Aug. 21 at 12:33 PM
$KROS ADAR1 Sends Open Letter to Keros Board of Directors Urging the Board to Engage Constructively on Strategy, Capital Allocation and Board Refreshment
https://www.prnewswire.com/news-releases/adar1-sends-open-letter-to-keros-board-of-directors-urging-the-board-to-engage-constructively-on-strategy-capital-allocation-and-board-refreshment-302535332.html
"Additionally, we are concerned by the lack of follow-through on the Company's June 9 announcement regarding the planned return of
$375 million in excess capital. Shareholders have now waited for more than two months without any update on the timing or process for the return of capital. We urge the Company to promptly communicate a clear and detailed plan to return capital, specifically through the declaration of a special dividend."
ADAR1 reported beneficial ownership of 5,389,264 shares of KROS in a 13F filed on Aug 14.
