activistletters
Global Crossing Airlines (JET) Draws Activist Interest as Galloway Capital Pushes M&A or Going-Private Options
Summary
Galloway Capital disclosed that it has increased its stake in Global Crossing Airlines to 6.24%, reiterated its view
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,
activistletters
Yunqi Capital Challenges STAAR Surgical (STAA) Board, Rejects Alcon Merger Over Timing, Process, and Valuation
Summary
In a December 10, 2025 letter, Yunqi Capital reiterated its opposition to STAAR Surgical’s proposed sale to Alcon,
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
activistletters
Broadwood Partners Targets STAAR Surgical (STAA) Over Flawed Sale Process and Undervalued Alcon Offer
Summary
Broadwood Partners’ supplemental presentation argues that Alcon’s proposed acquisition of STAAR Surgical should be rejected because it is
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
activistletters
Lifeway Foods (LWAY): Smolyansky Shareholders Push Director Replacements and Challenge Governance Amid Danone Fallout
Summary
The presentation argues that Lifeway’s largest shareholders, Edward and Ludmila Smolyansky (26% owners), are pushing for board change
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:
activistletters
Scully Royalty (SRL): Activist Shareholder MILFAM LLC Accuses Board of Blocking Valid Director Nominees and Manipulating AGM Process
Summary
MILFAM LLC, a 13% shareholder of Scully Royalty, rejects the company’s claim that its director nominations were invalid,
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
activistletters
Alaunos Therapeutics (TCRT): Activist Shareholder Group Seeks Board Seat for Gerald W. Bruce Amid Strategic Concerns
Summary
The shareholder group holding 8.61% of Alaunos Therapeutics urges the board to accept their formal nomination of Gerald
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
activistletters
BILL Holdings (BILL): Activist Barington Capital Urges Board to Review Strategy and Reduce Costs as Growth and Monetization Slow
Summary
Barington Capital, a BILL shareholder, argues that despite the company’s strong positioning in B2B financial automation and solid
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,
activistletters
First Industrial (FR): Land & Buildings Presses Board on Mispriced Portfolio, Urges Steps to Unlock 30% NAV Upside
Summary
Land & Buildings argues that First Industrial (FR) is a high-quality industrial warehouse REIT trading at an unjustified discount
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
activistletters
Neuphoria Therapeutics (NEUP): Lynx1 Challenges Board’s Strategic Review and Capital Decisions, Refiles Offer and Nominates Two Independent Directors
Summary
Lynx1, the largest shareholder of Neuphoria, argues that the company’s severe value destruction—driven by failed trial design,
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
