Latest Schedule 13D activist filings

Charles W. Ergen and Cantey M. Ergen, along with affiliated trusts, maintain significant beneficial ownership and voting control over EchoStar Corporation, with a new GRAT established for estate planning purposes.

MNG Enterprises, a significant shareholder in DallasNews Corp, has reiterated its $16.50 per share all-cash acquisition proposal after the DallasNews Board rejected it in favor of a lower offer from Hearst, signaling a potential proxy battle.

Sofinnova Crossover I SLP and its affiliates have increased their beneficial ownership in Abivax SA to 11.4% of voting rights through a $17.28 million acquisition of American Depositary Shares in a recent public offering.

Zeno Equity Partners and its affiliates have reduced their beneficial ownership in Waldencast plc to 14.5% of Class A ordinary shares by transferring over 4.4 million shares to satisfy investor redemption requests.

Cango Inc. is undergoing a significant strategic transformation, acquiring crypto mining assets in exchange for shares, leading to Golden TechGen Limited becoming a substantial beneficial owner with rights to appoint directors.

Jianbiao Dai, through Dragonsoft Holding Limited, gifted 730,000 Class A ordinary shares of Netclass Technology Inc., reducing his direct Class A beneficial ownership to 32.82%.

Activist investor group led by Joseph Stilwell discloses a 9.4% beneficial ownership in Lake Shore Bancorp, aiming to maximize shareholder value.

Saba Capital Management, L.P. and its affiliates have increased their beneficial ownership in Destra Multi-Alternative Fund to 22.7% through recent open market purchases.

OrbiMed Advisors and its affiliates have updated their beneficial ownership in ImageneBio, Inc. to 6.92% after a 1-for-12 reverse stock split and a Private Investment in Public Equity (PIPE) transaction, which included a significant share purchase by an OrbiMed entity at a notably lower price than other PIPE investors.

Wells Fargo & Company and Wells Fargo Municipal Capital Strategies, LLC have filed an amendment to their Schedule 13D, disclosing their current beneficial ownership of Nuveen California Quality Municipal Income Fund preferred shares and an upcoming redemption event.

Wells Fargo & Company and Wells Fargo Municipal Capital Strategies, LLC have filed an Amendment No. 7 to their Schedule 13D, reporting a scheduled redemption of 180 MFP Preferred Shares by Nuveen California Quality Municipal Income Fund on July 28, 2025.

J Turbines, Inc. and John A. Johnson have significantly reduced their beneficial ownership in Solaris Energy Infrastructure, Inc. through a series of Class B to Class A stock conversions and subsequent sales totaling 6 million shares.

Intercontinental Exchange Holdings, Inc. has entered into a 90-day lock-up agreement for Bakkt Holdings, Inc. shares in connection with a proposed follow-on public offering, while its overall beneficial ownership in Bakkt has decreased to 36.0%.

Intercontinental Exchange Holdings, Inc. has entered into a 90-day lock-up agreement for Bakkt Holdings, Inc. shares in connection with a proposed follow-on public offering, while its overall beneficial ownership in Bakkt has decreased to 36.0%.

flyExclusive, Inc. has waived the lock-up restriction on 5.625 million Class A common shares and 4.333 million warrants held by EG Sponsor LLC, originally set to expire in December 2026.

Biogen Inc. and Biogen MA Inc. have fully divested their 9.941% beneficial ownership in Sage Therapeutics, Inc. by selling all 6,241,473 shares at $8.53 per share.

Biogen Inc. and Biogen MA Inc. have fully divested their entire beneficial ownership in Sage Therapeutics, Inc., selling all 6,241,473 shares at $8.53 per share.

ChiPing Cheung's controlled entity, Chrome Fields Asset Management LLC, reduced its stake in Aureus Greenway Holdings Inc. to 16.9% through a private stock sale, with a portion of the proceeds directed to the company for operations and management compensation.

Aureus Greenway Holdings Inc. has filed an amended Schedule 13D revealing a private stock purchase agreement that injected $4 million into the company and solidified key management roles and future equity incentives.

Executive Chairman Sean P. Downes updated his Schedule 13D filing for Universal Insurance Holdings, Inc., disclosing a 6.6% beneficial ownership stake and detailing recent share sales, option exercises, and new restricted stock awards.

Franklin Resources, through its subsidiaries BSP Fund HoldCo and Franklin Advisers, Inc., has disclosed a combined beneficial ownership of 62.2% in Franklin BSP Private Credit Fund's Advisor Class Shares.

Joint Stock Company Kaspi.kz has finalized its acquisition of D-MARKET Electronic Services & Trading shares, terminating the Share Pledge Agreement and confirming full beneficial ownership of 66.35%.

Joint Stock Company Kaspi.kz has completed the payment of deferred consideration and terminated the share pledge agreement related to its 66.35% beneficial ownership in D-MARKET Electronic Services & Trading.

Lance Brock Finlinson has fully divested his holdings in CEA Industries Inc., citing the achievement of specific price objectives for the sale of his common stock.

111 Equity Group LLC and its principals, Rochel M. Kassirer and Chaim Herzog, have fully divested their beneficial ownership in CEA Industries Inc. and terminated their non-disclosure agreement, signaling an end to their engagement with the company.

Diveroli Investment Group LLC and Kingbird Ventures LLC have disclosed a significant 9.94% beneficial ownership stake in AYRO, Inc., holding 54,000 shares of common stock.

Yoda PLC, through its subsidiary, has acquired an additional 652,350 common shares of Capital Clean Energy Carriers Corp., increasing its beneficial ownership to 28.24% for investment purposes.

Sylebra Capital and its affiliates have amended their Schedule 13D filing for RingCentral, Inc., indicating a shift from an active to a passive investment strategy after a disposal of securities, reducing their beneficial ownership to 4.88%.

An amended Schedule 13D filing reveals updated beneficial ownership percentages for Guardian Pharmacy Services, Inc.'s Class A common stock, incorporating future conversions of Class B shares by major holders.

Atlas Venture funds report a significant dilution of their beneficial ownership in ImageneBio, Inc. to 3.6% following the company's merger with Inmagene Biopharmaceuticals and a 1-for-12 reverse stock split.