Cannell Capital LLC Intends to Vote Against Proposed Acquisition of Avid Bioservices by GHO Capital and Ampersand Capital
Alta, Wyoming--(Newsfile Corp. - December 2, 2024) - Cannell Capital LLC issues the following statement:Cannell Capital LLC ("CC") applauds and endorses the position and letters of Brock Pond Capital Partners and Punch & Associates of November 13 and 14, 2024, respectively, to Avid Bioservices, Inc. ("CDMO") regarding the proposed acquisition of CDMO by GHO Capital Partners LLP and Ampersand Capital Partners. Accordingly, Cannell Capital LLC intends to vote against the transaction as...
2024-12-02 7:00 AM EST
Cannell Capital LLC Sends Letter to Sharecare, Inc. Director Alan G. Mnuchin
Alta, Wyoming--(Newsfile Corp. - April 4, 2024) - J. Carlo Cannell, the Managing Member of Cannell Capital LLC, sent the following letter to Sharecare, Inc. Director Mr. Alan G. Mnuchin on Thursday April 4, 2024.A copy of Mr. Cannell's letter to Mr. Mnuchin follows below.April 4, 2024Mr. Alan G. MnuchinSharecare, Inc.255 East Paces Ferry Road NEAtlanta, GA 30305 Dear Mr. Mnuchin,On October 12, 2023, Sharecare, Inc. ("SHCR") received an acquisition bid from Claritas Capital for cash...
2024-04-04 11:30 AM EDT
Rescue WISH Believes That the Transaction Announced by WISH Is in the Best Interests of All Shareholders
Alta, Wyoming--(Newsfile Corp. - March 19, 2024) - Rescue WISH is an organization dedicated to fighting for the best interests of all shareholders of ContextLogic, Inc. ("WISH"). ContextLogic, Inc. operates the e-commerce website wish.com and the company's common stock trades on the Nasdaq Stock Market under the ticker WISH.Rescue WISH noted in its initial press releases that WISH stock had fallen more than 99% since the time of its IPO and further noted that shareholders deserved the...
2024-03-19 11:41 PM EDT
Cannell Capital, LLC Announces Holdings of Nova Cannabis, Inc.
Alta, Wyoming--(Newsfile Corp. - January 29, 2024) - Cannell Capital, LLC ("Cannell"), a Wyoming limited liability company, in its capacity as general partner and investment adviser to Tonga Partners, L.P. and Tristan Partners, L.P., and investment adviser to Tristan Offshore Fund, Ltd. and a separately-managed account (collectively, the "Funds") announced today that on January 22, 2024, Tonga Partners, L.P., Tristan Partners, L.P., and Tristan Offshore Fund, Ltd. acquired an aggregate of...
2024-01-29 2:06 PM EST
Cannell Capital Demands Board Refresh at VIA Optronics
Alta, Wyoming--(Newsfile Corp. - December 14, 2023) - Clients of Cannell Capital LLC, which per its September 30, 2023, Form 13F enjoy beneficial ownership of 9.8% of the American Depositary Receipts of VIA Optronics (NYSE: VIAO) releases the following statement in support of Rescue VIAO. Cannell Capital has deep concerns with VIAO's leadership. Such concerns begin with, but are not limited to Jürgen Eichner, the founder of VIAO. On November 17, the VIAO Supervisory Board suspended Mr....
2023-12-14 3:34 PM EST
Shareholders of ContextLogic Demand More Shareholder Representation on the Board
Alta, Wyoming--(Newsfile Corp. - December 10, 2023) - Cannell Capital LLC ("Cannell Capital") has been a patient, long-term oriented shareholder of ContextLogic, Inc. ("WISH"). ContextLogic, Inc. operates the e-commerce website wish.com and the company's common stock trades on the Nasdaq Stock Market.The Board of Directors of WISH has taken advantage of that patience and squandered shareholder value. Investors in the ContextLogic, Inc. IPO have seen nearly their entire investment wiped out....
2023-12-10 7:51 PM EST
"Rescue VIAO" Has Been Formed to Help All Injured Shareholders of VIA Optronics AG (VIAO)
Alta, Wyoming--(Newsfile Corp. - November 28, 2023) - J. Carlo Cannell, the Managing Member of Cannell Capital LLC, releases the following statement on behalf of Rescue VIAO. Per its September 30, 2023 Form 13F, clients of Cannell Capital LLC own 9.8% of the American Depositary Receipts of VIA Optronics (NYSE: VIAO).***"Rescue VIAO” has been formed to help all injured shareholders of VIA Optronics AG (NYSE: VIAO). From January 22, 2021, to November 27, 2023, the equity has depreciated from...
2023-11-28 4:14 PM EST
Rescue WISH Announces Its Intent to Support Dissident Slate at ContextLogic Annual Meeting
Alta, Wyoming--(Newsfile Corp. - November 9, 2023) - Cannell Capital LLC supports Rescue WISH.Rescue WISH is dedicated to maximizing shareholder value and improving corporate governance at ContextLogic and welcomes the opportunity to pursue these goals at the 2024 Annual Meeting of shareholders of WISH. It believes shareholders should be given the opportunity to vote for new directors whose interests are fully aligned with shareholders. Rescue WISH believes that replacing the existing Board...
2023-11-09 8:08 PM EST
Cannell Capital LLC Sends Letter to VIA Optronics Chairman Dr. Heiko Frank
Alta, Wyoming--(Newsfile Corp. - November 6, 2023) - J. Carlo Cannell, the Managing Member of Cannell Capital LLC, sent the following letter to VIA Optronics AG Chairman Dr. Heiko Frank on Monday October 30, 2023.A copy of Mr. Cannell's letter to Dr. Frank follows below. October 30, 2023Mr. Heiko Frank CHM Chairman of the Supervisory BoardVIA Optronics AGSiebold Street 1890411 Nuremberg DeutschlandDear Heiko,Thank you for your time on October 18, 2023,...
2023-11-06 1:22 PM EST
Shareholders of ContextLogic Decry Destructive Actions of Board of Directors
Alta, Wyoming--(Newsfile Corp. - November 2, 2023) - On October 10, 2023, Dave Pointer, the Chairman of Rescue WISH, requested that the WISH Board of Directors sell its money-losing operating businesses and return most of the remaining cash to shareholders.The Board of Directors has had three weeks to consider this request and has, thus far, failed to demonstrate meaningful movement towards fulfilling the request.Rescue WISH had sought to avoid being forced to highlight the shortcomings and...
2023-11-02 10:36 AM EDT
Shareholders of ContextLogic Seek Return of Cash
Alta, Wyoming--(Newsfile Corp. - October 10, 2023) - Cannell Capital LLC, through its organization Rescue WISH, releases the following statement: David Pointer, the Chairman of Rescue WISH, today called upon the Board of Directors of ContextLogic Inc. to sell its money-losing operating businesses and return most of the remaining cash to shareholders. Mr. Pointer noted that the incumbent Board of Directors of ContextLogic may have a conflict of interest with its shareholders. The Proxy...
2023-10-10 11:33 PM EDT
Shareholders of ContextLogic Demand Change to Board
Alta, Wyoming--(Newsfile Corp. - September 27, 2023) - In line with the deadline proposed in its September 19, 2023, press release, Cannell Capital LLC announces today the formation of "Rescue WISH" to support all injured shareholders of ContextLogic, Inc.Rescue WISH issues the following statement:"Rescue WISH intends to bring the failings of each member of the Board of ContextLogic, Inc. to the attention of regulators, to the attention of ISS, Glass Lewis and the other proxy advisory...
2023-09-27 9:57 PM EDT
Cannell Capital LLC Urges Board of Directors of ContextLogic to Cease Operations and Return Company's Cash to Shareholders
Alta, Wyoming--(Newsfile Corp. - September 20, 2023) - J. Carlo Cannell, the Managing Member of Cannell Capital LLC, sent the following letter to CEO Jun "Joe" Yan of ContextLogic Inc. on September 19, 2023. ContextLogic Inc. operates the e-commerce website wish.com and the company's common stock trades on the Nasdaq Stock Market. Clients of Cannell Capital LLC own 3.1% of ContextLogic Inc. common stock.A copy of Mr. Cannell's letter to Mr. Yan follows...
2023-09-20 2:46 AM EDT
Cannell Capital LLC Asks Carparts.com Board to Take Action to Protect Shareholder Value
Alta, Wyoming--(Newsfile Corp. - March 31, 2023) - On March 17, 2023 Cannell Capital LLC ("CC") sent a letter to Carparts.com, Inc. ("PRTS") management. As the sixth largest shareholder of PRTS as of December 31, 2022, CC wrote to comment on David Kanen's March 15, 2023 letter to the Board of Directors of PRTS. To wit, CC wrote, "CC is both a long-term shareholder of PRTS and a patient one. Our patience is finite, however. CC generally agrees with Mr....
2023-03-31 6:29 PM EDT
Cannell Capital, LLC Announces Filing of Early Warning Report
Alta, Wyoming--(Newsfile Corp. - January 26, 2023) - Cannell Capital, LLC ("Cannell"), a Wyoming limited liability company, in its capacity as investment adviser for Tonga Partners, L.P. ("Tonga"), Tristan Partners, L.P. ("Tristan"), and Tristan Offshore Fund, Ltd. ("Tristan Offshore") (collectively, the "Funds") announced today that on January 24, 2023 the Funds acquired an aggregate of 800,317 shares of McCoy Global Inc. ("McCoy") (TSX: MCB), representing approximately 2.8% of the issued...
2023-01-26 5:01 PM EST
Cannell Capital LLC Calls upon All Owners of VIA Optronics AG to Help Stimulate Value in VIAO
Alta, Wyoming--(Newsfile Corp. - December 29, 2022) - On November 29, 2022 Cannell Capital LLC ("CC") sent a letter to VIA Optronics AG (NYSE: VIAO) ("VIAO") management. To wit, CC wrote:"CC, a shareholder of 1,489,400 shares of VIA Optronics AG ADR as of November 28, 2022, writes you in accordance with section III.5 of the Invitation to the Annual General Meeting of VIA Optronics AG ("Invitation"), Request for Additions to the Agenda pursuant to Section 122 (2) of the German...
2022-12-29 9:00 PM EST
Cannell Capital Files Schedule 13D for Build-A-Bear Workshop Suggesting the Company Tender for Its Own Shares
Alta, Wyoming--(Newsfile Corp. - August 31, 2022) - Cannell Capital LLC published a letter to the Board of Directors of Build-A-Bear Workshop, Inc. (NASDAQ: BBW) in a Schedule 13-D filed with the Securities and Exchange Commission on August 25, 2022. This filing and the letter can be reviewed online here. The letter appears in its entirety below.August 25, 2022Board of DirectorsBuild-A-Bear Workshop, Inc.415 South 18th StreetSaint Louis, MO 63103Dear Directors:Cannell Capital LLC ("CC"), the...
2022-08-31 3:54 PM EDT
Cannell Capital Files Schedule 13D for EMCORE Corporation Highlighting Company's Reluctance to Consider its Director Suggestions
Alta, Wyoming--(Newsfile Corp. - August 8, 2022) - Cannell Capital LLC published a letter to the Board of Directors of EMCORE Corporation in a Schedule 13-D filed with the Securities and Exchange Commission on August 5, 2022. This filing and the letter can be reviewed online here. The letter appears in its entirety below.CANNELL CAPITAL LLC245 Meriwether CircleAlta, WY 83414Tel (307) 733-2284 Fax (307) 264-0600 info@cannellcap.comAugust 3, 2022Board of...
2022-08-08 4:10 PM EDT
Cannell Capital files Schedule 13D for Lee Enterprises To Share Its Concerns in Advance of Second Quarter Results
Alta, Wyoming--(Newsfile Corp. - April 12, 2022) - The following questions were released by Cannell Capital LLC in a Schedule 13-D for Lee Enterprises, Inc. (NASDAQ: LEE) filed with the Securities and Exchange Commission on April 11, 2022. This filing can be reviewed online here. Here Cannell Capital LLC ("CC") shares with all Lee Enterprises, Inc. ("LEE") owners 17 questions and considerations in advance of LEE's second quarter 2022 results to be reported on or about May 6, 2022.How...
2022-04-12 10:34 PM EDT