Core Viewpoint - CoreWeave, Inc. announced that the proposal for acquiring Core Scientific through an all-stock transaction did not receive the necessary approval from Core Scientific stockholders [1] Company Summary - The Special Meeting of Stockholders for Core Scientific was held to consider the merger proposal with CoreWeave [1] - The proposal was based on an Agreement and Plan of Merger between CoreWeave and Core Scientific [1]

Core Viewpoint - Core Scientific's proposed merger with AI neocloud CoreWeave was rejected by shareholders after a social media campaign against the deal [1][2] Group 1: Merger Details - The merger was valued at approximately $9 billion and was initially agreed upon in June 2025, but required shareholder approval in Q4 2025 [1] - The merger deal was only provisional and faced significant opposition from major stakeholders [2] Group 2: Shareholder Actions - Two Capital and Institutional Shareholders Services (ISS) actively campaigned for a "No" vote, citing unfavorable economics of the merger [2] - AI-focused hedge fund Situational Awareness acquired Core Scientific shares, likely to benefit from the merger's failure [2] Group 3: Voting Outcome - The special meeting held on October 30, 2025, resulted in shareholders not approving the merger, as the necessary votes were not obtained [3] - Following the announcement, Core Scientific's share price declined by 3% [3]

Core Viewpoint - Core Scientific, Inc. is a leader in digital infrastructure for high-density colocation services and digital asset mining, indicating its significant role in the industry [1] Company Information - The company will host a conference call and live audio webcast with investors today at 11:30 A.M. Eastern Time, showcasing its commitment to transparency and communication with stakeholders [1] - Key executives participating in the call include Adam Sullivan (CEO), Matt Brown (COO), Jim Nygaard (CFO), and Jon Charbonneau (VP of Investor Relations), highlighting the involvement of top management in investor relations [1]

Core Point - Crypto miner Core Scientific has terminated its merger agreement with Nvidia-backed CoreWeave [1] Company Summary - Core Scientific was in a merger agreement with CoreWeave, which is backed by Nvidia, but has now ended this agreement [1]

Group 1 - Core Scientific ended its sale deal to CoreWeave after shareholders voted against the proposal, marking the second failed attempt by CoreWeave to acquire Core Scientific [1][2] - CoreWeave had proposed an all-stock deal valued at $9 billion to acquire Core Scientific, aiming to secure energy and data center capacity amid rising demand [2] - Two Seas Capital, the largest active shareholder of Core Scientific, opposed the deal due to concerns regarding the sale process, deal structure, and valuation [2][3] Group 2 - The fixed exchange ratio in the proposed deal left Core Scientific shareholders exposed to fluctuations in CoreWeave's share price [3] - Core Scientific's board had recommended shareholders vote in favor of the sale, citing potential cost savings and synergies from the merger [3] - Proxy advisory firm Institutional Shareholder Services advised against the deal, suggesting Core Scientific should remain independent due to its success as a standalone entity [3] Group 3 - Following the vote, Core Scientific shares increased in early trading, while CoreWeave's shares fell nearly 5% [4]

Core Viewpoint - Core Scientific, Inc. did not receive the necessary votes to approve the merger agreement with CoreWeave, Inc. during a special meeting of stockholders [1] Company Summary - Core Scientific is a leader in digital infrastructure for high-density colocation services and digital asset mining [1] - The merger agreement with CoreWeave was previously announced and was expected to proceed [1] - The date mentioned for the merger agreement is October 30, 2025 [1]

Core Points - Core Scientific did not receive enough votes to approve the merger agreement with CoreWeave, Inc. during a special meeting of stockholders [1] - The final voting results will be reported in a Form 8-K filed with the U.S. Securities and Exchange Commission [2] Company Overview - Core Scientific is a leader in digital infrastructure for high-density colocation services and digital asset mining, operating dedicated facilities across multiple states [3] - The company primarily earns revenue from digital asset mining but plans to increase revenue from high-density colocation services [3] - Core Scientific is in the process of converting existing facilities to support artificial intelligence-related workloads and next-generation colocation services [3]

智通财经APP获悉，根据市场交易信号显示，CoreWeave(CRWV.US)与数据中心供应商Core Scientific(CORZ.US)之间拟议的 90 亿美元合并交易在周四的关键股东投票前愈发面临不确定性。自 7 月宣布这项人工智能交易以来，所谓的交易价差一直呈负值状态，持续数月之久。CoreWeave 公司的全 股票收购报价的交易价格远低于 Core Scientific 公司的市场价。截至发稿，价差约为 3.70 美元，即 -17%。目标公司的股票价格则徘徊在与收购报价价值的最大溢价附近。 该价格走势表明市场对这笔交易能否顺利进行持怀疑态度，因为近几个月来，有关该交易结构和估值的 批评之声日益高涨。事件驱动型交易专家Cabot Henderson说道："大多数套利交易员都认为该交易已无 继续发展的可能了。" 最近几周，主要持股方Two Seas Capital称此次收购出价过低，并呼吁其他股东投反对票，而大型代理投 票顾问机构"ISS"也表达了同样的反对意见。 CoreWeave 为诸如 OpenAI 和微软(MSFT.US)等企业提供人工智能计算能力。该公司已拒绝了有关改善 其条款的提议，并表示 ...

Core Insights - The article compiles significant research calls from Wall Street that are influencing market movements [1] Upgrades Summary - Argus upgraded Warner Bros. Discovery (WBD) to Buy from Hold with a price target of $27, citing potential bidding wars that could increase offers [2] - H.C. Wainwright upgraded Core Scientific (CORZ) to Buy from Neutral with a price target of $25, anticipating that the proposed takeover by CoreWeave (CRWV) will not pass the shareholder vote [2] - UBS upgraded Upwork (UPWK) to Buy from Neutral with an unchanged price target of $21, expecting a return to positive services volume growth in the next two quarters due to improved web traffic and a shift towards higher-value services [2] - RBC Capital upgraded Cadence Bank (CADE) to Outperform from Sector Perform with a new price target of $47, increased from $43, aligning with Huntington (HBAN) following their merger announcement [2] - BofA upgraded RB Global (RBA) to Buy from Neutral with a price target of $120, believing the risk-reward profile has become more favorable after a recent share price pullback [2]

Core Viewpoint - Two Seas Capital LP opposes the proposed acquisition of Core Scientific by CoreWeave, arguing that it does not maximize shareholder value and urging shareholders to vote against the transaction [2][3][4] Company Prospects - Core Scientific is viewed as a best-in-class asset with low-cost power access, site construction expertise, strong infrastructure, and a promising future pipeline [3] - The company is expected to continue building its 700-megawatt pipeline, secure additional hosting contracts, and expand its footprint through existing data centers and new sites [3] Market Context - Since the announcement of the transaction in July 2025, investment in AI infrastructure has surged, leading to increased equity valuations for Core Scientific's peers [3] - If Core Scientific's stock traded in line with its peers, it would be valued at more than double the proposed transaction price of $16.40 per share [3] Shareholder Action - The vote on the CoreWeave transaction is scheduled for October 30, 2025, and shareholders are encouraged to reject the deal to capitalize on growth opportunities in the AI landscape [4][5]