Core Scientific Files Registration Statement For Shares Held By Existing Shareholders; The 10.8M Shares Associated With Registration Statement Are Included In Core Scientific's 177.6M Total Current Share Count As Of April 11, 2024
Portfolio Pulse from Benzinga Newsdesk
Core Scientific, Inc. (NASDAQ:CORZ), a leader in bitcoin mining, announced the filing of a registration statement for 10.8 million shares held by existing shareholders, included in its 177.6 million total share count as of April 11, 2024. The company will not sell any shares nor receive proceeds from the sale of these shares. The registration is pending SEC approval.
April 15, 2024 | 1:20 pm
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Core Scientific files for registration of 10.8M existing shareholder shares, not affecting its total share count or receiving proceeds.
The registration of shares by Core Scientific is a procedural action that does not directly impact the company's financials or share structure since it involves existing shares and the company is not receiving any proceeds. However, it could influence investor perception and liquidity of CORZ shares.
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