Core Scientific Shareholder Two Seas Capital Opposes Planned Sale to CoreWeave-February 2024-www.financetom.com

Core Scientific Shareholder Two Seas Capital Opposes Planned Sale to CoreWeave

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Core Scientific Shareholder Two Seas Capital Opposes Planned Sale to CoreWeave

Sep 29, 2025 7:29 AM

09:47 AM EDT, 09/29/2025 (MT Newswires) -- Core Scientific ( CORZ ) shareholder Two Seas Capital said Monday it has filed a definitive proxy statement with the Securities and Exchange Commission regarding its opposition to the company's planned sale to CoreWeave ( CRWV ) .

Two Seas also issued a letter to Core Scientific ( CORZ ) shareholders explaining its opposition to the deal under the planned terms, which include "an inadequate valuation, a deficient structure and a flawed process."

The investment firm said it is urging Core Scientific ( CORZ ) shareholders to vote against the deal.

Two Seas said there is "strategic merit" to the merger of Core Scientific ( CORZ ) and CoreWeave ( CRWV ) but "there is no reason for Core Scientific ( CORZ ) shareholders to support this transaction at this exchange ratio and with this structure."

Core Scientific ( CORZ ) and CoreWeave ( CRWV ) didn't immediately respond to requests for comment by MT Newswires.

Core Scientific ( CORZ ) shares were 1.7% higher in recent trading, while CoreWeave ( CRWV ) was up 1.4%.

Previous page： AI-driven search ad spending set to surge to $26 billion by 2029, data shows Next page： IO Biotech Regains Compliance With Nasdaq Listing Rules

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

AI-driven search ad spending set to surge to $26 billion by 2029, data shows

Jun 4, 2025

June 4 (Reuters) - Spending on AI-powered search advertising is poised to surge to nearly $26 billion by 2029 from just over $1 billion this year in the U.S., driven by rapid adoption of the technology and more sophisticated user targeting, data from Emarketer showed on Wednesday. Companies that rely on traditional keyword-based search ads could experience revenue declines due...

IO Biotech Regains Compliance With Nasdaq Listing Rules

Jun 4, 2025

01:35 PM EDT, 06/04/2025 (MT Newswires) -- IO Biotech ( IOBT ) said Wednesday that it has regained compliance with the Nasdaq listing rules relating to minimum per-share price. The company received a notice on June 3 from the exchange, stating the closing bid price of its shares has been at $1.00 per share or greater for at least 10...

Google agrees $36 million fine for anti-competitive deals with Australia telcos

Aug 17, 2025

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

Jefferies hires Lazard's Thomas for activism defense, sources say

Jun 4, 2025

NEW YORK, June 4 (Reuters) - Jefferies has hired a veteran Lazard ( LAZ ) banker as global head of the firm's activism defense practice, people familiar with the situation said on Wednesday, as more corporations face pressure from activist investors. The New York-headquartered bank is bringing on Richard Thomas, a managing director who has served as co-head of Lazard's...