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NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), a shareholder of Braemar Hotels & Resorts Inc. (“Braemar” or the “Company”) (NYSE: BHR), today responded to Braemar’s desperate attacks on Blackwells’ track record as a leading advocate for public company shareholders.
Jason Aintabi, Chief Investment Officer of Blackwells, said:
“Monty Bennett is scared, and it shows. Earlier this week, Mr. Bennett was forced to resign from the board of Ashford Hospitality Trust, founded by his father. That happened because the shareholders of Ashford Hospitality Trust decided to ‘vote out’ Monty from his board position there, as one leading publication put it, after Blackwells’ successful campaign. Instead of respecting the all-important voice of shareholders, Mr. Bennett’s directors plugged him right back in. Unlike Mr. Bennett, Blackwells believes that public company boards should respect the will of their shareholders.”
NEW YORK, May 16, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital LLC (“Blackwells”), the lead investor in Yaroka Technologies (“Yaroka” or “the Company”), a climate conscious incubator focused on advanced solutions including adapted drones, thermo-technology and synthetic material use to alleviate the deleterious impacts of climate change on the planet, today announced that it had received U.S. Patent and Trademark Office (USPTO) patent approvals for its Oscillating Canopy Sunshade Device for Climate and Solar Mitigation (patent number US 11,958,605 B2) and Canopy for Climate and Solar Mitigation (patent number 11,708,704), together its (“Canopy Technologies”).
Jason Aintabi, Chief Investment Officer of Blackwells, said:
“Climate change has brought about devastating effects through severe weather and is challenging the survival of humanity by destroying habitable land, food production and access to water around the world. We need to take action to combat the effects of climate change and we want to help lead the charge. Yaroka’s mission is to foster an environment of collaboration to develop transformative technology that will help combat climate change. The Company’s patented Canopy Technology redirects and captures the earth’s sunlight to reduce the amount of sunlight that directly warms the ice sheets, capturing the sun’s energy and diverting its power away from the weakening ice.”
NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Blackwells Capital, an owner of 1,000 shares of Ashford Hospitality Trust, Inc. (“Ashford” or the “Company”) (NYSE: AHT), announced today that directors Monty J. Bennett and Kamal Jafarnia failed to receive the requisite number of votes required for re-election to the Company’s Board of Directors (the “Board”) at the Company’s 2024 annual meeting of stockholders (the “2024 Annual Meeting”) and were forced to tender their resignations. The Company’s remaining nominees were narrowly re-elected by disturbingly low numbers.
Blackwells achieved this result despite the Company’s refusal to produce a stockholder list, and with just one mailing to stockholders. In an attempt to ward off Blackwells’ campaign, the Company spun up a familiar playbook employed by Chairman Monty Bennett, which included an aggressive and misleading PR campaign, and the manipulation of Ashford’s corporate machinery to entrench the Board, going as far as changing the meeting quorum requirement in an effort to ensure re-election of the failing incumbent Board members.
ICEYE, the microsatellite manufacturer and catastrophe monitoring company, announced definitive agreement signed for an oversubscribed $93 million growth funding round.
The financing will further accelerate investment in the world’s largest constellation of synthetic aperture radar (SAR) satellites and expand the company’s portfolio of innovative data and subscription products.
Peloton Interactive PTON 13.20%increase; green up pointing triangle said that Barry McCarthy is stepping down as chief executive and that the company will reduce its global workforce by 15%, or about 400 employees.
McCarthy, a former Netflix and Spotify executive, joined the struggling maker of fitness equipment two years ago and had tried to revamp it into a subscription business. He slashed thousands of jobs to stem losses.
Walt Disney Co.’s biggest boardroom showdown in 20 years culminates this week with an election that has already reverberated throughout the Burbank entertainment giant.
Billionaire Nelson Peltz has waged a nearly six-month battle for a seat on Disney’s board of directors. A smaller activist group, Blackwells Capital, joined the fray with three other candidates. Disney has offered its own slate of 12 nominees, including two new board members.
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