Core Scientific, Inc., a bitcoin mining company, announced the final results of its $55 million equity offering (hereinafter referred to as "ERO") today. The subscription period for ERO ended at 5:00 p.m. Eastern Time on January 5, 2024. As the upper limit of ERO is $55 million, any excess subscription amount (if any) will be proportionally allocated to ERO participants who exercise their excess subscription rights based on the number of Core Scientific shares restructured by each excess subscription participant. Any excess payment made by ERO participants who exercise their excess subscription rights will be refunded to such ERO participants in accordance with the company's allotment procedures after the proportional allocation and the maximum issuance amount of $55 million become effective.
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