CoreWeave, Inc. Announces Automatic Termination of Series C Convertible Preferred Stock Put Right

Summary

On September 25, 2025, CoreWeave, Inc. reported the automatic termination of the 'put' right related to its legacy Series C convertible preferred stock, which was previously set to be exercised on the first trading day after March 31, 2027. This termination resulted in the reclassification of the company's redeemable Class A common stock into Class A common stock within stockholders' equity, thereby increasing stockholders' equity by $1.2 billion.