Core Scientific, Inc. - Tranche 1 (CORZW) Warrant
Each CORZW warrant gives the holder the right to buy 1 share of Core Scientific, Inc. - Tranche 1 at $6.81 per share, until January 23, 2027. The stock last closed at $16.45, above the strike, so the warrant is in the money. Core Scientific, Inc. - Tranche 1 has a market value of about $5.29B. There are 96.40M listed warrants; exercising all of them would add 30.0% to the 321.34M shares outstanding. The company can call the warrants if the stock trades at or above $8.72.
CORZ vs strike, last 12 months
No share-price history for CORZ yet.
Key terms
- Strike per share
- $6.81
- Shares per warrant
- 1
- Cash to exercise one warrant
- $6.81
- Expiry
- 2027-01-23
- Redemption trigger
- $8.72
- Cashless exercise
- allowed
- Break-even stock price
- $16.61
From the issuer's S-1/A (2024-04-30).
Company and stock
- Company
- Core Scientific, Inc. - Tranche 1
- Underlying stock
- CORZ
- Share price
- $16.45
- Market cap
- $5.29B
- Shares outstanding
- 321.34M
- Value of all listed warrants
- $944.72M (17.9% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-07-23). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $9.80
- Price / model
Get Pro to see whether CORZW is cheap or rich against our model.
Dilution
- Shares outstanding
- 321.34M
- Listed warrants
- 96.40M
- Dilution if all exercised
- 30.0%
Warrant count from filing notes, read by hand (medium): Tranche 1 Warrants ($6.81, exp. 2027-01-23).
Filings and events
Questions about CORZW
When does the CORZW warrant expire?
CORZW expires on January 23, 2027.
What is the strike price of CORZW?
$6.81 per share; each warrant converts into 1 share, so exercising one warrant costs $6.81.
Can Core Scientific, Inc. - Tranche 1 redeem the CORZW warrants early?
Yes. The company can call them if the share price reaches $8.72 for the required period (usually 20 of 30 trading days).
How many CORZW warrants are outstanding?
96.40M listed warrants, equal to 30.0% dilution if all are exercised.