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Core Scientific, Inc.

Company NameCore Scientific, Inc.
Stock SymbolCORZ
Class PeriodJanuary 03, 2022 to October 26, 2022
Lead Plaintiff Motion DeadlineJanuary 13, 2023

On March 3, 2022, Culper Research issued a report alleging ,among other things, that Core Scientific "has wildly oversold both its mining and hosting businesses, which it cobbled together in a series of questionable transactions before dumping onto the market via SPAC." Moreover, the Company had “waived the 180-day lockup on over 282 million shares, making them free to be dumped just 5 trading days” from the time of the report, showing that “insiders have abandoned any pretense of care for minority shareholders."

On this news, Core Scientific’s stock fell $0.72, or 9.4%, to close at $6.98 on March 3, 2022, thereby injuring investors. 

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