Two Seas Capital, an alternative investment management firm and the largest active shareholder of Core Scientific (CORZ), announced that it has filed its definitive proxy statement with the SEC in connection to its opposition to the company’s proposed sale to CoreWeave (CRWV) on the terms announced on July 7. Two Seas also issued a 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.
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