Daktronics Comments on Presentation and Public Statements from Alta Fox
Daktronics, Inc. (DAKT)
Last daktronics, inc. earnings: 5/29 07:30 am
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US:NASDAQ Investor Relations:
investor.daktronics.com
Company Research
Source: GlobeNewswire
BROOKINGS, S.D., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Daktronics, Inc. (“Daktronics” or the “Company”) (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today issued the following statement regarding the recent press release and public comments from Alta Fox Capital Management, LLC (together with its affiliates, “Alta Fox”): In May 2023, after a competitive process with several potential financing providers, we sold $25 million of convertible debt to Alta Fox. At that time, Alta Fox stated on social media that Daktronics’ stock “could triple” to approximately $16.23 per share.1 Since then, we have engaged extensively and in good faith with Alta Fox, including recently regarding Alta Fox’s desire to accelerate the Company’s repayment of this twenty-month-old convertible debt. In its most recent proposal, Alta Fox demanded that the Company retire the conv
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- Cree LED and Daktronics Enter Licensing Agreement for LED Display Technology [Yahoo! Finance]Yahoo! Finance
- Breach Inlet Capital Issues Public Letter to Board of DaktronicsBusiness Wire
- Daktronics' (NASDAQ:DAKT) Soft Earnings Are Actually Better Than They Appear [Yahoo! Finance]Yahoo! Finance
- Alta Fox Corrects the Record Regarding Daktronics' Misleading Statements [Yahoo! Finance]Yahoo! Finance
- Alta Fox Corrects the Record Regarding Daktronics’ Misleading StatementsBusiness Wire
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Earnings
- 12/4/24 - Beat
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Sec Filings
- 12/16/24 - Form 4/A
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- DAKT's page on the SEC website