Howard Todd Horberg, an activist shareholder owning 5.61% of Equus Total Return, Inc., filed a Schedule 13D with the SEC calling for immediate board accountability and a strategic review ahead of the June 30 annual meeting. He highlights the company's poor performance under current management since 2011, including five consecutive years of net investment losses, a 65% drop in net asset value over two years, no dividends since 2009, and near-delisting from the NYSE. Horberg criticizes excessive executive compensation despite poor results and limited board independence, urging suspension of automatic salary increases and an independent financial advisor to explore mergers or acquisitions. He stresses the need for a third-party appraisal of the company's main private asset and halting share issuances below net asset value until a strategic review is completed.
Halper Sadeh LLC is investigating whether the sales and merger deals involving AstroNova, Simulations Plus, and Olin Corporation provide fair treatment to their shareholders. The firm suspects insiders may gain financial benefits not available to ord...
Halper Sadeh LLC is investigating whether shareholders of Apogee Therapeutics, Open Lending, Huntsman, and Avanos Medical are receiving fair deals in their companies' recent sales. The law firm suspects insiders may gain financial benefits not availa...
CEA Industries and YZi Labs have reached a cooperation agreement to strengthen governance at CEA Industries, which manages the world's largest corporate treasury of BNB. The agreement includes appointing three new board members with digital asset exp...
LincNutri has introduced a new 10-in-1 DHT Blocker for Women, a dietary supplement designed to support healthy hair by targeting internal factors like DHT hormone sensitivity that contribute to hair thinning. The formula combines botanical extracts s...
Audiera (BEAT) surged 40.27% to $2.34, leading the day's gainers thanks to increased interest and new partnerships with major music labels. Meanwhile, LAB fell 15.93% to $13.97, showing volatility despite its large market cap. Other notable moves inc...
