Two Seas Capital, an alternative investment management firm and the largest active shareholder of Core Scientific (CORZ), released an investor presentation, which was filed with the SEC on Friday, October 10, in connection with its opposition to the company’s proposed sale to CoreWeave (CRWV) on the terms announced on July 7. In the investor presentation, Two Seas shares its detailed valuation analysis and rationale for opposing the proposed transaction. Two Seas urges Core Scientific shareholders to vote AGAINST the proposed transaction on the GOLD proxy card ahead of the company’s special meeting of shareholders, which is scheduled to be held on October 30.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CORZ:
- Two Seas Capital: CoreWeave, Core Scientific deal ‘undervalues’ Core Scientific
- Morning News Wrap-Up: Friday’s Biggest Stock Market Stories!
- M&A News: Core Scientific (CORZ) Shareholders Likely to Reject CoreWeave’s Acquisition Offer
- Core Scientific, Inc call volume above normal and directionally bullish
- Crypto Currents: Coinbase, Mastercard in talks to acquire stablecoin firm BVNK