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Blue Duck Capital urged Snap Inc.’s board to raise external capital to unlock sum-of-the-parts value and proposed removing $500 million of annual specs spending from Snap’s core business.
Blue Duck has urged the Snap board to raise a dedicated external capital cap for special purpose acquisition companies from venture investors or a strategic partner.
Activist investor Blue Duck Capital has urged the board of directors at Snap Inc. to raise the company's external capital limitations. The firm believes this move would allow for the unlocking of sum-of-the-parts value.
Activist investor Blue Duck Capital is calling on the Snap Inc. board of directors to raise external capital for strategic investments to unlock the company's sum-of-the-parts value.