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 – December 17, 2025
December SPAC IPOs Keep Coming: Michael Klein Back with $360 Million Churchill XI. Iron Horse II $200 Million Debut.
Daily SPAC Update – December 16, 2025
Crane Harbor II $300 Million Upsized SPAC IPO. DMY Squared and Bayview Extensions approved. Alphatime and Concord II Votes Today. Bitcoin Infrastructure Separate Trading Tomorrow.
Daily SPAC Update – December 15, 2025
December SPAC IPO Update. Alpha Star Acquisition Extension Approved. DT Cloud Star Extension Fee Vote. Harvard, Miluna Separate Trading Today and Bitcoin Infrastructure Later this Week.
Daily SPAC Update – December 12, 2025
SPACs Go For the Three-Peat: ITHAX III and Twelve Seas III Raise $350M in New IPOs
Daily SPAC Update – December 11, 2025
Bluerock and Karbon Capital Partners SPAC IPOs Add to December’s Surge. YHN Acquisition Extension Approved. Alpha Star Extension Vote. Cantor and Haymaker Investor Decks.
Daily SPAC Update – December 10, 2025
Meshflow’s $300M SPAC IPO Makes it Nine for December. Integrated Wellness + Btab Ecommerce Deal Approved. ATMV DeSPACs to AMC Corporation.
Daily SPAC Update – December 9, 2025
Daedalus Special Acquisition $225 Million IPO. ESH Acquisition Extension and Alphatime / HCYC Group Deal Approved. Metal Sky Sets Extension Vote.
Daily SPAC Update – December 8, 2025
Pompliano’s ProCap BTC Becomes Public as Crypto Stalls. Btab Ecommerce Deal Vote. YHN Acquisition Extension Vote.
Daily SPAC Update – December 5, 2025
Leapfrog $150M SPAC IPO. December SPAC IPOs Start Hot. HCYC Group Deal Goes to Vote. Corner Growth SPACs Look to Extend.
Daily SPAC Update – December 4, 2025
Safeguard, New America, and Activiate Energy Launch SPAC IPOs. Pompliano’s ProCap BTC and Twenty One Capital SPAC Deals Approved. Cartica + Nidar Infrastructure Deal Vote.