Big investor threatens revolt over CoreWeave’s deal for Core Scientific
Hedge fund Two Seas Capital says tie-up’s structure is ‘deficient’ and could undervalue the target
Hedge fund Two Seas Capital says tie-up’s structure is ‘deficient’ and could undervalue the target

Some investment funds may vote against deal unless protections are added to limit the potential downside

Deal’s collapse could hurt CoreWeave plans to meet growth plans that have driven soaring stock price

New filing shows internal deliberations that preceded takeover deal that has rankled some shareholders

Director Jack Cogen offloads stake with an aggregate market value of about $300mn

Data centre group has ridden wave of enthusiasm for artificial intelligence

AI start-up held talks with Google and other cloud providers in bid to revive ambitious 2-gigawatt Texas project