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Activist Letters and Presentations

A curated feed of letters and presentations from activist investors.

activistletters

Shah Capital (7.2% Stakeholder) Urges Novavax (NVAX) to Launch Strategic Review, Citing Persistent Failures and Governance Breakdown

October 13, 2025 Board of Directors of Novavax Inc. 21 Firstfield Rd. Gaithersburg, MD 20878 Dear Directors, Shah Capital is
Oct 14, 2025
activistletters

Hartman Shareholder Alliance Accuses Silver Star Properties (SLVS) of Using Legal Tactics to Void Votes and Delay Shareholder Meeting

Setting the Record Straight on Silver Star's Contradictory Actions October 10, 2025 Dear Shareholders, Contradiction: Audits vs. Legal
Oct 10, 2025
activistletters

Hartman Shareholder Alliance Urges Silver Star Properties (SLVS) Investors to Vote Blue, Citing Mismanagement and Loan Defaults

Restoring Integrity to Silver Star October 8, 2025 Dear Shareholder, A new feature published this week, "Real Estate Veteran
Oct 10, 2025
activistletters

Broadwood Partners (27.5% Holder) Blasts STAAR Surgical (STAA) Board for Rushing to Reaffirm Alcon (NYSE: ALC) Sale Amid Fiduciary Concerns

Broadwood Partners Issues Letter to STAAR Surgical’s Board Questioning Its Diligence in Rush to Reaffirm Support for Alcon Sale
Oct 10, 2025
activistletters

Two Seas Capital LP Urges Core Scientific (CORZ) Shareholders to Reject CoreWeave Merger Over Flawed Process and Undervaluation

Company Name: Core Scientific, Inc. Symbol: CORZ Filing Date: Oct-10-2025 Filer Name: Two Seas Capital LP Download PresentationTwo Seas Capital
Oct 10, 2025
activistletters

Lululemon (LULU) Founder Chip Wilson Slams Board for Losing Brand Vision and Creative Culture, Calls for Product-Led Revival

lululemon: in a Nosedive When I founded lululemon in 1998, it was built on a relentless focus on innovation, product,
Oct 8, 2025
activistletters

Biglari Capital Urges Cracker Barrel (CBRL) Shareholders to Vote Against CEO Julie Masino and Director Gilbert Dávila Over Brand Missteps and Value Destruction

BIGLARI CAPITAL CORP. 19100 RIDGEWOOD PARKWAY, SUITE 1200 SAN ANTONIO, TEXAS 78259 TELEPHONE (210) 344-3400 FAX (210) 344-3411 SARDAR BIGLARI,
Oct 8, 2025
activistletters

Broadwood Partners (27.5% Shareholder) Accuses STAAR Surgical (STAA) of Manipulating Forecasts to Justify Undervalued Sale to Alcon (ALC)

Broadwood Partners Questions Integrity of STAAR Surgical’s Last-Minute Forecast Change and Fairness Opinion in Sale to Alcon Conflicted Management
Oct 8, 2025
activistletters

Yunqi Capital opposes STAAR Surgical (STAA)–Alcon merger, citing China strength, undervaluation, and misaligned CEO incentives

Yunqi Capital, One of STAAR Surgical Company’s Largest Shareholders, Reiterates Its Opposition to the Proposed Merger with Alcon STAAR
Oct 7, 2025
activistletters

Hartman Shareholder Alliance Challenges Silver Star (STSR) Board Over Vote Delays and Shareholder Rights

Exposing Delay Tactics & False Claims October 3, 2025 Dear Shareholder, Silver Star has delayed this vote five times already
Oct 7, 2025
activistletters

Broadwood Partners (27.5%) Opposes STAAR Surgical (STAA) Sale to Alcon, Citing Board’s Misjudgment After Rejecting $58 Offer

Dear Members of the Board: You have decided it is time to sell STAAR for $28 per share. As you
Oct 6, 2025
activistletters

Broadwood Partners Challenges STAAR Surgical (STAA)–Alcon Deal, Citing Flawed Sale Process and Board Conflicts

Company Name: STAAR Surgical Company Symbol: STAA Filing Date: Oct-02-2025 Filer Name: Broadwood Partners L.P. Download PresentationBroadwood-Oct-02-2025.pdf10 MBdownload-circle
Oct 2, 2025
activistletters

Acadia Healthcare (ACHC): Khrom Capital Urges Strategic Review, Citing Decade of Value Destruction and Governance Failures

Board of Directors Acadia Healthcare Company, Inc. 6100 Tower Circle, Suite 1000 Franklin, TN 37067 Dear Members of the Board,
Oct 1, 2025
activistletters

Broadwood Capital Opposes STAAR Surgical (STAA) Sale to Alcon, Citing Conflicts, Flawed Process, and Undervalued Offer

Broadwood Capital, Inc. September 24, 2025 Dear Fellow STAAR Surgical Stockholders, Broadwood Partners, L.P. and its affiliates (collectively, “Broadwood,
Sep 26, 2025
activistletters

Land & Buildings Pressures Six Flags (FUN) to Unlock $6B in Real Estate Value Through REIT Spin-Out and Operational Turnaround

Land & Buildings Issues Letter Detailing Why Now is the Time to Finally Unlock Six Flags' Substantial Trapped Real
Sep 26, 2025
activistletters

Silver Star Properties REIT (SLVS): Al Hartman/Hartman Shareholder Alliance Urges BLUE Vote for Orderly Liquidation, Citing Mismanagement and Governance Failures

Your Last Chance to Protect Your Investment September 24, 2025 Dear Shareholder, This is your final opportunity to save what
Sep 24, 2025
activistletters

STAAR Surgical (STAA): Broadwood Partners (27.5% Holder) Urges Shareholders to Reject Alcon Merger Over Flawed Process and Conflicts

September 24, 2025 Dear Fellow STAAR Surgical Stockholders, Broadwood Partners, L.P. and its affiliates (collectively, “Broadwood,” “we,” “us,” or
Sep 24, 2025
activistletters

STAAR Surgical (STAA): Yunqi Capital (5.1% Holder) Opposes $28/Share Sale to Alcon, Slams Board’s Flawed Process

Yunqi Capital, 5.1% Holder and One of STAAR Surgical Company’s Largest Shareholders, Announces Intention to Vote Against the
Sep 22, 2025
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