Core Scientific completed its business combination with Power & Digital Infrastructure Acquisition and began trading today on the Nasdaq. Power & Digital shareholderrs approved the deal yesterday, according to a news release.
Redemptions totaled 36% of the SPAC’s Class A common shares, representing 29% of total shares outstanding. The ticker symbols for Core Scientific’s common stock and warrants will be CORZ and CORZW.
As announced in July, the $4.3 billion deal was expected to provide in excess of $300 million in net cash proceeds to Core Scientific; an amount that assumed no redemptions.
Core Scientific is engaged in high-performance, net carbon neutral blockchain infrastructure and software solutions. Read more.
