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Activist Letters and Presentations

A curated feed of letters and presentations from activist investors.

activistletters

Galloway Capital Partners Builds 5.19% Stake in Ampco Pittsburgh (AP), Urges Board to Explore Strategic Alternatives

December 19, 2025 Ampco Pittsburgh Corp. 726 Bell Avenue, Suite # 301 Carnegie, PA 15106 Attn: J. Brett McBrayer, Chief Executive
Dec 19, 2025
activistletters

Broadwood Partners Urges STAAR Surgical (STAA) Shareholders to Reject Alcon Deal, Calls for Board and Leadership Changes

STAAR Surgical Company 25510 Commercentre Dr. Lake Forest, CA 92630 Dear Members of the Board: Since the announcement of STAAR’
Dec 17, 2025
activistletters

Altai Capital Escalates at OraSure Technologies (OSUR), Nominates Directors and Slams Strategy and Capital Allocation

December 17, 2025 VIA EMAIL Mr. John P. Kenny Chairman of the Board OraSure Technologies, Inc. 150 Webster St. Bethlehem,
Dec 17, 2025
activistletters

Galloway Capital Raises Stake to 6.24% in Global Crossing Airlines (JET), Urges Strategic Alternatives Review

December 16, 2025 Global Crossing Airlines Group, Inc. 4200 NW 36th Street, Building 5A Miami International Airport, 4th Floor Miami,
Dec 16, 2025
activistletters

STAAR Surgical (STAA): Yunqi Capital Opposes Alcon Deal, Citing Flawed Go-Shop and Poor Board Oversight

December 10, 2025 Dear Fellow STAAR Shareholders: We are writing to share with you our continued opposition to the proposed
Dec 11, 2025
activistletters

STAAR Surgical (STAA): Broadwood Partners Blasts Board Process and Urges Shareholders to Reject Alcon Deal

Company Name: STAAR Surgical Company Symbol: STAA Filing Date: Dec-11-2025 Filer Name: Broadwood Partners, L.P. Download PresentationBroadwood Partners-Dec-11-2025.pdf2
Dec 11, 2025
activistletters

Lifeway Foods (LWAY): Edward and Ludmila Smolyansky Escalate Campaign for Board Overhaul and Governance Reform

Company Name: Lifeway Foods, Inc. Symbol: LWAY Filing Date: Dec-08-2025 Filer Name: Smolyansky Edward Download PresentationEdward Smolyansky-Dec-08-2025.pdf9 MBdownload-circle Source:
Dec 8, 2025
activistletters

Scully Royalty (SRL): MILFAM LLC Challenges Board After Company Rejects Director Nominations and Issues Disputed Proxy Statement

Sangra Moller LLP Suite 2200, 1021 Hastings Street Vancouver BC Canada V6E 0C3 Attention: Rod Talaifar Dear Sir/Madam ANNUAL
Dec 8, 2025
activistletters

Alaunos Therapeutics (TCRT) Shareholders Led by Adrian Price Nominate Gerald W. Bruce to Board in Governance Push

Adrian Price On behalf of the undersigned shareholders December 4, 2025 To the Board of Directors Alaunos Therapeutics, Inc. 2617
Dec 5, 2025
activistletters

BILL Holdings (BILL): Barington Capital Presses for Cost Cuts and Strategic Alternatives Amid Sharp Shareholder Underperformance

December 4, 2025 Ms. Allie Kline Lead Independent Director BILL Holdings, Inc. 6220 America Center Drive, Suite 100 San Jose,
Dec 4, 2025
activistletters

First Industrial Realty Trust (FR): Land & Buildings Pushes for Asset Sales, Capital Returns, and Strategic Alternatives to Close NAV Discount

Company Name: First Industrial Realty Trust, Inc. Symbol: FR Filing Date: Dec-03-2025 Filer Name: Land & Buildings Investment Management, LLC
Dec 3, 2025
activistletters

Neuphoria Therapeutics (NEUP): Lynx1 Master Fund Slams Board Over Dilution, Governance Failures, and Launches Bid to Elect Independent Directors

December 2, 2025 Dear Fellow Neuphoria Shareholders, Lynx1 Master Fund LP (together with its affiliates, “Lynx1” or “we”) is currently
Dec 3, 2025
activistletters

Galloway Capital Pressures Noodles & Company (NDLS) to Sell Stores and Cut Debt in Activist Value Push

December 1, 2025 Joe Christina President and Chief Executive Officer Noodles & Company 520 Zang Street, Suite D Broomfield, CO
Dec 2, 2025
activistletters

Engine Capital Pressures UniFirst (UNF) on Governance Failures and Demands Strategic Review After Rejected Takeover Offers

Company Name: UniFirst Corporation Symbol: UNF Filing Date: Dec-01-2025 Filer Name: Engine Capital LP Download PresentationEngine Capital-Dec-01-2025.pdf3 MBdownload-circle Source:
Dec 1, 2025
activistletters

UniFirst Corporation (UNF): Engine Capital Slams Governance Failures and Urges Immediate Strategic Review, Including a Potential Sale

UniFirst Corporation 68 Jonspin Road Wilmington, Massachusetts 01887 Attention: Joseph M. Nowicki, Sergio A. Pupkin, Raymond C. Zemlin, Cecilia McKenney,
Dec 1, 2025
activistletters

Neuphoria Therapeutics (NEUP): Lynx1 Capital Pushes Board Shake-Up After Dilution, Missteps, and Failed Phase 3 Trial

Company Name: Neuphoria Therapeutics Inc. Symbol: NEUP Filing Date: Nov-26-2025 Filer Name: Lynx1 Capital Management LP Download PresentationLynx1-11-26-2025.pdf7 MBdownload-circle
Nov 26, 2025
activistletters

Cannae Holdings (CNNE): Carronade Capital Demands Board Overhaul Amid Value Destruction and Conflicted Governance

Company Name: Cannae Holdings, Inc. Symbol: CNNE Filing Date: Nov-24-2025 Filer Name: Carronade Capital Management LP. Download PresentationCarronade-Nov-24-2025.pdf2 MBdownload-circle
Nov 24, 2025
activistletters

Orion Properties (ONL): The Kawa Fund nominates five directors in advance notice, launching proxy push.

Company Name: Orion Properties Inc. Symbol: ONL Filing Date: Nov-18-2025 Filer Name: Kawa Capital Management, Inc Download Nomination LetterNotice of
Nov 18, 2025
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