Nov 24, 2025 8:00 AM Eastern Standard Time Engaged Capital Sends 220 Demand Letter to BlackLine, Inc. Share Seeks Access to Board and Strategic Committee Records Related to All Inbound Acquisition Interest, Including Reported $66 Per Share Offer from SAP Raises Concerns About Strategic Committee's Inadequate Stewardship and the Board's Failure to Act in Stockholders' Best Interests Findings Will Inform Decision to Nominate Director Candidates at the 2026 Annual Meeting NEWPORT BEACH, Calif.--(BUSINESS WIRE) ...

NEW YORK, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Applied Therapeutics, Inc. (Nasdaq: APLT) (the “Company”), a clinical-stage biopharmaceutical company dedicated to creating transformative treatments for rare diseases, today announced that Applied Therapeutics’ Board of Directors (the “Board”) has initiated a process to explore strategic alternatives for the Company. The Board intends to evaluate a broad range of opportunities to maximize shareholder value. Strategic alternatives under consideration may include, ...

Accessibility StatementSkip Navigation ENGLEWOOD, Colo., Nov. 17, 2025 /PRNewswire/ -- Zynex, Inc. (NASDAQ: ZYXI), an innovative medical technology company specializing in the manufacture and sale of non-invasive medical devices for pain management, and rehabilitation, today reported its financial and operational results for the third quarter ended September 30, 2025. Management Commentary and Recent Events "Since joining the Company in August, the new management team has worked tirelessly to address the ...

Core Insights - Luminar reported a 20% year-over-year and quarter-over-quarter increase in Q3 revenue, reaching $18.7 million, driven by advancements in off-road, defense, and photonics opportunities [1][8] - The company is undergoing a strategic review to explore potential alternatives, including the sale of parts of its business and restructuring its capital [5][6] - Luminar appointed Thomas Beaudoin as the new CFO, effective November 13, 2025, bringing extensive experience in finance and operations [4] Financial Performance - Q3 2025 revenue was $18.7 million, a 21% increase compared to Q3 2024 and a 20% increase compared to Q2 2025 [8] - Q3 gross loss was $(8.1) million on a GAAP basis and $(7.3) million on a non-GAAP basis [8] - Q3 GAAP net loss attributable to common stockholders was $(89.5) million, or $(1.29) per share; non-GAAP net loss was $(65.4) million, or $(0.94) per share [8][17] - Operating expenses for Q3 were $66.6 million on a GAAP basis and $43.0 million on a non-GAAP basis [8] Capital Structure and Strategic Initiatives - Luminar has entered into forbearance agreements with most secured noteholders, providing stability as it negotiates a long-term solution for its capital structure [6] - The company is evaluating nonbinding proposals for the purchase of its business or assets, indicating interest from potential buyers [5] - The strategic review is supported by legal and financial advisors to enhance liquidity and assess options [5] Leadership Changes - The appointment of Patricia Ferrari and Elizabeth Abrams to the Board of Directors is aimed at leveraging their extensive experience in banking, finance, and restructuring [7]

Core Viewpoint - Generation Bio Co. reported its third quarter financial results for 2025, highlighting a significant decrease in cash reserves and a reduction in net loss compared to the same quarter in the previous year [1][2]. Financial Performance - Cash Position: As of September 30, 2025, cash, cash equivalents, and marketable securities totaled $89.6 million, down from $185.2 million as of December 31, 2024 [7]. - R&D Expenses: Research and development expenses increased to $21.7 million for the quarter ended September 30, 2025, compared to $15.1 million for the same quarter in 2024 [7]. - G&A Expenses: General and administrative expenses rose to $12.2 million for the quarter ended September 30, 2025, up from $9.2 million in the same quarter of 2024 [7]. - Net Loss: The net loss for the quarter was $5.5 million, or $0.82 per share, an improvement from a net loss of $15.3 million, or $2.29 per share, for the same quarter in 2024 [7][11]. Strategic Developments - Strategic Alternatives: In August 2025, the company initiated a process to evaluate strategic alternatives aimed at maximizing shareholder value, with no assurance that this will lead to a transaction [3].

Core Insights - Aspo is evaluating strategic alternatives for its businesses, ESL Shipping and Telko, including a potential partial demerger or divestment of ESL Shipping [1][2] Strategic Alternatives - The Board of Directors aims to implement the divestment of ESL Shipping or a partial demerger by the end of 2026, depending on market conditions [2] - The focus is on maximizing shareholder value and ensuring growth for both ESL Shipping and Telko [2][3] Business Performance - ESL Shipping reported net sales of EUR 206.2 million and comparable EBITA of EUR 16.9 million in 2024 [6] - Telko achieved net sales of EUR 253.3 million and comparable EBITA of EUR 12.6 million in 2024 [6] - Financial ambitions for 2028 include over EUR 300 million in net sales and 14% EBITA for ESL Shipping, and over EUR 500 million in net sales and 8% EBITA for Telko [6] Future Plans - ESL Shipping has made significant investments in modernizing its fleet, including electric hybrid vessels, to enable fossil-free operations [3] - Telko is positioned for continued acquisitions following the Leipurin divestment [3]

Core Viewpoint - Engaged Capital urges BlackLine, Inc. to explore strategic alternatives, particularly in light of renewed acquisition interest from SAP SE, believing that a sale would be the best outcome for stockholders due to BlackLine's inability to generate sustainable value in the public market [1][5]. Summary by Sections Engagement with BlackLine - Engaged Capital is a significant stockholder of BlackLine and has faced challenges in meaningful engagement with the company's management, which has been unresponsive and difficult to schedule meetings with [2][3]. - Despite these challenges, Engaged Capital continues to hold shares, believing in BlackLine's strategic value, which has been trading at a substantial discount to its fair value [2][3]. Acquisition Interest - Reports indicate that SAP SE made a formal offer to acquire BlackLine earlier this year, which was rejected by BlackLine's Board of Directors [3]. - Engaged Capital expresses disappointment over the rejection, especially given BlackLine's poor performance in creating stockholder value and its underperformance compared to relevant software indices [3][4]. Stock Performance - BlackLine's total stockholder return has been negative over various time frames: -8% over 1 year, 0% over 3 years, and -47% over 5 years, contrasting sharply with the positive returns of the IGV Software Index and S&P Software & Services Select Industry Index [4][5]. - The company has significantly underperformed relative to these indices, with a relative performance of -35% over 1 year against the IGV Software Index [4]. Call to Action - Engaged Capital calls for the Board to act urgently and engage financial advisors to run a strategic alternatives process to maximize stockholder value [5]. - The firm emphasizes that the Board's fiduciary duties are to all stockholders, not just management, and expresses readiness to hold the Board accountable if necessary [6].

Core Viewpoint - Shares of Cooper Companies are rising due to activist investor Jana Partners acquiring a stake and pursuing strategic alternatives, including a potential merger of its contact lens business with Bosch and Lomb [2][4][10] Company Overview - Cooper Companies' stock is up approximately 4.2% following the news of Jana Partners' involvement [3] - The company operates primarily through two segments: Cooper Vision (contact lenses) and Cooper Surgical (OBGYN and women's health products), with a revenue split of about 60% to 40% [5][7] Strategic Moves - Jana Partners is advocating for changes in capital allocation and operational focus, suggesting that the two business segments lack synergies and may be better off as separate entities [5][9] - The CEO of Bosch and Lomb has expressed openness to a potential combination with Cooper Vision, indicating a positive reception to the idea [6][10] Market Reaction - Approximately 20 analysts cover Cooper Companies, with 60% rating it as a buy, 35% as hold, and one sell rating, reflecting a generally favorable outlook [7] - The stock's recent performance has been influenced by declining margins in the women's health segment, which has seen a year-to-date decline of about 20% [7][8]

Core Insights - New Fortress Energy Inc. reported a net loss of $557 million for the second quarter of 2025, with significant non-cash impairments of assets and goodwill totaling $699 million [4][24] - The company is exploring strategic alternatives to improve its capital structure, including asset sales and capital raising, with the assistance of financial and legal advisors [2][4] - Adjusted EBITDA for the second quarter of 2025 was $(4) million, a decline from previous quarters, indicating operational challenges [4][19] Financial Performance - Total revenues for the second quarter of 2025 were $301.7 million, a decrease from $470.5 million in the first quarter of 2025 [5][26] - The company reported an EPS of $(2.02) on a fully diluted basis for the second quarter of 2025 [4][24] - The total cash balance as of June 30, 2025, was $821 million, with $551 million being unrestricted [4][24] Operational Developments - New Fortress Energy is in negotiations for a long-term gas sale agreement with PREPA to provide gas across Puerto Rico, extending the current agreement on a weekly basis [4][24] - The commissioning of the 624 MW CELBA plant has begun, with expectations for it to be operational by the end of the year [4][24] - The company has made significant progress on the PortoCem power plant in Brazil, which is over 70% complete and fully funded [4][24] Strategic Initiatives - The company has retained Houlihan Lokey Capital, Inc. and Skadden, Arps, Slate, Meagher & Flom LLP to assist in evaluating strategic alternatives [2][4] - Discussions are ongoing with various stakeholders and potential investors to explore options for improving liquidity and capital structure [2][4] - New Fortress Energy is optimistic about upcoming power auctions in Brazil, which could be larger than initially expected, potentially reaching 15 GW [4][24]

Core Viewpoint - Matachewan Consolidated Mines, Limited has decided to distribute cash and assets to shareholders and seek strategic alternatives to maximize shareholder value [1] Group 1: Financial Position - The company has liquidated most of its assets, holding approximately $12,300,000 in cash and certain shares in other public companies [2] - Estimated outstanding liabilities and expenses related to the distributions are approximately $700,000 [2] Group 2: Distribution Plan - The company plans to distribute up to $2,800,000 through a reduction in stated capital, with an expected return of C$0.22498 per Common Share for shareholders [4] - A special meeting of shareholders is scheduled for October 1, 2025, to vote on the distribution resolution [4][5] Group 3: Approval and Conditions - The distribution is subject to approval by the TSX Venture Exchange and requires at least two-thirds of votes cast at the special meeting [5] - The Board retains discretion not to proceed with the distribution if it is deemed not in the best interests of the company and its shareholders [6]