Investor Revolt Threatens $9 Billion Merger of Core Scientific and CoreWeave

CoreScientific is facing intense pressure from shareholders who are questioning the proposed merger with CoreWeave. Two Seas Capital, a significant investor in Core Scientific, has filed a formal complaint with the SEC urging other investors to reject the deal. The investment firm argues that the all-stock agreement undervalues Core Scientific and risks putting its investors at risk. The meeting for voting on the proposal will take place virtually via live webcast.