CoreWeave ‘respects views’ of Core Scientific holders, to continue partnership

CoreWeave (CRWV) commented on the outcome of Core Scientific’s (CORZ) Special Meeting of Stockholders, held to consider the proposal to adopt the agreement and plan of merger pursuant to which CoreWeave would acquire Core Scientific in an all-stock transaction, noting that based on preliminary results, the proposal did not receive the necessary approval from Core Scientific stockholders. As a result, the agreement has been terminated. “CoreWeave and Core Scientific will continue to execute on their respective growth strategies and collaborate on shared opportunities that leverage their complementary strengths,” the company stated. Michael Intrator, Co-founder, Chairman, and Chief Executive Officer of CoreWeave, added: “We respect the views of Core Scientific stockholders and look forward to continuing our commercial partnership. CoreWeave’s strategy remains unchanged. We will continue to execute with discipline against our roadmap to create long-term shareholder value, including through opportunistic and strategic M&A.”