Core Scientific, Inc., which is known for supplying specialized digital technology for creating profitable computing projects and bitcoin mining, made an announcement today about the submission of a registration statement for selling 10.8 million of their existing shares.
Core Scientific may be attempting to sell more shares in order to collect extra funds. These funds could potentially provide them with the financial means to cope with a possible drop in revenue due to the upcoming halving event.
In the registration statement, the Company isn’t offering for sale its own common stocks. As a result, it won’t receive any funds from shares traded by other stockholders.
The SEC has received the registration statement but hasn’t yet granted it approval. Until then, the securities mentioned in the statement cannot be sold, and no purchases offers will be accepted.
The press announcement doesn’t constitute an invitation to sell or an invitation to buy, and no securities will be sold in any place where it’s forbidden before obtaining necessary approval or registration according to that location’s securities laws.
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2024-04-15 19:32