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Snowball Research Team

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Peter J Nolan

I. Basics Peter Nolan Mr. Nolan currently serves as the chairman of Nolan Capital, Inc., which he founded in 2014
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Nexpoint Real Estate Opportunities, LLC

I. Basics NexPoint is an alternative investment firm operating across different industries and asset classes focusing on real estate, corporate
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Negari Daniel Moshe

I. Basics Daniel Negari is the Founder and CEO of XYZ, a leading domain registry operator best known for launching
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Nano Dimension Ltd.

I. Basics Nano Dimension (Nasdaq: NNDM) is a provider of intelligent machines that are changing the way the world manufactures.
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Hartman Shareholder Alliance Criticizes Silver Star Properties REIT (SSPN) for Blocking Shareholder Vote, Urges Support in Proxy Battle for Accountability

Summary On June 18, 2025, Al Hartman and the Hartman Shareholder Alliance informed Silver Star Properties REIT shareholders that legal
activistletters

Charles Frischer Urges Regional Health Properties (RHE) Board to Pursue $4.00/Share Buyout Offer, Criticizes SunLink Merger Plan

Summary On June 18, 2025, Charles Frischer, Regional Health Properties’ largest common and preferred shareholder, urged the Board to engage
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Land & Buildings Warns National Healthcare Corp. (NHC) Faces Up to 38% EBITDA Hit in Lease Standoff with National Health Investors (NHI)

Summary Land & Buildings warned that National Healthcare Corp. (NHC) faces major downside risk as its long-standing, below-market lease with
activistletters

Askeladden Capital Challenges AstroNova (ALOT) Board Over Strategy, Governance, and Capital Allocation in Proxy Fight

Summary On June 17, 2025, Askeladden Capital issued a detailed letter to AstroNova shareholders defending its nominees and criticizing the
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Marlton Partners Demands Special Meeting at 180 Degree Capital (TURN), Citing Governance Failures and Mount Logan Deal Concerns

Summary On June 17, 2025, Marlton Partners and affiliated TURN shareholders, owning over 10% of 180 Degree Capital Corp. (NASDAQ:
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Hartman Shareholder Alliance Blasts Silver Star Properties REIT (SSPN) for Mismanaged Asset Sales, Urges Vote for Disciplined Liquidation and Capital Return

Summary On June 17, 2025, the Hartman Shareholder Alliance criticized Silver Star Properties’ asset liquidation strategy, calling it a case
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Logos Global Management Reiterates Urgent Strategic Reset with $700M Capital Return and Cost Cuts at Arvinas, Inc. (ARVN)

Key Summary: On June 10, 2025, Logos Global Management (6.4%) urged the board to undertake a strategic reset, calling
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BML Capital Opposes Ikena (IKNA) -Inmagene Merger, Urges Winddown and Cash Return

Key Summary: On June 16, 2025, BML Capital (8.4%) opposed Ikena’s merger with Inmagene, calling Inmagene overvalued and
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Mithaq Capital

I. Basics Mithaq Capital is a private, venture capital firm based in Riyadh, Saudi Arabia, that focuses on opportunistic investments
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Mint Capital Advisors Ltd

I. Basics Mint Capital Advisors Ltd (commonly “Mint Capital”) is a wealth management and investment advisory firm based in the
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Jonathan Milner

I. Basics Jonathan Milner is the co-founder and current Deputy Chairman of Abcam plc, and a seasoned entrepreneur and investor
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MFN Partners, LP

I. Basics MFN Partners Management is a Boston-based hedge fund managing over $9.1 billion in discretionary assets as of
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MCI, LC

I. Basics MCI is an American multinational conglomerate holding company headquartered in Miami Beach, FL, USA. With a diverse lineup
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Marlton Partners

I. Basics Marlton Partners L.P. is a Chicago-based, privately held investment firm led by James C. Elbaor. The firm