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Two Seas Capital Comments on Outcome of Special Meeting of Core Scientific Shareholders

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Two Seas Capital (NASDAQ:CORZ) commented on the outcome of Core Scientific's special meeting held on October 30, 2025, where shareholders rejected the company's proposed sale to CoreWeave (NASDAQ:CRWV).

Two Seas, identified as one of Core Scientific's largest shareholders, thanked fellow shareholders for rejecting the transaction and reiterated confidence in Core Scientific's management and strategy. The statement urged focus on growing the power pipeline, securing additional contracts, and building next-generation data centers, and said Two Seas will work constructively with the company to pursue long-term value creation.

Two Seas Capital (NASDAQ:CORZ) ha commentato l'esito dell'assemblea speciale di Core Scientific tenutasi il 30 ottobre 2025, durante la quale gli azionisti hanno respinto la vendita proposta all'azienda CoreWeave (NASDAQ:CRWV).

Two Seas, identificata come uno dei maggiori azionisti di Core Scientific, ha ringraziato gli altri azionisti per aver respinto l'operazione e ha ribadito la fiducia nella direzione e nella strategia di Core Scientific. La dichiarazione invita a concentrarsi sulla crescita della pipeline energetica, sull'acquisizione di contratti aggiuntivi e sulla costruzione di data center di prossima generazione, affermando che Two Seas collaborerà costruttivamente con l'azienda per perseguire la creazione di valore a lungo termine.

Two Seas Capital (NASDAQ:CORZ) comentó sobre el resultado de la reunión especial de Core Scientific celebrada el 30 de octubre de 2025, donde los accionistas rechazaron la venta propuesta a CoreWeave (NASDAQ:CRWV).

Two Seas, identificada como uno de los mayores accionistas de Core Scientific, agradeció a otros accionistas por rechazar la operación y reiteró su confianza en la dirección y la estrategia de Core Scientific. La declaración instó a centrarse en hacer crecer la pipeline de energía, asegurar contratos adicionales y construir centros de datos de próxima generación, y dijo que Two Seas trabajará de manera constructiva con la empresa para perseguir la creación de valor a largo plazo.

Two Seas Capital (NASDAQ:CORZ)는 Core Scientific의 특별 주주총회 결과에 대해 2025년 10월 30일에 개최되었으며, 주주들이 CoreWeave (NASDAQ:CRWV)로의 제안 매매를 거부했다는 소식을 전했다.

Core Scientific의 최대 주주 중 하나로 확인된 Two Seas는 거래를 거부한 다른 주주들에게 감사를 표하고 Core Scientific의 경영진과 전략에 대한 자신감을 재확인했다. 이 성명은 전력 파이프라인의 성장, 추가 계약 확보, 그리고 차세대 데이터 센터 구축에 집중할 것을 촉구했으며, Two Seas가 장기 가치 창출을 추구하기 위해 회사와 건설적으로 협력할 것이라고 말했다.

Two Seas Capital (NASDAQ:CORZ) a commenté le résultat de l'assemblée spéciale de Core Scientific tenue le 30 octobre 2025, au cours de laquelle les actionnaires ont rejeté la proposition de vente à CoreWeave (NASDAQ:CRWV).

Two Seas, identifiée comme l'un des plus grands actionnaires de Core Scientific, a remercié les autres actionnaires d'avoir rejeté l'opération et a réaffirmé sa confiance dans la direction et la stratégie de Core Scientific. La déclaration appelle à se concentrer sur la croissance du pipeline énergétique, la sécurisation de contrats supplémentaires et la construction de centres de données de nouvelle génération, et a déclaré que Two Seas travaillerait de manière constructive avec l'entreprise pour rechercher la création de valeur à long terme.

Two Seas Capital (NASDAQ:CORZ) kommentierte das Ergebnis der Sonderversammlung von Core Scientific, die am 30. Oktober 2025 stattfand, bei der die Aktionäre den vorgeschlagenen Verkauf an CoreWeave (NASDAQ:CRWV) ablehnten.

Two Seas, identifiziert als einer der größten Aktionäre von Core Scientific, dankte den anderen Aktionären dafür, die Transaktion abgelehnt zu haben, und bekräftigte ihr Vertrauen in das Management und die Strategie von Core Scientific. Die Erklärung forderte, den Fokus auf das Wachstum der Power-Pipeline, die Sicherung zusätzlicher Verträge und den Bau von Next-Generation-Rechenzentren zu legen, und sagte, dass Two Seas konstruktiv mit dem Unternehmen zusammenarbeiten werde, um langfristige Wertschöpfung zu erzielen.

Two Seas Capital (NASDAQ:CORZ) علق على نتيجة الاجتماع الخاص بشركة Core Scientific الذي أُعقد في 30 أكتوبر 2025، حيث رفض المساهمون الاقتراح الخاص ببيع الشركة إلى CoreWeave (NASDAQ:CRWV).

Two Seas، المعترف بها كواحدة من أكبر المساهمين في Core Scientific، شكرت المساهمين الآخرين على رفض الصفقة وأعادت التأكيد على الثقة في إدارة Core Scientific واستراتيجيتها. تدعو البيان إلى التركيز على تعزيز خط أنابيب الطاقة، وتأمين عقود إضافية، وبناء مراكز بيانات من الجيل التالي، وقالت إن Two Seas ستعمل بشكل بنّاء مع الشركة من أجل تحقيق قيمة طويلة الأجل.

Positive
  • Shareholders rejected sale to CoreWeave on Oct 30, 2025
  • Two Seas identified as one of Core Scientific's largest shareholders
  • Management urged to focus on growing the power pipeline and securing contracts
  • Two Seas expressed confidence in CEO Adam Sullivan and management team
Negative
  • None.

Appreciates Shareholders' Thoughtful Consideration and Reiterates Enthusiasm About Company's Future Prospects

NEW YORK, Oct. 30, 2025 /PRNewswire/ -- Two Seas Capital LP ("Two Seas" or "we"), an alternative investment management firm and one of the largest shareholders of Core Scientific, Inc. ("Core Scientific" or the "Company") (NASDAQ: CORZ), today commented on the outcome of the special meeting of shareholders (the "Special Meeting") that was held today in connection with the Company's proposed sale to CoreWeave, Inc. ("CoreWeave") (NASDAQ: CRWV).

Sina Toussi, Founder and Chief Investment Officer of Two Seas, issued the following statement:

"We thank our fellow shareholders for their engagement during this process and their support in rejecting this transaction at the Special Meeting. We appreciate the fact that so many of you recognize the value of Core Scientific and share our enthusiasm for the Company's bright future.

Now is the time to focus on the road ahead and for Core Scientific's management team to get back to the important work of growing the Company's power pipeline, securing additional contracts and building next generation data centers. Core Scientific has been a pioneer in the AI infrastructure build-out and we are excited for this growth story to continue.

The value creation initiatives outlined today by Core Scientific's CEO, Adam Sullivan, reinforced our confidence in the Company's executive management team and their ability to capitalize on the Company's outstanding assets and competitive advantages. We look forward to working constructively with the Company to help Core Scientific realize its abundant opportunities and create significant long-term value for shareholders."

About Two Seas Capital LP

Two Seas, founded in 2020 and led by Chief Investment Officer Sina Toussi, specializes in event-driven investing anchored by rigorous fundamental research and a targeted focus on special situations. With over $2 billion in assets under management, Two Seas' approach is designed to uncover market inefficiencies where value can be realized through the resolution of legal and regulatory events. The Two Seas team is highly regarded for its rigorous due diligence and its ability to translate complex and dynamic scenarios into actionable investment opportunities.

Contacts

Media
Steve Bruce / Taylor Ingraham / Keely Gispan
ASC Advisors
twoseas@ascadvisors.com
(203) 992-1230

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SOURCE Two Seas Capital

FAQ

What was decided at the Core Scientific (CORZ) special meeting on October 30, 2025?

Shareholders voted to reject the proposed sale of Core Scientific to CoreWeave on October 30, 2025.

What is Two Seas Capital's position on Core Scientific (CORZ) after the special meeting?

Two Seas thanked shareholders for rejecting the transaction and reiterated confidence in Core Scientific's future and management.

How will Core Scientific (CORZ) management proceed after the rejected sale, according to Two Seas?

Two Seas said management should focus on growing the power pipeline, securing additional contracts, and building next-generation data centers.

Who is the Core Scientific executive Two Seas cited in its statement about CORZ?

Two Seas specifically referenced Core Scientific CEO Adam Sullivan and expressed confidence in his leadership.

Will Two Seas Capital continue to work with Core Scientific (CORZ) after the special meeting?

Yes; Two Seas said it looks forward to working constructively with Core Scientific to create long-term shareholder value.
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