Core Scientific, Inc.
|Company Name||Core Scientific, Inc.|
|Class Period||January 03, 2022 to October 26, 2022|
|Lead Plaintiff Motion Deadline||January 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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