Whetstone Capital will likely get its two board seats and strategic changes, but longer-term shareholders likely won’t recoup their losses.
Insight that Drives the Boardroom
Stay ahead with data-backed research, governance analysis, and expert commentary for investors, activists, and corporate leaders.
Activism & Governance
Can Lemonis Save Beyond and Camping World?
Marcus Lemonis already had his hands full at Camping World (CWH). Does he have the capacity, board, and leadership teams necessary to save Beyond, Inc. too?
Boardroom Alpha Weekly – March 7, 2025
Kenvue and Starboard Settle. Landsea pushed by Mill Road Capital. Elliott files preliminary contested proxy. Latest CEO/CFO moves. Helmerich & Payne directors not feeling the pain?
loanDepot and Anthony Hsieh Expand Cooperation Agreement Amid CEO Transition
loanDepot (LDI) founder Anthony Hsieh asserts himself with an extended cooperation agreement — Hsieh becomes Executive Chair, Frank Martell gone as CEO, and Board restructuring.
Starboard Ends Proxy Fight at Kenvue Following Cooperation Agreement
Starboard and Kenvue end their proxy fight with an agreement to add three new directors, including Starboard’s Jeffrey C Smith.
Mill Road Capital Pushes for Change at Landsea Homes – Nominates Three Directors
Mill Road Capital nominates three directors to the board of Landsea Homes (LSEA) as proxy fight kicks off. All three directors are tied to Mill Road and prior activism.
Starbucks Appoints New CFO as Niccol Puts His Stamp on Management
New CEO Brian Niccol is putting his stamp on top management as Starbucks announces Cathy R. Smith joins as CFO from Nordrstrom.
Elliott Management Takes Aim at Phillips 66 Board with Director Nominations and Governance Proposal
Elliott files its preliminary proxy for its contest with Phillips 66 (NYSE: PSX) and nominates seven directors and pushes to declassify the board.
Activists Take Aim at Portillo’s and Quanterix in New Proxy Battles
Engaged Capital and Kent Lake launch activist proxy fights at Portillo’s and Quanterix, pushing for board changes to unlock shareholder value.
Daktronics (DAKT) and Alta Fox Resolve Reincorporation Dispute
Daktronics (DAKT) adds Bucks President Peter Feigin to the board as Alta Fox agrees to support reincorporation.
SPAC & IPO Analysis
Daily SPAC Update – January 6, 2026
Lawrence Ho Brings Black Spade III to the Market while Daniel Cohen Launches $220M SPAC. Wellsbach and Metal Sky Extensions Approved. Blueport and Allusa Energy Separate Trading.
Daily SPAC Update – January 5, 2026
Welsbach Technology Metals, Metal Sky Star, and SLAM Extensions Confirmed. PHP Ventures and Columbus Acquisition Set Extension Votes.
Daily SPAC Update – December 31, 2025
December Delivers: SPAC Issuance Caps a Quietly Resurgent 2025
Daily SPAC Update – December 30, 2025
Plum III + Tactical Resources Deal Approved. Future Vision II + Viwo Technologies Deal Terminated. Metal Sky Star annd Welsbach Technology Extension Votes.
Daily SPAC Update – December 24, 2025
SLAM Corp Extension Vote. Corner Growth Acquisition 2 and Alphatime Extensions Approved. Cantor Equity Partners III Transcript. Westin Acquisition Separate Trading.
Daily SPAC Update – December 23, 2025
Two More SPAC IPOs: Silicon Valley Acquisition $200 Million and Social Commerce Partners $100 Million. Corner Growth and Bayview Extensions Approved.
Daily SPAC Update – December 22, 2025
Plum Acquisition IV Non-Binding LOI. Spree 1 Extension Approved. DT Cloud Withdraws Fee Change Proposals. Broad Capital and Welsbach Set Extension Votes.
Daily SPAC Update – December 19, 2025
Cartesian Growth III Deal with Factorial. Rising Dragon Extension Fee Change Approved. Integrated Wellness Extension Approved. TGE Value SPAC IPO.
Daily SPAC Update – December 18, 2025
December SPAC IPOs Hit 19 as Launchpad Cadenza, American Dynamism, and Vine Hill Capital II Debut. Papaya Growth and Concord Extensions Approved.
Daily SPAC Update – December 17, 2025
December SPAC IPOs Keep Coming: Michael Klein Back with $360 Million Churchill XI. Iron Horse II $200 Million Debut.