Cooley, Kirkland Craft SPAC Merger For $4.3B Bitcoin Miner
Law360 (July 21, 2021, 2:03 PM EDT) -- Cryptocurrency miner Core Scientific will go public at a roughly $4.3 billion enterprise value by merging with a private equity-backed special purpose acquisition vehicle in a transaction guided by respective legal advisers Cooley and Kirkland, the companies said Wednesday.
The transaction features Core Scientific Holding Co. being combined with Power & Digital Infrastructure Acquisition Corp., or XPDI, with the resulting entity being called Core Scientific Inc. and trading on the Nasdaq Stock Market, according to a company statement. Core Scientific claims to be the largest digital asset miner, as well as blockchain infrastructure and hosting services provider, in North America.
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!