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SPAC · Merger completed

Power & Digital Infrastructure Acquisition Corp.

Business combination with Core Scientific Holding Co.

Power & Digital Infrastructure Acquisition Corp. is a blank-check company (SPAC) that raised $300M in its initial public offering on Feb 11, 2021, listing on Nasdaq Capital Market. It completed its business combination with Core Scientific Holding Co. on Jan 19, 2022; the combined company is Core Scientific, Inc. (CORZ). Barclays led the IPO, with BofA Securities. Kirkland & Ellis advised the SPAC and Vinson & Elkins advised the underwriters on the IPO.

Core Scientific Holding Co. provides high-performance infrastructure and hosting for blockchain companies, using its own facilities and patent-pending technology. It is also working to develop enterprise software solutions for complex blockchain challenges.

Status
Merger completed
IPO date
Feb 11, 2021
IPO size
$300M
IPO exchange
Nasdaq Capital Market
Target
Core Scientific Holding Co.
Announced
Jul 21, 2021
Closed
Jan 19, 2022
Combined company
Core Scientific, Inc. (CORZ)
IPO underwriters
Barclays and BofA Securities
SPAC counsel (IPO)
Kirkland & Ellis
Underwriters' counsel (IPO)
Vinson & Elkins

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