Cannell Capital LLC News Releases

Cannell Capital LLC Issues Statement About Rackspace Technology, Inc.

Thu, 26 Mar 2026 09:30:00 -0400

Alta, Wyoming--(Newsfile Corp. - March 26, 2026) - Cannell Capital LLC - Cannell Capital LLC ("CC") sends this letter to Rackspace and its shareholders."That quirky investment company which has managed private investment partnerships continually since the good summer of 1992 - brings forth to the public the letter by Mr. Gajen Kandiah, CEO of Rackspace Technology, Inc. in response to our "icebergs ahead" warning."The dance is over. The punchbowl has been removed. "Between credit and equity, our...

Cannell Capital Withdraws Director Nominations for Lee Enterprises

Thu, 12 Feb 2026 05:00:00 -0500

Alta, Wyoming--(Newsfile Corp. - February 12, 2026) - Pleiades Partners LLC ("Pleiades"), an affiliate of Cannell Capital LLC, today withdrew its Notice of Nomination of Director Candidates for the 2026 Annual Meeting of Stockholders of Lee Enterprises, Incorporated ("LEE"). The original notice was transmitted to LEE on November 25, 2025, and Cannell Capital LLC issues the following statement:Such withdrawal frustrates us and likely most other owners of LEE, owners which have watched as most of...

Cannell Capital LLC Intends to Vote Against Proposed Acquisition of Avid Bioservices by GHO Capital and Ampersand Capital

Mon, 02 Dec 2024 07:00:00 -0500

Alta, Wyoming--(Newsfile Corp. - December 2, 2024) - Cannell Capital LLC issues the following statement:Cannell Capital LLC ("CC") applauds and endorses the position and letters of Brock Pond Capital Partners and Punch & Associates of November 13 and 14, 2024, respectively, to Avid Bioservices, Inc. ("CDMO") regarding the proposed acquisition of CDMO by GHO Capital Partners LLP and Ampersand Capital Partners. Accordingly, Cannell Capital LLC intends to vote against the transaction as proposed....

Cannell Capital LLC Sends Letter to Sharecare, Inc. Director Alan G. Mnuchin

Thu, 04 Apr 2024 11:30:00 -0400

Alta, Wyoming--(Newsfile Corp. - April 4, 2024) - J. Carlo Cannell, the Managing Member of Cannell Capital LLC, sent the following letter to Sharecare, Inc. Director Mr. Alan G. Mnuchin on Thursday April 4, 2024.A copy of Mr. Cannell's letter to Mr. Mnuchin follows below.April 4, 2024Mr. Alan G. MnuchinSharecare, Inc.255 East Paces Ferry Road NEAtlanta, GA 30305 Dear Mr. Mnuchin,On October 12, 2023, Sharecare, Inc. ("SHCR") received an acquisition bid from Claritas Capital for cash consideration...

Rescue WISH Believes That the Transaction Announced by WISH Is in the Best Interests of All Shareholders

Tue, 19 Mar 2024 23:41:00 -0400

Alta, Wyoming--(Newsfile Corp. - March 19, 2024) - Rescue WISH is an organization dedicated to fighting for the best interests of all shareholders of ContextLogic, Inc. ("WISH"). ContextLogic, Inc. operates the e-commerce website wish.com and the company's common stock trades on the Nasdaq Stock Market under the ticker WISH.Rescue WISH noted in its initial press releases that WISH stock had fallen more than 99% since the time of its IPO and further noted that shareholders deserved the...

Cannell Capital, LLC Announces Holdings of Nova Cannabis, Inc.

Mon, 29 Jan 2024 14:06:00 -0500

Alta, Wyoming--(Newsfile Corp. - January 29, 2024) - Cannell Capital, LLC ("Cannell"), a Wyoming limited liability company, in its capacity as general partner and investment adviser to Tonga Partners, L.P. and Tristan Partners, L.P., and investment adviser to Tristan Offshore Fund, Ltd. and a separately-managed account (collectively, the "Funds") announced today that on January 22, 2024, Tonga Partners, L.P., Tristan Partners, L.P., and Tristan Offshore Fund, Ltd. acquired an aggregate of...

Cannell Capital Demands Board Refresh at VIA Optronics

Thu, 14 Dec 2023 15:34:00 -0500

Alta, Wyoming--(Newsfile Corp. - December 14, 2023) - Clients of Cannell Capital LLC, which per its September 30, 2023, Form 13F enjoy beneficial ownership of 9.8% of the American Depositary Receipts of VIA Optronics (NYSE: VIAO) releases the following statement in support of Rescue VIAO. Cannell Capital has deep concerns with VIAO's leadership. Such concerns begin with, but are not limited to Jürgen Eichner, the founder of VIAO. On November 17, the VIAO Supervisory Board suspended Mr. Eichner...

Shareholders of ContextLogic Demand More Shareholder Representation on the Board

Sun, 10 Dec 2023 19:51:00 -0500

Alta, Wyoming--(Newsfile Corp. - December 10, 2023) - Cannell Capital LLC ("Cannell Capital") has been a patient, long-term oriented shareholder of ContextLogic, Inc. ("WISH"). ContextLogic, Inc. operates the e-commerce website wish.com and the company's common stock trades on the Nasdaq Stock Market.The Board of Directors of WISH has taken advantage of that patience and squandered shareholder value. Investors in the ContextLogic, Inc. IPO have seen nearly their entire investment wiped out. ...

"Rescue VIAO" Has Been Formed to Help All Injured Shareholders of VIA Optronics AG (VIAO)

Tue, 28 Nov 2023 16:14:00 -0500

Alta, Wyoming--(Newsfile Corp. - November 28, 2023) - J. Carlo Cannell, the Managing Member of Cannell Capital LLC, releases the following statement on behalf of Rescue VIAO. Per its September 30, 2023 Form 13F, clients of Cannell Capital LLC own 9.8% of the American Depositary Receipts of VIA Optronics (NYSE: VIAO).***"Rescue VIAO” has been formed to help all injured shareholders of VIA Optronics AG (NYSE: VIAO). From January 22, 2021, to November 27, 2023, the equity has depreciated from...

Rescue WISH Announces Its Intent to Support Dissident Slate at ContextLogic Annual Meeting

Thu, 09 Nov 2023 20:08:00 -0500

Alta, Wyoming--(Newsfile Corp. - November 9, 2023) - Cannell Capital LLC supports Rescue WISH.Rescue WISH is dedicated to maximizing shareholder value and improving corporate governance at ContextLogic and welcomes the opportunity to pursue these goals at the 2024 Annual Meeting of shareholders of WISH. It believes shareholders should be given the opportunity to vote for new directors whose interests are fully aligned with shareholders. Rescue WISH believes that replacing the existing Board...