Boardroom Alpha Digest: Tues, Jan 17

by | Jan 17, 2023

Executive News

  • Tamara Brandt, Chief Legal Officer and Head of Business and Legal Affairs at FaZe Holdings (FAZE) resigned to join CAA. In addition, FAZE stock fell ~23% on the day, perhaps due to a lock-up expiration following a 6-month restricted period following the company’s public debut in July.

Activist Situations

  • Walt Disney Co. (DIS) clapped back against Trian Fund Management and Nelson Peltz by filing a presentation in defense of its current board and stating that Peltz “does not understand Disney’s business…”


  • The 2023 IPO market officially opened as two IPOs priced on Friday: MGO Global (MGOL) raised $7.5M at $5.00 per share, and Skyward Specialty Insurance Group (SKWD) raised $134M at $15.00 per share. SKWD is healthily above its offer price ~$19, while MGOL is still around offer at $4.95.


  • Brian Hinchcliffe, Vice Chair of African Gold Acquisition Corp. (AGAC) whose former CFO, Cooper J. Morgenthau was previously charged with fraud, resigned from the company
  • PepperLime Health Acquisition Corporation (PEPL) shareholders approved an extension until October. $161M of the trust redeemed leaving $12.8M

SPAC Calendar

Recent Analysis

Weekly Activism & Executive Moves Review (April 12)

Macy’s and Arkhouse / Brigade enter an agreement, but the fight isn’t over yet. Illumina gets a new CFO as shareholders wait for Icahn’s directors to change trajectory. ANGI gets a new CEO as IAC CEO Levin steps aside.


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