Mar. 23 at 8:18 PM
$AIRG Friday a 13D was filed by a group of investors: Tim O'Connnell, Haluk Bayraktar and Emre Aciksoz. Tim is with an outfit called Chain Of Lakes Investment Fund which is an activist investment fund, Haluk is head of Baykar Technologies of Turkey( they make the Bayraktar drone for the military which has been used by Ukraine), Emre- don't have anything on the guy other than he's a private investor.
These gentlemam have been together on a couple other investments. Back in 2023 they filed a 13D on PCTEL Inc. when the stock was trading around
$4. Shortly after Haluk made his filing, the company was acquired by Amphenol(
$AMPH) for
$7/share. Last year the groupd filed a 13D for Lantronix(
$LTRX) when the stock was trading a little over
$2/share, they got a designee to serve on the board of directors:
https://www.lantronix.com/newsroom/press-releases/lantronix-enters-into-cooperation-agreement-chain-of-lakes-investment-fund-llc/
The stock rose to over
$8 and is still over
$5 the group has decreased their stake to below 5%.
In the most recent filing for
$AIRG, they had this to say:
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