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Core Scientific's Largest Shareholder Opposes Sale to CoreWeave in All-Stock Deal, Citing Undervaluation
Summary: According to reports, Core Scientific's largest shareholder, Two Seas Capital, has announced plans to vote against the company's sale to CoreWeave in an all-stock deal, citing concerns over undervaluation and significant structural flaws. In July of this year, CoreWeave announced plans to acquire digital infrastructure company Core Scientific in an all-stock transaction. The agreed upon ...
According to reports, Core Scientific's largest shareholder, Two Seas Capital, has announced plans to vote against the company's sale to CoreWeave in an all-stock deal, citing concerns over undervaluation and significant structural flaws.
In July of this year, CoreWeave announced plans to acquire digital infrastructure company Core Scientific in an all-stock transaction. The agreed upon per-share value for this deal is $20.40, with the exchange ratio implying a company valuation of approximately $9 billion.
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Link: Core Scientific's Largest Shareholder Opposes Sale to CoreWeave in All-Stock Deal, Citing Undervaluation [Copy]
