Core Scientific enters cooperation agreement with Two Seas Capital; appoints three new independent directors

Core Scientific, Inc./tx

Company agrees to appoint first new independent director by March 15, 2026, second by Sept 15, 2026, third before 2027 annual meeting.
Chairman Jordan Levy will not stand for re-election at the 2026 annual meeting; one other current director not nominated at 2027 meeting.
Two Seas agrees to standstill for one year; voting commitments through 2027 annual meeting; board size capped at nine until 2027.
Board will elect a new Chairman from directors elected at 2026 annual meeting.

item 1.01 item 5.02 item 9.01

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