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Activist Letters and Presentations

A curated feed of letters and presentations from activist investors.

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
activistletters

Silver Star Properties (SLVS): Hartman Highlights 20 Years of Outperformance, Accuses Current Board of Mismanagement and Regulatory Failures

Company Name: Silver Star Properties Reit Inc Symbol: SLVS Filing Date: Sep-19-2025 Filer Name: Hartman Allen R Download PresentationHartman-Silver Star-Sep-19-2025.
Sep 19, 2025
activistletters

MNG Enterprises Submits $20/Share Offer for DallasNews Corp. (DALN), Topping Hearst’s Bid and Pledging Editorial Independence

September 19, 2025 Board of Directors DallasNews Corporation c/o the Secretary P. O. Box 224866 Dallas, TX 75222-4866 Dear
Sep 19, 2025
activistletters

Hartman Shareholder Alliance Slams Silver Star Properties (SLVS) Board for “Destructive Chaos,” Urges Return to Proven Track Record

Proven Performance vs. Destructive Chaos September 18, 2025 Dear Silver Star Shareholders, As the upcoming vote approaches, the contrast between
Sep 19, 2025
activistletters

Silver Star Properties (SLVS): Hartman Shareholder Alliance Accuses CEO Haddock of Fraud, Urges New Leadership

The Evidence is Overwhelming: Time for New Leadership September 16, 2025 Dear Shareholders, The growing evidence of management failures, potential
Sep 18, 2025
activistletters

Barnwell Industries (BRN): Sherwood Group (29.9% Holder) Slams Directors for Bylaw Manipulation and Shareholder Rights Abuse

Barnwell Directors Adjourn Annual Meeting Again, Impose Bylaw Amendment to Restrict Opposition Shareholders’ Voice Vero Beach, Florida, September 16, 2025
Sep 16, 2025
activistletters

Hartman Shareholder Alliance Accuses Silver Star Properties (SVLS) of Potential Fraud and Insider Self-Dealing

Company Name: Silver Star Properties Reit Inc Symbol: SLVS Filing Date: Sep-11-2025 Filer Name: Hartman Allen R Download PresentationHartman-Silver Star-Sep-11-2025.
Sep 11, 2025
activistletters

Hartman Shareholder Alliance Accuses Silver Star Properties (SVLS) Management of Potential Fraud, Urges Shareholders to Reject 42-Cent Buyout

Evidence of Potential Fraud Mounting September 11, 2025 Dear Fellow Silver Star Properties Shareholders, The deteriorating situation under current management
Sep 11, 2025
activistletters

IF Bancorp (IROQ): Stilwell Nominates Scott Dworschak to Replace Long-Tenured Director After Ignored Sale Vote

Dear Fellow IROQ Owners, At last year’s annual meeting, you – the owners of the company – sent a loud and
Sep 11, 2025
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