Two Seas Capital Reduces Stake in Core Scientific, Inc. (CORZ) Below 5% Threshold

On April 23, 2026, Two Seas Capital LP, along with Two Seas Capital GP LLC and Sina Toussi, filed a Schedule 13D/A indicating a decrease in their position in Core Scientific, Inc. (CORZ). The reporting persons sold a significant number of shares through various funds and accounts, including the Two Seas Global (Master) Fund LP and Two Seas Strategic Investment Fund LP, between April 17 and April 23, 2026. Following these transactions, the reporting persons' collective beneficial ownership fell to 13,984,778 shares, representing approximately 4.4% of the common stock outstanding. This marks a decrease from the previously reported 5.7% ownership. As a result of dropping below the 5% threshold, the reporting persons have ceased to be beneficial owners of more than 5% of the issuer's common stock. The total share count includes 313,646 shares issuable upon exercise of warrants and options to purchase 3,000,000 shares. The sales were primarily open-market transactions with weighted average prices ranging roughly between $19.95 and $21.55 per share.