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Second Leading Independent Proxy Advisory Firm Glass Lewis Joins ISS In Recommending Core Scientific Shareholders Vote "AGAINST" Proposed Sale to CoreWeave on GOLD Proxy Card
Two Seas Capital LP ("Two Seas" or "we"), an alternative investment management firm and one of the largest shareholders of Core Scientific, Inc. ("Core Scientific" or the "Company") (NASDAQ: CORZ), today welcomed the recommendations of both leading independent proxy advisory firms, Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co., LLC ("Glass Lewis"), that shareholders of Core Scientific vote "AGAINST" the Company's proposed sale to CoreWeave, Inc. ("CoreWeave") (NASDAQ: CRW
About this update from Coreweave, Inc.
[{"type":"text","content":"NEW YORK, Oct. 21, 2025 /PRNewswire/ -- Two Seas Capital LP ("Two Seas" or "we"), an alternative investment management firm and one of the largest shareholders of Core Scientific, Inc. ("Core Scientific" or the "Company") (NASDAQ: CORZ), today welcomed the recommendations of both leading independent proxy advisory firms, Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co., LLC ("Glass Lewis"), that shareholders of Core Scientific vote "AGAINST" the Company's proposed sale to CoreWeave, Inc. ("CoreWeave") (NASDAQ: CRWV) (the "Proposed Merger") ahead of the Company's special meeting of shareholders, which is scheduled to be held on October 30, 2025.","length":775,"tagName":"p"},{"type":"image","alt":"Two Seas Capital Logo","displaySize":"","headline":null,"caption":"Two Seas Capital Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":226,"url":"https://media.zenfs.com/en/prnewswire.com/a5e9b7a819f353151f656c1400e8d9f2"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/CCk3OnmcJTKGqEc4FH1CyA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5ODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/a5e9b7a819f353151f656c1400e8d9f2","width":400,"height":226}},"href":"https://mma.prnewswire.com/media/2801864/Two_Seas_Navy_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In its report, Glass Lewis stated: "…[T]he market's prolonged discount of the deal's implied value to Core Scientific's share price—combined with the absence of any mechanisms to mitigate downside risk—indicates that the proposed exchange does not adequately compensate Core Scientific shareholders for the risks inherent in the CoreWeave consideration. Thus, barring a further improvement to the deal terms, we believe shareholders would be better served by rejecting the proposed merger and continuing on its stand-alone effort."1","length":554,"tagName":"p"},{"type":"text","content":""We are pleased that Glass Lewis has joined ISS in recommending that shareholders vote AGAINST the Proposed Merger," said Sina Toussi, Founder and Chief Investment Officer of Two Seas. "We appreciate Glass Lewis recognizing the serious flaws in this underwhelming transaction and highligh...