Core Scientific in its cooperation agreement with Two Seas Capital

On February 18, 2026, Core Scientific, Inc. entered into a cooperation agreement with Two Seas Capital LP. Pursuant to the Cooperation Agreement, Core Scientific agreed to add three new independent directors to the board, and one current director will not be nominated for re-election at the 2027 annual meeting of stockholders. Two Seas agreed to customary standstill, voting and related provisions.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Core Scientific.