Core Scientific Shares Are Falling Today: What's Going On?
Core Scientific Shares Are Falling Today: What's Going On?
The proceeds from this offering are earmarked for general corporate purposes, including working capital, operating expenses and potential acquisitions. The terms of the notes, including the interest rate and conversion rate, will be finalized upon pricing the offering. However, concerns surrounding increased debt and the potential impact on shareholder equity appear to be weighing on the stock.Core Scientific, Inc. (NASDAQ:CORZ) shares are trading lower Monday potentially following the company's announcement of a proposed offering of $500 million in convertible senior notes due 2031. Here's what you need to know.
Core Scientific, Inc.（納斯達克股票代碼：CORZ）股價週一下跌，可能是因爲公司宣佈擬發行50000萬美元定向可轉換期限至2031年的優先票據。以下是您需要了解的內容。
What To Know: The notes are being offered in a private placement to institutional buyers under Rule 144A of the Securities Act of 1933. These senior notes will be unsecured obligations. They will accrue interest payable semi-annually and mature on June 15 2031, unless converted, redeemed, or repurchased earlier.
需知：這些票據是根據1933年證券法第144A條規定向機構買家定向發售的。這些優先票據將是無擔保債務，將按半年付息並於2031年6月15日到期，除非提前轉換、贖回或回購。
Core Scientific has provided conditions under which the notes can be converted to cash, shares or a combination of both. The company also outlined specific scenarios for redemption and repurchase, including an option for noteholders to require repurchase if certain fundamental changes occur.
Core Scientific已制定了票據可以轉換爲現金、股票或兩者混合的條件。公司還概述了贖回和回購的具體情形，包括持票人在發生特定基本變化時要求回購的選項。
The proceeds from this offering are earmarked for general corporate purposes, including working capital, operating expenses and potential acquisitions. The terms of the notes, including the interest rate and conversion rate, will be finalized upon pricing the offering. However, concerns surrounding increased debt and the potential impact on shareholder equity appear to be weighing on the stock.
這次發行所得款項用於一般企業用途，包括營運資金、營業費用以及潛在收購。票據的條款，包括利率和轉換比率，將在定價發行後最終確定。然而，圍繞增加債務以及對股東權益潛在影響的擔憂似乎正在給股價施加壓力。
CORZ Price Action: Core Scientific shares were down 10.7% at $15.92 at the time of writing, according to Benzinga Pro.
CORZ股價表現：根據Benzinga Pro的數據，Core Scientific股價在撰寫時下跌10.7%，報15.92美元。
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Photo Courtesy: Robert Way On Shutterstock.com.
照片由Robert Way在shutterstock.com提供。
譯文內容由第三人軟體翻譯。