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ISS Urges Rejection of CoreWeave's $9B Acquisition Deal

10/22/2025

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Summary

Story summary

Institutional Shareholder Services (ISS) recommended that investors reject CoreWeave's proposed $9 billion acquisition of Core Scientific ahead of October 30 vote.
ISS cited Core Scientific's standalone success and raised concerns about the deal's structure and valuation.
Two Seas Capital, holding 6.2% of Core Scientific, plans to vote against the deal.
CoreWeave's CEO reaffirmed that the current offer will not be increased.
CoreWeave's shares fell and Core Scientific's rose nearly 5%.

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Story summary

Institutional Shareholder Services (ISS) recommended that investors reject CoreWeave's proposed $9 billion acquisition of Core Scientific ahead of October 30 vote.
ISS cited Core Scientific's standalone success and raised concerns about the deal's structure and valuation.
Two Seas Capital, holding 6.2% of Core Scientific, plans to vote against the deal.
CoreWeave's CEO reaffirmed that the current offer will not be increased.
CoreWeave's shares fell and Core Scientific's rose nearly 5%.