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Activist Letters and Presentations

A curated feed of letters and presentations from activist investors.

activistletters

Yunqi Capital (5.1%) urges STAAR Surgical (STAA) board to terminate Alcon merger after special-meeting adjournment

Yunqi Capital Issues Letter to STAAR Surgical Board Calling for Termination of the Proposed Merger with Alcon Questions Company’s
Nov 3, 2025
activistletters

Biglari Capital Targets Cracker Barrel (CBRL) Over “Failed Transformation Plan” and CEO Julie Masino’s Leadership

Company Name: Cracker Barrel Old Country Store, Inc. Symbol: CBRL Filing Date: Nov-03-2025 Filer Name: Biglari Capital Corp Download PresentationBiglari-Cracker-Nov-03-2025.
Nov 3, 2025
activistletters

Hartman Shareholder Alliance Blasts Silver Star Properties REIT (SLVS) for Governance Failures, Delays, and Unequal Share Distribution

Silver Star’s Deception and the Accountability You Deserve October 27, 2025 Dear Shareholder, "Woe to those who call
Oct 28, 2025
activistletters

Two Seas Capital Urges Core Scientific (CORZ) Shareholders to Reject CoreWeave Sale, Citing Major Upside as a Standalone AI Infrastructure Leader

Two Seas Capital Expresses Enthusiasm for Core Scientific’s Future Prospects Issues Letter to Shareholders Highlighting Significant Upside Potential If
Oct 28, 2025
activistletters

Carronade Capital (3.2% Stakeholder) Launches Proxy Fight at Cannae Holdings (CNNE), Citing Governance Failures and Value Destruction

Carronade Capital Files Definitive Proxy Statement for Cannae’s 2025 Annual Meeting Cannae’s Reactive Actions Do Not Go Far
Oct 28, 2025
activistletters

Yunqi Capital urges STAAR Surgical (STAA) to reject adjournment and move beyond Alcon $28 bid

Yunqi Capital Issues Letter to STAAR Surgical Board Opposing Adjournment of the Special Meeting and Calling for the Company to
Oct 27, 2025
activistletters

Biglari Capital Presses Cracker Barrel (CBRL) to Oust CEO Julie Masino After $700 Million Rebrand Failure and $1.2 Billion Value Destruction

Company Name: Cracker Barrel Old Country Store, Inc. Symbol: CBRL Filing Date: Oct-24-2025 Filer Name: Biglari Capital Corp Download PresentationBiglari-Cracker-Oct-24-2025.
Oct 24, 2025
activistletters

Broadwood Partners (27.5% Holder) Slams STAAR Surgical (NASDAQ: STAA) and Alcon (NYSE: ALC) for Delaying Shareholder Vote on Sale

Broadwood Partners Condemns Decision by STAAR Surgical and Alcon to Delay Final Vote on Proposed Transaction Appalled that STAAR’s
Oct 24, 2025
activistletters

Hartman Group Pressures Silver Star (SLVS) Board to End Costly Litigation and Hold Delayed Shareholder Meeting

On October 22, 2025, the Hartman Group distributed the following letter to shareholders: Breaking the Piggy Bank: Follow the Money
Oct 22, 2025
activistletters

Investor George Walter Loewenbaum Urges CollPlant Biotechnologies (CLGN) to Appoint Homi Shamir as Chairman Amid Market Confidence Concerns

George Walter Loewenbaum Rocky Point Ventures, LLC 1000 Westbank Dr., Suite #2A Austin, TX 78746 October 20, 2025 Yahiel Tal
Oct 21, 2025
activistletters

Hartman Group Urges Shareholders to Vote BLUE Amid Court Battle with Silver Star Over Proxy Validity (October 17, 2025)

On October 17, 2025, the Hartman Group distributed the following letter to shareholders: October 17, 2025 Dear Shareholder, Today is
Oct 21, 2025
activistletters

Starboard Value Calls for Strategic Overhaul at Tripadvisor (TRIP), Urging Sale of TheFork and Margin Boost at Viator

Company Name: Tripadvisor, Inc. Symbol: TRIP Filing Date: Oct-21-2025 Filer Name: Starboard Value LP. Download PresentationStarboard-trip-Oct-21-2025.pdf2 MBdownload-circle Source: https:
Oct 21, 2025
activistletters

Starboard Value Urges Fluor Corporation (FLR) to Unlock Value Through NuScale Stake Separation and Focus on Core EPCM Business

Company Name: Fluor Corporation Symbol: FLR Filing Date: Oct-21-2025 Filer Name: Starboard Value LP Download PresentationStarboard-Flour-Oct-21-2025.pdf2 MBdownload-circle Source: https:
Oct 21, 2025
activistletters

Starboard Value Presses BILL Holdings (BILL) to Boost Profitability and Achieve ‘Rule of 40’ Targets After Board Deal

Company Name: BILL Holdings, Inc. Symbol: BILL Filing Date: Oct-21-2025 Filer Name: Starboard Value LP Download PresentationStarboard-Bill-Oct-21-2025.pdf2 MBdownload-circle Source:
Oct 21, 2025
activistletters

Yunqi Capital — Chris Wang urges STAAR Surgical (STAA)board to hold Oct 23 special meeting, opposes Alcon merger over flawed sale process

Yunqi Capital Issues Letter to STAAR Surgical’s Board Calling for Timely Convening of the Special Meeting to Vote on
Oct 21, 2025
activistletters

Al Hartman urges Silver Star Properties (SLVS) shareholders to vote BLUE after court rejects company’s bid to void proxy votes

Dear Shareholder, Tomorrow is the last day to vote. Silver Star was in court today attempting to void all blue
Oct 21, 2025
activistletters

Silver Star Properties (SLVS) — Al Hartman (Hartman Shareholder Alliance) condemns sixth meeting postponement, demands shareholder vote on board nominees

Enough is Enough: The Pattern of Endless Delays October 20, 2025 Dear Shareholder, Silver Star has once again postponed the
Oct 21, 2025
activistletters

Hartman Shareholder Alliance Urges Silver Star (SLVS) Investors to Vote for Board Change and Capital Return

Your Last Chance to Vote to Get Your Money Back October 14, 2025 Dear Shareholders, With the shareholder meeting rapidly
Oct 15, 2025
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