M&A - CoreWeave, Inc.

Form Type: CORRESP

Filing Date: 2025-03-05

Corporate Action: Acquisition

Type: Update

Accession Number: 000119312525047504

Filing Summary: On March 5, 2025, CoreWeave, Inc. submitted a letter to the SEC detailing the fair values of its Class A Common Stock as part of their registration statement (File No. 333-285512) originally confidentially submitted on December 16, 2024 and publicly filed on March 3, 2025. The document requests confidential treatment for certain information regarding Restricted Stock Units (RSUs) granted from December 9, 2024, through March 5, 2025, and discusses the fair value determinations based on various factors including third-party valuations and the company's market position. The RSUs granted during this period were detailed with specific grant dates and fair values per share. Additionally, the company indicated its intention to conduct a forward stock split and noted preliminary price ranges for an upcoming IPO. A definitive agreement was referenced concerning an acquisition that would be primarily paid in 1.0 million shares of Common Stock, aimed at enhancing the company’s platform and revenue growth. Overall, the letter outlines the company’s progress toward going public, including positive investor feedback and favorable market conditions relating to AI and cloud infrastructure, all deemed necessary to establish appropriate fair values for its Common Stock.