Odaily News Bitcoin mining company Core Scientific will postpone the final joint hearing to exit bankruptcy proceedings from December 22 to January 10 next year. An additional global settlement plan has been reached, and the deadline for equity issuance has been extended to December January 28th. (TheMinerMag) According to previous news, Bitcoin mining company Core Scientific recently released a report outlining its plan to exit bankruptcy proceedings in early January 2024. The report is based on the third revised joint bankruptcy plan filed on November 16 and includes audio comments from CEO Adam Sullivan. Under the plan, common stockholders and holders of two convertible notes will be compensated separately. Ordinary shareholders will receive new shares at a share exchange ratio of 25:1. Holders of notes due in April (2025) will receive $1.628 for every $1 of face value, and holders of notes due in August will receive $1.201 for every $1 of face value. The funds will be released on January 3, 2024. If an agreement is reached with major shareholders, Core Scientific will exit bankruptcy proceedings on January 5, 2024, with net debt expected to be $709 million, an equity value of $791 million, and only $46 million of debt due by 2025 . Shareholders can vote on the plan until Dec. 13, and the Bankruptcy Court for the Southern District of Texas will issue a decision on Dec. 22. If approved, the plan will come into effect on January 5, 2024.