---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-038207"
form_type: "8-K"
ticker: "CORZ"
cik: "0001839341"
company_name: "Core Scientific, Inc./tx"
filed_at: "2025-10-15T23:59:59+00:00"
generated_at: "2026-05-17T03:46:52.756457+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Core Scientific proposes merger with CoreWeave in all-stock deal at 71% premium

## Summary
- Stockholders to receive 0.1235 CoreWeave shares per CORZ share — 71% premium to 10-day VWAP as of June 25, 2025.
- Implies 8.9% pro forma ownership in combined company; CoreWeave initially offered 0.092 exchange ratio.
- Board unanimously recommends FOR vote at special meeting on October 30, 2025; HSR waiting period expired.
- Expected $500mm+ in annual GAAP cost savings by end of 2027 via lease elimination and operational synergies.
- De-risks Core Scientific's ~$7.3bn pipeline CapEx and eliminates need to raise substantial debt financing.

## SEC filing metadata
- accession: 0001140361-25-038207
- form_type: 8-K
- ticker: CORZ
- cik: 0001839341
- company_name: Core Scientific, Inc./tx
- filed_at: 2025-10-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1839341/000114036125038207/0001140361-25-038207-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1839341/000114036125038207/ef20057150_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-038207
- JSON: https://secwatch.observer/filing/0001140361-25-038207.json
- Plain text: https://secwatch.observer/filing/0001140361-25-038207.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.