JANA Partners Statement on Freshpet’s (FRPT) Ill-Conceived Capital Raise
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JANA Partners Statement on Freshpet’s Ill-Conceived Capital Raise
March 15, 2023 9:25 AM EDTSignificant Board Change is Required
NEW YORK--(BUSINESS WIRE)-- JANA Partners LLC (JANA) today issued the following statement in response to Freshpet, Inc.s (Freshpet or the Company) (NASDAQ: FRPT) equity-linked capital raise announced on March 14, 2023.
We are astonished that Freshpets board has elected to initiate a large equity-linked capital raise in a fragile market reeling from a systemic crisis in the banking system, and with the Companys shares trading at less than 50% of their 52-week high. Equally... More
