Two Seas Capital Moves to Block $9B CoreWeave Deal Over Low Valuation

TLDR: Two Seas Capital opposes $9B CoreWeave deal, calling it undervalued and poorly structured. Shareholders would only get CoreWeave stock, exposing them to volatile price swings. Two Seas holds 6.3% of Core Scientific and urges better terms before approving a merger. Firm says no urgency to sell, citing strong market position and rising computing demand.  [...]

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