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Two Seas Capital Files Definitive Proxy Statement and Issues Letter to Core Scientific Shareholders Urging Them to Vote AGAINST Company's Proposed Sale to CoreWeave
Two Seas Capital LP ("Two Seas" or "we"), an alternative investment management firm and the largest active shareholder of Core Scientific, Inc. ("Core Scientific" or the "Company") (NASDAQ: CORZ), today announced that it has filed its definitive proxy statement with the Securities and Exchange Commission ("SEC") in connection to its opposition to the Company's proposed sale to CoreWeave, Inc. ("CoreWeave") (NASDAQ: CRWV) on the terms announced on July 7, 2025.
About this update from Coreweave, Inc.
[{"type":"text","content":"NEW YORK, Sept. 29, 2025 /PRNewswire/ -- Two Seas Capital LP ("Two Seas" or "we"), an alternative investment management firm and the largest active shareholder of Core Scientific, Inc. ("Core Scientific" or the "Company") (NASDAQ: CORZ), today announced that it has filed its definitive proxy statement with the Securities and Exchange Commission ("SEC") in connection to its opposition to the Company's proposed sale to CoreWeave, Inc. ("CoreWeave") (NASDAQ: CRWV) on the terms announced on July 7, 2025.","length":569,"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/f15f0cf983093012d6fa6dc84475938b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/OVFgBqIlL8whYcvqgrOZ2Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5ODtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/f15f0cf983093012d6fa6dc84475938b","width":400,"height":226}},"href":"https://mma.prnewswire.com/media/2784019/Two_Seas_Capital_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Two Seas also issued the following letter to fellow Core Scientific shareholders explaining its opposition to the transaction at the proposed terms, including an inadequate valuation, a deficient structure and a flawed process, and urging CORZ shareholders to vote AGAINST this transaction on the GOLD proxy card so that they can realize full and fair value for their investment in the Company.","length":394,"tagName":"p"},{"type":"text","content":"Dear Fellow Core Scientific Shareholders:","length":41,"tagName":"p","attribs":{}},{"type":"text","content":"As long-standing investors in Core Scientific, Inc. (the "Company") and the largest owner outside of the index funds, we are enthusiastic about the Company's prospects. Core Scientific is uniquely positioned to capitalize on the significant demand for high-performance computing infrastructure given its significant scale, ready access to low-cost power and data center talent, and we are not surprised that the Company has, again, attracted buyout interest from its main customer, CoreWeave, Inc. ("CoreWeave"). However, we were gra...