Insight

A smart investor would note this administrative filing as confirmation of current trading details, but would look for more substantive filings for investment decisions, especially given the CORZQ symbol often indicates a company in bankruptcy or restructuring.

Key Numbers

• $0.0001 — Par Value per Share (The stated par value for Core Scientific's common stock.)

Key Players & Entities

• Core Scientific, Inc. (company) — the registrant filing the 8-K
• Power & Digital Infrastructure Acquisition Corp. (company) — Core Scientific's former name
• $0.0001 (dollar_amount) — par value per share of common stock
• January 4, 2024 (date) — date of earliest event reported
• January 6, 2021 (date) — date of name change from former company

Forward-Looking Statements

• Core Scientific will continue to trade under the CORZQ symbol in the near term. (Core Scientific, Inc.) — high confidence, target: 2024-06-30

FAQ

Key Financial Figures

• $0.0001 — ich registered Common stock, par value $0.0001 per share CORZQ * Warrants, exerc
• $35 million — The Company retains access to the full $35 million of available funding under the Replacem

Filing Documents

• d162706d8k.htm (8-K) — 36KB
• d162706dex991.htm (EX-99.1) — 18KB
• d162706dex992.htm (EX-99.2) — 28KB
• g162706g0105204846937.jpg (GRAPHIC) — 2KB
• g162706g0105204847079.jpg (GRAPHIC) — 2KB
• g162706g0105204847325.jpg (GRAPHIC) — 5KB
• 0001193125-24-003423.txt ( ) — 266KB
• corzq-20240104.xsd (EX-101.SCH) — 3KB
• corzq-20240104_def.xml (EX-101.DEF) — 14KB
• corzq-20240104_lab.xml (EX-101.LAB) — 23KB
• corzq-20240104_pre.xml (EX-101.PRE) — 14KB
• d162706d8k_htm.xml (XML) — 6KB

01

Item 7.01 Regulation FD Disclosure. As previously disclosed, 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 "). The Debtors continue to operate their business and manage their properties as "debtors-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. Additional information about the Chapter 11 Cases, including access to Court documents, is available online at cases.stretto.com/CoreScientific/, a website administered by Stretto, Inc., a third-party bankruptcy claims and noticing agent. The information on this web site is not incorporated by reference into, and does not constitute part of, this Form 8-K. Also, as previously disclosed, in connection with the Chapter 11 Cases, (i) on February 2, 2023, the Bankruptcy Court entered an interim order authorizing, among other things, the Debtors to obtain senior secured non-priming super-priority replacement post-petition financing (the " Replacement DIP Facility "), and (ii) on February 27, 2023, the Debtors entered into a Senior Secured Super-Priority Replacement Debtor-in-Possession Loan and Security Agreement governing the Replacement DIP Facility with B. Riley Commercial Capital, LLC, as administrative agent, and the lenders from time to time party thereto. On January 4, 2024, the Company issued a press release announcing that the Company pre-paid the outstanding balance on the Replacement DIP Facility. The Company retains access to the full $35 million of available funding under the Replacement DIP Facility. A copy of the press release is attached hereto as Exhibit 99.1 and is inco

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits: Exhibit Description 99.1 Press Release, dated January 4, 2024 99.2 Press Release, dated January 5, 2024 104 Cover page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Core Scientific, Inc. Date: January 5, 2024 By: /s/ Todd M. DuChene Name: Todd M. DuChene Title: Chief Legal Officer and Chief Administrative Officer

View Full Filing

View this 8-K filing on SEC EDGAR