Snowball Research
Sub $5B US stocks research hub
Activist Companies
Investor Group reaches agreement with Pasithea Therapeutics (KTTA)
Key Summary: In 2022, Camac Partners and Leonite Capital (5.8%) launched an activist campaign at Pasithea, citing poor stock performance, governance issues, and dilutive acquisitions. They sought to remove
Camac Partners increased its stake in Liberated Syndication (LSYN)
Key Summary: Between April and October 2019, Camac Fund (initially 6.3%) led an activist campaign at Liberated Syndication, seeking to call a special meeting to remove all directors, elect
Cedar Realty Trust (CDR) reaches amendment to the agreements with Camac Partners and Ewing Morris & Co
Key Summary: In 2021, multiple activists engaged the company. Ewing Morris (8.1%) nominated its CEO Darcy Morris for board election. Camac Fund (initially 4.8%, later 5.2%) released
Chain of Lakes Investment Fund challenges PCTEL Board on shareholder value
Axonic Capital initiated discussions with Power REIT (PW)
Key Summary: On July 25, 2024, Axonic Capital had discussed with the management various strategies to enhance shareholder value, including potential recapitalization and other strategic alternatives.
Atlas Investissement secured a board seat in Millicom International Cellular
Key Summary: On March 23, 2023, Atlas (21%) joined the company’s Nomination Committee, which considered Atlas reps for board roles. On April 21, the company nominated ten directors for
Askeladden Capital Management initiates active stake in Computer Task Group
Key Summary: On March 10, 2023, Askeladden Capital Management (5%) criticized the company’s performance and urged share buybacks and stronger investor relations to highlight its ongoing transformation.
Apeiron Investment Group withdrew its nomination at Sensei Biotherapeutics
Key Summary: On November 2022, Apeiron Investment Group (11–14.5%) called for urgent action at the company, including possible liquidation, citing strategic missteps and value destruction. On March 9,
Hasbro (HAS) shareholders re-elect all incumbent directors at annual meeting
Key Summary: On February 17, 2022, Alta Fox (2.5%) launched a proxy campaign at Hasbro, pushing for a spinoff of Wizards of the Coast and strategic reforms to unlock
Alta Fox Capital Management opposes the announced merger of Collectors Universe
Key Summary: On June 18, 2020, Alta Fox (5.4%) nominated six directors and urged governance changes at CLCT, citing undervaluation and poor execution. Despite a later settlement adding two
Lion Fund II Concludes Tender Offer at Biglari Holdings (BH)
Land & Buildings withdraws director nominations in American Homes 4 Rent Board
Key Summary: In early 2020, Jonathan Litt of Land & Buildings criticized AMH as undervalued compared to INVH, estimating 35%+ upside, and announced it as one of their largest investments.
Chain of Lakes reaches agreement with Lantronix (LTRX)
Galloway Capital Partners Urges Babcock & Wilcox Enterprises (BW) to Unlock Value, Citing Growth and Strategic Opportunity
Gary S. Rosenbach reaches agreement with Harte Hanks (HHS)
Key Summary: On May 14, 2025, Rosenbach entered into a cooperation agreement with the company, agreeing to standstill provisions