<p>Two Seas Capital will initiate a public proxy fight unless CoreWeave improves the financial terms in the proposed acquisition of Core Scientific. Two Seas stated in a letter that there is a lack of compelling reasons for CoreWeave to acquire Core Scientific at a low price under a different structure. Earlier in August, certain top shareholders of Core Scientific considered voting against CoreWeave's acquisition unless the latter modifies the terms in the coming weeks. (Financial Times)</p>

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<p>Two Seas Capital will initiate a public proxy contest unless CoreWeave improves the financial terms of its acquisition of Core Scientific. Two Seas pointed out in a letter that CoreWeave lacks a compelling rationale for acquiring Core Scientific at a low price. Some of Core Scientific's top shareholders are considering voting against CoreWeave's acquisition unless the latter modifies the terms in the coming weeks</p>

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