RINCON, Puerto Rico, June 11,
2025 /PRNewswire/ -- Kent Lake PR LLC ("Kent Lake"), a holder of approximately 6.9% of
the outstanding common stock of Quanterix Corporation ("Quanterix"
or the "Company") (NASDAQ: QTRX), today issued the following
statement condemning the Company's failure thus far to schedule its
2025 Annual Meeting on time.
"Quanterix's ongoing failure to schedule its 2025 Annual Meeting
until the approaching legal deadline is consistent with the Board's
pattern of limiting and disregarding shareholder input.
More than one year has already passed since Quanterix held its
last Annual Meeting on June 3, 2024,
yet the 2025 Annual Meeting remains unscheduled. We believe the
Board of Directors (the "Board") is using delay tactics to further
disenfranchise shareholders by failing to hold an annual meeting on
time.
We believe that by delaying the 2025 Annual Meeting, the Board
is actively avoiding shareholder accountability. This delay enables
the Board to finalize controversial strategic actions, such as the
Akoya merger, without facing direct shareholder feedback. We
believe that the Board is also trying to delay the Annual Meeting
until after closing the Akoya merger to dilute existing Quanterix
shareholders' voting rights with newly issued shares to Akoya that
are more likely to support the existing Board versus Kent Lake's slate of highly qualified director
candidates.
These tactics are unacceptable, and we call on the Board to
immediately schedule and promptly hold the 2025 Annual Meeting.
Shareholders should view any further delays in holding the 2025
Annual Meeting as a deliberate effort by the Board to
disenfranchise existing shareholders of their voting rights.
Further, if the Board would like to demonstrate it supports
shareholder rights and accountability, we urge them to include a
proposal to declassify the Board on the agenda for this upcoming
meeting. Quanterix shareholders have suffered abysmal returns since
the 2017 IPO under the current entrenched board, and a declassified
board would be a major step towards restoring faith in Quanterix
amongst the investment community."
About Kent Lake
Kent Lake Partners LP is an investment fund founded by
Ben Natter in 2019 with a focus on
small and mid-capitalization public equities, particularly in the
healthcare space. Mr. Natter has over a decade of successful public
healthcare equity investing experience.
Certain Information Concerning the Participants
Kent Lake Partners LP ("Kent Lake Partners"), together with the
other Participants (as defined below), intends to file a
preliminary proxy statement and an accompanying GOLD universal
proxy card with the Securities and Exchange Commission ("SEC") to
be used to solicit votes for, among other matters, the election of
its slate of highly-qualified director nominees at the 2025 annual
meeting of stockholders of Quanterix Corporation, a Delaware corporation (the "Company").
KENT LAKE PARTNERS STRONGLY ADVISES ALL SHAREHOLDERS OF THE
COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS,
INCLUDING ITS GOLD PROXY CARD, AS THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL
BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT
HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY
SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT
CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES SHOULD BE
DIRECTED TO THE PARTICIPANTS' PROXY SOLICITOR.
The participants in the proxy solicitation are currently
anticipated to be Kent Lake Partners, Kent Lake PR LLC ("Kent Lake
PR") and Benjamin Natter
(collectively, the "Kent Lake Parties"); and Alexander G. Dickinson, Bruce Felt and Hakan
Sakul (the "Kent Lake Nominees" and collectively with the
Kent Lake Parties, the "Participants").
As of the date hereof, Kent Lake Partners directly beneficially
owned 2,688,472 shares of the Company's Common Stock, $0.001 par value per share (the "Common Stock").
Kent Lake PR, as the investment adviser and as the general partner
to Kent Lake Partners, may be deemed to beneficially own the
2,688,472 shares of Common Stock beneficially owned by Kent Lake
Partners. Mr. Natter, as the Managing Member of Kent Lake PR, may
be deemed to beneficially own the 2,688,472 shares of Common Stock
beneficially owned by Kent Lake Partners. None of the Kent Lake
Nominees beneficially own any shares of Common Stock. All of the
foregoing information is as of the date hereof unless otherwise
disclosed.
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content:https://www.prnewswire.com/news-releases/kent-lake-condemns-quanterixs-failure-to-schedule-its-2025-annual-meeting-as-a-tactic-to-silence-shareholders-302478206.html
SOURCE Kent Lake PR LLC