Research Team

activistcompany

Investor Group Plans 24.9% Stock Purchase and Board Nominations at Farmers and Merchants Bancshares, Inc (FMFG) for 2025

Key Summary: On November 27, 2024, Barry J. Renbaum and Carol E. Renbaum (the "Investor Group") confirmed their

28 Nov

activistletters

Kellner Group, AIM’s Largest Stockholder, Nominates Four Directors to Overhaul AIM ImmunoTech (AIM) After 99% Stock Price Collapse

Summary The Kellner Group—led by Ted Kellner, AIM’s largest stockholder, and joined by Todd Deutsch, Robert L. Chioini,

27 Nov

activistcompany

Sincerity Australia Pty Ltd urged Stevia Corp (STEV) shareholders to remove Chairman Over Fraud Allegations

Key Summary: On November 25, 2024, Sincerity Australia Pty Ltd accused Chairman Kenneth Maciora of fraud and mismanagement, urging his

27 Nov

activistletters

Sincerity Applied Materials Calls for Removal of Stevia Corp (STEV) Chairman Kenneth Maciora Over Fraud, Mismanagement Allegations

Summary Sincerity Applied Materials, on behalf of Sincerity Australia, is urging Stevia Corp shareholders to act against Chairman Kenneth Maciora,

26 Nov

activistletters

Stadium Capital (11.7%) Pressures Sleep Number (SNBR) Board to Fix Flawed CEO Search, Add Directors, and End Value Destruction

Summary Stadium Capital, Sleep Number’s largest shareholder with an 11.7% stake, is demanding urgent governance and leadership changes,

25 Nov

activismweekly

13D weekly report - Nov 18, 2024 to Nov 22, 2024

Table of content Waterous Energy Fund Requisitions Special Meeting of Shareholders of Greenfire Resources Ltd. (GFR) for the Purpose of

23 Nov

activistletters

Wynnefield Capital (7%) Launches Proxy Fight at TechPrecision (TPCS), Slams M&A Debacles, Governance Failures, and Value Destruction

Summary Wynnefield Capital, a 7% holder of TechPrecision, is urging shareholders to back its nominees, General Victor Renuart (Ret.) and

22 Nov

activistcompany

Mantle Ridge secured three Board seats at Air Products And Chemicals, Inc. (APD)

Key Summary: On November 19, 2024, Mantle Ridge filed proxy materials nominating nine nominees for election to the Board at

20 Nov

activistletters

NMM Investor (7.2%) Pressures Navios Maritime Partners (NMM) to Remove Anti-Takeover Provisions, Accelerate Buybacks, and Pursue Sale Near $150 NAV

Summary An NMM unitholder with a 7.2% stake issued a fresh 13D update criticizing Chair/CEO Angeliki Frangou for

20 Nov

activistcompany

Shareholders voted to elect all six company's director nominees to the board of Mind Medicine (MNMD)

Key Summary: On April 21, 2023, FCM MM Holdings (3.5%) filed proxy materials to nominate four director candidates, citing

19 Nov

activistcompany

Griffon Corporation (GFF) announces entry into cooperation agreement with Voss Capital

Key Summary: On December 29, 2022, Voss Capital (5%) nominated seven director candidates for Griffon's 2023 AGM, and

16 Nov

activismweekly

13D weekly report - Nov 11, 2024 to Nov 15, 2024

Table of content ISS and Glass Lewis Agree Biglari Capital Has Made Compelling Case for Change at Cracker Barrel  Old

16 Nov

activistcompany

Legion Partners remains committed to unlocking potential at OneSpan (OSPN)

Key Summary: On August 14, 2023, Legion Partners Asset Management (8.7%) sent a letter to the Board criticizing the

15 Nov

activistletters

Sardar Biglari (13-Year Investor) Presses Cracker Barrel (CBRL) to Add Turnaround Expertise, Slams $700M Remodel Plan and 70% Shareholder Losses

Summary Sardar Biglari is urging Cracker Barrel shareholders to vote the GOLD card for himself and Milena Alberti-Perez, arguing the

14 Nov

activistletters

Murchinson (7.1%) Presses Nano Dimension (NNDM) for Board Change, Blasts Yoav Stern’s Value-Destructive M&A, Cash Burn, and Poison Pill

Summary According to Murchinson’s November 13, 2024 presentation, the fund urged shareholders to back its nominees at Nano Dimension’

13 Nov

activistletters

Steel Connect Proposes $162M Financing to DMC Global (BOOM), Seeks Board Seats and End to Poison Pill Amid Arcadia Put Option Overhang

Summary Steel Connect, a significant investor in DMC Global, sent a proposal to the Board outlining concerns over poor results,

13 Nov

activistcompany

Azenta (AZTA) reaches agreement with Politan Capital

Key Summary: On November 1, 2023, Politan Capital (7.61%) discussed business strategies and corporate governance with the company'

13 Nov

activistletters

Al Shams (9.8%) Signals Possible Proxy Fight at Braemar (BHR), Slams Monty Bennett Conflicts and Soaring Fees to Ashford Entities

Summary Al Shams Investments, a 9.8% holder of Braemar, warned fellow stockholders of severe governance failures tied to Chairman

12 Nov