Power & Digital Infrastructure Acquisition Corp - Ordinary Shares - Class A

NASDAQ:XPDI   3:27:28 PM EDT
9.93
0.00 (0.00%)
Exchange Changes, Mergers / Acquisitions, Equity Financing / Related

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

Published: 07/21/2021 14:00 GMT
Power & Digital Infrastructure Acquisition Corp - Ordinary Shares - Class A (XPDI) - 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.