Activism - individual company 13/16

May 24, 20232 min read

Shaltout and Desai Disclose Stake and Demand Accountability at Pacific Coast Oil Trust (ROYTL)

Key Summary: On November 7, 2024, Moe Shaltout and Ravi Desai disclosed a 10.7% active stake in the company, emphasizing their commitment...

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Ananthi.T 17BT002

May 17, 20233 min read

Star Equity Fund Reacts to Second Consecutive Adjournment of the Firsthand Technology Value Fund (SVVC) Annual Meeting

Key Summary: On November 25, 2022, Star Equity Fund (5.08%) expressed plans to discuss board composition, corporate governance, and...

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Ananthi.T 17BT002

May 15, 20232 min read

Cutera (CUTR) announced agreements with Pura Vida and RTW Investments; Voce Capital terminated its proxy solicitation

Key Summary: Cutera, Inc. ($280M market cap) faced a leadership dispute in April 2023, with Voce Capital and CEO Mowry seeking to remove...

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Kanmani Rex

May 4, 20232 min read

Primo Water announces agreement with Legion Partners

Key Summary: On March 6, 2023, Legion Partners (1.5%) called for the appointment of four nominees to the board to address the company's...

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Ananthi.T 17BT002

May 1, 20232 min read

Mill Road Capital Reached an Agreement with Natural Gas Services Group (NGS)

Key Summary: On April 28, 2023, Natural Gas Services Group agreed to appoint Mill Road Capital's nominees, Justin C. Jacobs and Donald J....

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Ananthi.T 17BT002

Apr 24, 20232 min read

Land & Buildings reached cooperation agreement with Ventas (VTR)

Key Summary: In Sep 2023, Land & Buildings criticized company underperformance, called for action. On Jan 11, 2024, Land & Buildings...

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Ananthi.T 17BT002

Apr 17, 20232 min read

Purple Innovation (PRPL)Announces Cooperative Framework with Coliseum Capital

Key Summary: Purple Innovation ($236M market cap) rejected Coliseum Capital's $4.35/share acquisition offer in 2023, leading to a...

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Ananthi.T 17BT002

Apr 17, 20232 min read

Shah Capital Management Roadmap to $100 Share Price at Veon Ltd (VEON)

Key Summary: Shah Capital (5.01% stake) criticizes VEON's underperformance despite selling Russian assets, solid results, and lifted...

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Ananthi.T 17BT002

Apr 14, 20234 min read

Weiss Asset Management secured a board seat in INNOVIVA, INC. (INVA)

Key Summary: Innoviva, Inc. focuses on biopharmaceuticals with a $1.2B market cap. Weiss Asset Management joined the board in 2023. In...

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Kanmani Rex

Apr 10, 20231 min read

Saga Communications (SGA) recommended TowerView candidate to the board

Key Summary: On April 7, 2023, the board recommended that Michael W. Schechter be elected to the Board at the company’s upcoming annual...

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Kanmani Rex

Apr 3, 20232 min read

Ancora Advisors reaches agreement with Ampco-Pittsburgh Corporation (AP)

Key Summary: Ancora Advisors, with a 5.6% stake, advocated for improved capital allocation, asset divestitures, strategic reviews, and...

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Ananthi.T 17BT002

Mar 27, 20231 min read

GM Holdings provided its nomination notice to Lithium Americas Corp (LAC)

Key Summary: Lithium Americas Corp. (M.Cap: $3.2B) received GM Holdings' (9.99%) nomination for Board election under the Investor Rights...

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Kanmani Rex

Mar 21, 20231 min read

Velan Capital initiated active stake in Praxis Precision Medicines, Inc

Key Summary: On March 20, 2023, Velan Capital disclosed 9.9% and stated that it intended to engage in communications with the board and...

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Ananthi.T 17BT002

Feb 26, 20231 min read

Starboard reached agreement with Rogers Corp

Key summary: On Feb 6, 2023, Starboard nominated six directors to Rogers Corporation. On Feb 26, 2023, a settlement expanded the board...

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Ananthi.T 17BT002

Feb 22, 20232 min read

Indaba Capital Management reaches agreement with ON24 (ONTF)

Key Summary: Indaba Capital urges board action to boost stock price and oversight. In Feb 2024, Letter Agreement secures Ronald P....

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Ananthi.T 17BT002

Dec 19, 20224 min read

Land & Buildings issues letter to Apartment Investment & Management (AIV) Board calling for sale process

Key Summary: Aimco, a $1.2B REIT, faced activist pressure from Land & Buildings (L&B). In 2020, L&B opposed Aimco's spin-off into AIR and...

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Kanmani Rex

Dec 8, 20221 min read

TowerView sent a letter to the Board of StealthGas Inc (GASS)

Key Summary: TowerView (5.2%) urged the Board on December 7, 2022, to consider liquidating assets and returning capital to shareholders....

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Kanmani Rex

Nov 16, 20222 min read

Janus Henderson Group appoints replacement nominee of Trian Fund to the Board

Key Summary: In October 2020, Trian Fund Management disclosed a 9.9% activist stake, intending to discuss strategic combinations with the...

4 views0 comments

Ananthi.T 17BT002

Nov 14, 20221 min read

Edenbrook Capital Initiated Discussions with Magnite Inc (MGNI)

Key Summary: On November 10, 2022, Edenbrook Capital (5.17%) initiated discussions with Magnite's management and Board on business...

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Ananthi.T 17BT002

Oct 31, 20222 min read

Rubric Capital Management Reaches Agreement with Mereo BioPharma Group (MREO)

Key Summary: Rubric Capital (14.32%) criticized Mereo's governance, urging cost optimization, asset review, and winding down clinical...

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