Kent Lake Provides Information to Shareholders of Quanterix Corporation

Published: 2025-05-23 16:50:50 ET QTRX

Published on 05/23/2025 at 16:50

On May 23, 2025, Kent Lake PR LLC announced that it has issued a statement regarding the Quanterix Corporation?s Post-Effective Amendment to its S-4 registration statement and Akoya Biosciences? disclosure of an unsolicited all-cash offer at $1.40-per-share. Kent Lake stated that Akoya disclosed a 3rd-party all-cash offer at $1.40 per share, which is a 22% premium over Akoya's 30-day VWAP and Company's implied offer price.

In addition, Kent Lake stated that Company trades at a significant discount to its net cash position, reflecting investor concerns over the value destruction from the transaction, and Kent Lake stated that the post-effective amendment acknowledges stockholder opposition as a key reason for renegotiating the merger terms and removing the shareholder voting requirement. Kent Lake urges the Company Board to allow Akoya to accept the superior proposal without increasing the purchase consideration and to consider selling Company to the highest bidder instead.