Two Seas Capital LP Reports 5.7% Stake in Core Scientific, Inc. Following Active Trading Period

Two Seas Capital LP, along with Two Seas Capital GP LLC and Sina Toussi, filed an amended Schedule 13D/A on April 16, 2026, regarding their holdings in Core Scientific, Inc. (CORZ). The reporting persons collectively beneficially own 17,918,778 shares of common stock, representing approximately 5.7% of the class. This total includes 313,646 shares issuable upon the exercise of warrants and options to purchase 3,534,000 shares. The filing details extensive trading activity across multiple funds—Two Seas Global (Master) Fund LP, Two Seas Strategic Investment Fund LP, and various managed accounts—between March 24, 2026, and April 15, 2026. Transactions included both open-market purchases and sales of common stock, as well as complex options activity including the purchase and sale of puts and calls with varying exercise prices ($10 to $27) and expiration dates. The securities were acquired using the working capital of the respective funds and accounts. Sina Toussi, as Chief Investment Officer and Managing Member, exercises voting and investment power over the shares.