- Core Scientific ( NASDAQ: CORZ ) entered into a $100M common stock purchase agreement with B. Riley Principal Capital II.
- "We continue to strengthen our balance sheet and streamline our operations as we remain focused on expanding our capacity for self-mining and colocation services," CEO Mike Levitt commented.
- Core Scientific issued B. Riley 573,381 shares of common stock as consideration for B. Riley’s commitment to purchase Core Scientific common stock under the purchase agreement.
- Shares trading 1.5% down premarket.
For further details see:
Core Scientific signs $100M in committed equity facility for enhancing liquidity