BRIEF-Core Scientific To List On Nasdaq Through Merger With Power & Digital Infrastructure Acquisition

Reuters
2021-07-21

July 21 (Reuters) - Power & Digital Infrastructure Acquisition Corp :

* CORE SCIENTIFIC, LARGEST BLOCKCHAIN HOSTING PROVIDER AND DIGITAL ASSET MINER IN NORTH AMERICA, TO LIST ON NASDAQ THROUGH MERGER WITH POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP.

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - MERGER REPRESENTS A COMBINED COMPANY ENTERPRISE VALUE OF APPROXIMATELY $4.3 BILLION

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - DEAL EXPECTED TO PROVIDE IN EXCESS OF $300 MILLION IN NET CASH PROCEEDS TO CORE SCIENTIFIC AT CLOSING

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - EXISTING CORE SCIENTIFIC STOCKHOLDERS ARE RETAINING 100% OF THEIR EQUITY IN COMBINED COMPANY

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - COMBINED CO IS EXPECTED TO OPERATE AS CORE SCIENTIFIC, INC.

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - FOLLOWING CLOSE OF DEAL, COMBINED CO WILL CONTINUE TO BE LED BY MIKE LEVITT AS CO-CHAIRMAN & CEO

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - CORE SCIENTIFIC STOCKHOLDERS WILL OWN ABOUT 89% SHARES OF COMBINED CO

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - PROCEEDS FROM TRANSACTION ARE EXPECTED TO FUND MINING EQUIPMENT PURCHASES AND INFRASTRUCTURE

* POWER & DIGITAL INFRASTRUCTURE ACQUISITION CORP - XPDI PUBLIC STOCKHOLDERS WILL OWN ABOUT 8%, XPDI'S SPONSOR WILL OWN ABOUT 2% SHARES OF COMBINED CO

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10