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
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