# EDGAR Filing Document

**Accession Number:** 0001839341
**File Stem:** 0001193125-23-034521
**Filing Date:** 2023-2
**Character Count:** 11495
**Document Hash:** f0ec5592497a1743f7df9d9741e8e0af
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-034521.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001193125-23-034521

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230209

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Core Scientific, Inc./tx
- **CENTRAL INDEX KEY:** 0001839341
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40046
- **FILM NUMBER:** 23614984

**BUSINESS ADDRESS:**
- **STREET 1:** 106 EAST 6TH STREET, SUITE 900-145
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78701
- **BUSINESS PHONE:** (425) 998-5300

**MAIL ADDRESS:**
- **STREET 1:** 106 EAST 6TH STREET, SUITE 900-145
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78701

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Power & Digital Infrastructure Acquisition Corp.
- **DATE OF NAME CHANGE:** 20210106

?xml version="1.0" encoding="utf-8" ? 8-K

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### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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### FORM 8-K

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#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d)

#### of the Securities Exchange Act of 1934

#### Date of Report (Date of earliest event reported): February 9, 2023

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## Core Scientific, Inc.

#### (Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-40046** | **86-1243837** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(Commission**<br> **File Number)** | **(IRS Employer**<br> **Identification No.)** |

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| | |
|:---|:---|
| **210 Barton Springs Road, Suite 300**<br> **Austin, Texas** | **78704** |
| **(Address of principal executive offices)** | **(Zip Code)** |

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#### Registrant's telephone number, including area code: (512) 402-5233

#### (Former Name or Former Address, if Changed Since Last Report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | |
|:---|:---|
| **Title of each class** | **Trading**<br> **Symbol(s)** |
| Common stock, par value $0.0001 per share | CORZQ \* |
| Warrants, exercisable for shares of common stock | CRZWQ \* |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

\* The registrant's common stock and warrants began trading exclusively on the OTC Pink Marketplace on January 3, 2023 under the Symbols "CORZQ" and "CRZWQ," respectively.

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| | |
|:---|:---|
| **Item 1.02.** | **Termination of a Material Definitive Agreement.** |

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As previously announced, on December 21, 2022, Core Scientific Inc. (the "Company") and certain of its affiliates (collectively, the "Debtors") filed voluntary petitions (the "Chapter 11 Cases") in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") seeking relief under Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code"). The Debtors continue to operate their business and manage their properties as "debtors-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. Additional information about the Chapter 11 Cases, including access to Court documents, is available online at cases.stretto.com/CoreScientific/, a website administered by Stretto, Inc., a third-party bankruptcy claims and noticing agent. The information on this web site is not incorporated by reference into, and does not constitute part of, this Form 8-K.

#### Restructuring Support Agreement
As previously disclosed, on December 22, 2022, the Debtors entered into a Restructuring Support Agreement (together with all exhibits and schedules thereto, the "RSA") with the Consenting Creditors (as defined in the RSA), pursuant to which, among other things and subject to certain conditions, the Consenting Creditors agreed to vote in favor of a joint plan of reorganization of the Debtors under the Bankruptcy Code, the key terms of which were set forth in the RSA, (the "Plan") and the Debtors agreed to pursue confirmation and consummation of the Plan.

On February 9, 2023, the Debtors delivered written notice to the Consenting Creditors (the "RSA Termination Notice") notifying such parties that the Debtors exercised their right to terminate the RSA, effective February 9, 2023. As a result of the delivery of the RSA Termination Notice, the Consenting Creditors are no longer obligated to vote in favor of the Plan and the Debtors are no longer obligated to pursue confirmation and consummation of the Plan.

The material terms of the RSA were summarized in the Current Report on Form 8-K filed by the Company with the SEC on December 27, 2022 and the RSA was filed as an exhibit thereto.

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| | |
|:---|:---|
| **Item 7.01.** | **Regulation FD Disclosure.** |

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On February 10, 2023, the Debtors filed with the Bankruptcy Court the RSA Termination Notice. The RSA Termination Notice is attached hereto as Exhibits 99.1 and is incorporated herein by reference.

The information contained in this Item 7.01 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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(d) Exhibits

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| | |
|:---|:---|
| Exhibit<br>No. | Exhibit |
| 99.1 | [Notice of RSA Termination, dated February 10, 2023.](d424912dex991.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **Core Scientific, Inc.** | **Core Scientific, Inc.** |
| Date: February 13, 2023 | By: | /s/ Todd M. DuChene |
|  | Name: | Todd M. DuChene |
|  | Title: | President and Chief Legal Officer |

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## Exhibit 99.1

**Exhibit 99.1** 

**IN THE UNITED STATES BANKRUPTCY COURT** 

**FOR THE SOUTHERN DISTRICT OF TEXAS** 

**HOUSTON DIVISION** 

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| | |
|:---|:---|
| **§** |  |
| **In re:** **§** | **Chapter 11** |
| **§** |  |
| **CORE SCIENTIFIC, INC., *et al.,*** **§** | **Case No. 22-90341 (DRJ)** |
| **§** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;**Debtors.**<sup>1</sup> <br>**§** | **(Jointly Administered)** |
| **§** | **Related Docket No. 72** |

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**<u>NOTICE OF RSA TERMINATION</u>**

**PLEASE TAKE NOTICE** that on December 21, 2022, Core Scientific, Inc. and its debtor affiliates in the above-captioned chapter 11 cases (collectively, the "**Debtors**") filed the *Notice of Filing of Exhibit B to the Declaration of Michael Bros in Support of the Debtors' Chapter 11 Petitions and First Day Relief* (Docket No. 72), attaching thereto that certain unexecuted Restructuring Support Agreement (the "**RSA**"), by and among the Debtors and the Consenting Creditors (as defined in the RSA).

**PLEASE TAKE FURTHER NOTICE** that on December 22, 2022, the Debtors and the Consenting Creditors executed the RSA.

**PLEASE TAKE FURTHER NOTICE** that on February 9, 2023, the Debtors exercised their right to terminate the RSA, effective February 9, 2023.

*[Remainder of Page Intentionally Left Blank]* 

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<sup>1</sup> The Debtors in these chapter 11 cases, along with the last four digits of each Debtor's federal tax identification number, are as follows: Core Scientific Mining LLC (6971); Core Scientific, Inc. (3837); Core Scientific Acquired Mining LLC (6074); Core Scientific Operating Company (5526); Radar Relay, Inc. (0496); Core Scientific Specialty Mining (Oklahoma) LLC (4327); American Property Acquisition, LLC (0825); Starboard Capital LLC (6677); RADAR LLC (5106); American Property Acquisitions I, LLC (9717); and American Property Acquisitions, VII, LLC (3198). The Debtors' corporate headquarters and service address is 210 Barton Springs Road, Suite 300, Austin, Texas 78704. 

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Dated: February 10, 2023

Houston, Texas

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| |
|:---|
| Respectfully submitted, |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*/s/ Alfredo R. Pérez* |
| WEIL, GOTSHAL & MANGES LLP |
| Alfredo R. Pérez (15776275)<br> 700 Louisiana Street, Suite 1700 |
| Houston, Texas 77002 |
| Telephone: (713) 546-5000 |
| Facsimile: (713) 224-9511 |
| Email: Alfredo.Perez@weil.com |
| -and- |
| WEIL, GOTSHAL & MANGES LLP |
| Ray C. Schrock (admitted *pro hac vice*) |
| Ronit J. Berkovich (admitted *pro hac vice*) |
| Moshe A. Fink (admitted *pro hac vice*)<br> 767 Fifth Avenue |
| New York, New York 10153 |
| Telephone: (212) 310-8000 |
| Facsimile: (212) 310-8007 |
| Email: Ray.Schrock@weil.com |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ronit.Berkovich@weil.com |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Moshe.Fink@weil.com |
| *Attorneys for Debtors*<br> *and Debtors in Possession* |

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**<u>Certificate of Service</u>**

I hereby certify that on February 10, 2023, a true and correct copy of the foregoing document was served by the Electronic Case Filing System for the United States Bankruptcy Court for the Southern District of Texas.

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| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*/s/ Alfredo R. Pérez* |
| Alfredo R. Pérez |

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