Altai Capital Management entered into a Cooperation Agreement with Digimarc Corp (DMRC)

Market Cap: $255 million | Digimarc Corporation, together with its subsidiaries, provides digital watermarking solutions in the United States and internationally.

On April 14, 2025, Ocho Investments (5.2%) delivered a presentation to the Board urging the independent directors to replace the CEO, citing declining revenues, weakened cash position, a 60% stock drop, and significant layoffs, including key R&D staff. Ocho criticized the CEO for delayed disclosure of major customer loss—potentially constituting securities fraud—and a compensation structure misaligned with shareholder interests. It believes new leadership could unlock significant growth and long-term value ($3B+ ARR potential), offering support in CEO selection and potential financing. They illustrated potential future success with revenue projections ranging from $130 million to $3.9 billion, which could translate to a stock price between $28 and $2,129

On July 28, 2025, Altai Capital Management (12.8%) entered into a Cooperation Agreement, under which Mr. Bajaj joined the Board and agreed to certain standstill terms.