ISS and Two Seas Capital Oppose CoreWeave’s Acquisition of Core Scientific (CORZ)

Core Viewpoint - Core Scientific, Inc. (NASDAQ:CORZ) is viewed as capable of thriving independently, with opposition to its proposed $9 billion acquisition by CoreWeave [2][3][5] Group 1: Acquisition Opposition - Institutional Shareholder Services (ISS) recommends voting against CoreWeave's acquisition, citing Core Scientific's historical success [2] - Two Seas Capital, the largest active shareholder of CORZ, supports ISS's recommendation and emphasizes the company's potential for significant upside independently [3] - Concerns are raised regarding the valuation and fixed exchange ratio of the proposed deal, which may expose shareholders to increased risks [5] Group 2: Market Reaction - Following ISS's recommendation, CORZ shares surged over 5% in post-market trading, indicating growing investor support for independence [5] - In contrast, CoreWeave's shares have declined approximately 15% since the announcement of the proposed transaction [5] Group 3: Company Operations - Core Scientific, Inc. operates in digital asset mining and high-performance computing services through its self-mining, hosted mining, and HPC segments in the U.S. [6]