Core Scientific, Inc. - Tranche 2 (CORZZ) Warrant
Each CORZZ warrant gives the holder the right to buy 1 share of Core Scientific, Inc. - Tranche 2 at $0.01 per share, until January 23, 2029. The stock last closed at $16.45, above the strike, so the warrant is in the money. Core Scientific, Inc. - Tranche 2 has a market value of about $5.29B. There are 6.60M listed warrants; exercising all of them would add 2.0% to the 321.34M shares outstanding. The company can call the warrants if the stock trades at or above $8.72.
Key terms
- Strike per share
- $0.01
- Shares per warrant
- 1
- Cash to exercise one warrant
- $0.0100
- Expiry
- 2029-01-23
- Redemption trigger
- $8.72
- Cashless exercise
- allowed
- Break-even stock price
- $16.44
From the issuer's S-1/A (2024-04-30).
Company and stock
- Company
- Core Scientific, Inc. - Tranche 2
- Underlying stock
- CORZ
- Share price
- $16.45
- Market cap
- $5.29B
- Shares outstanding
- 321.34M
- 12-month range
- $13.57 – $29.16
- 12-month change
- -8%
- Value of all listed warrants
- $108.41M (2.1% of market cap)
- Industry
- Finance Services
- Head office
- Dover, DE
- Incorporated in
- Delaware
Market cap is the last share price times shares outstanding (as of 2026-07-23). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $16.43
- Price / model
Pro will show whether CORZZ is cheap or rich against our model. It is not open yet. Leave your email to hear when it is.
Dilution
- Shares outstanding
- 321.34M
- Listed warrants
- 6.60M
- Dilution if all exercised
- 2.0%
Warrant count from filing notes, read by hand (medium): Tranche 2 Warrants ($0.01, exp. 2029-01-23).
Filings and events
Questions about CORZZ
When does the CORZZ warrant expire?
CORZZ expires on January 23, 2029.
What is the strike price of CORZZ?
$0.01 per share; each warrant converts into 1 share, so exercising one warrant costs $0.0100.
Can Core Scientific, Inc. - Tranche 2 redeem the CORZZ warrants early?
Yes. The company can call them if the share price reaches $8.72 for the required period (usually 20 of 30 trading days).
How many CORZZ warrants are outstanding?
6.60M listed warrants, equal to 2.0% dilution if all are exercised.
Related warrants
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