CoreWeave, Inc. (CRWV) saw its shares drop by 23.8% due to a $9 billion merger plan with Core Scientific, Inc. (CORZ) and an investigation by a shareholder law firm. The two companies signed a definitive agreement for CoreWeave to acquire Core Scientific in an all-stock deal, with shareholders receiving 0.1235 newly issued shares of CoreWeave’s Class A common stock. The merger has sparked a probe by former Louisiana attorney general Charles Foti, Jr. and law firm Kahn Swick & Foti, LLC to determine if the deal undervalues the company.

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Read more at Yahoo Finance: CoreWeave (CRWV) Nosedives 23.8% as Investors Turn Sour on $9-Billion Core Scientific Merger