DOMA Perpetual Capital Management Announces Intent to Nominate Four Highly Qualified, Independent Director Candidates at 2025 Annual Meeting of Pacira BioSciences, Inc.
DOMA Perpetual Capital Management, owning 4.14% of Pacira BioSciences (NASDAQ: PCRX), announced plans to nominate four independent director candidates for Pacira's 2025 annual stockholder meeting. DOMA has hired Olshan Frome Wolosky LLP as legal counsel for company dealings.
Expressing strong confidence in Pacira's intellectual property value, DOMA believes the company's stock is significantly undervalued. They are urging Pacira to initiate an immediate stock tender offer for 10 million shares using available cash reserves, followed by executing their previously approved $150 million buyback program using the company's healthy and growing free cash flow.
DOMA Perpetual Capital Management, che possiede il 4,14% di Pacira BioSciences (NASDAQ: PCRX), ha annunciato piani per nominare quattro candidati indipendenti come direttori per l'assemblea annuale degli azionisti di Pacira del 2025. DOMA ha assunto Olshan Frome Wolosky LLP come consulente legale per le operazioni aziendali.
Esprimendo una forte fiducia nel valore della proprietà intellettuale di Pacira, DOMA ritiene che le azioni dell'azienda siano significativamente sottovalutate. Stanno esortando Pacira ad avviare un'immediata offerta pubblica di acquisto per 10 milioni di azioni utilizzando le riserve di liquidità disponibili, seguita dall'esecuzione del loro programma di riacquisto da 150 milioni di dollari precedentemente approvato, utilizzando il sano e crescente flusso di cassa libero dell'azienda.
DOMA Perpetual Capital Management, que posee el 4.14% de Pacira BioSciences (NASDAQ: PCRX), anunció planes para nominar a cuatro candidatos independientes para la reunión anual de accionistas de Pacira en 2025. DOMA ha contratado a Olshan Frome Wolosky LLP como asesor legal para los asuntos de la empresa.
Expresando una fuerte confianza en el valor de la propiedad intelectual de Pacira, DOMA considera que las acciones de la compañía están significativamente subvaloradas. Están instando a Pacira a iniciar una oferta pública de adquisición inmediata para 10 millones de acciones utilizando las reservas de efectivo disponibles, seguida de la ejecución de su programa de recompra de 150 millones de dólares previamente aprobado, utilizando el saludable y creciente flujo de caja libre de la empresa.
DOMA Perpetual Capital Management는 Pacira BioSciences (NASDAQ: PCRX)의 4.14%를 소유하고 있으며, 2025년 Pacira의 연례 주주 총회를 위한 네 명의 독립 이사 후보를 지명할 계획을 발표했습니다. DOMA는 기업 거래를 위한 법률 자문으로 Olshan Frome Wolosky LLP를 고용했습니다.
Pacira의 지적 재산 가치에 대한 강한 신뢰를 표현하면서, DOMA는 회사의 주식이 상당히 저평가되어 있다고 믿고 있습니다. 그들은 Pacira에게 이용 가능한 현금 잔고를 사용하여 1천만 주의 즉각적인 주식 입찰을 시작하고, 회사의 건전하고 증가하는 자유 현금 흐름을 사용하여 이전에 승인된 1억 5천만 달러의 자사주 매입 프로그램을 실행할 것을 촉구하고 있습니다.
DOMA Perpetual Capital Management, détenant 4,14 % de Pacira BioSciences (NASDAQ: PCRX), a annoncé son intention de nommer quatre candidats indépendants au conseil d'administration pour l'assemblée annuelle des actionnaires de Pacira en 2025. DOMA a engagé Olshan Frome Wolosky LLP en tant que conseiller juridique pour les affaires de l'entreprise.
Expriment une forte confiance dans la valeur de la propriété intellectuelle de Pacira, DOMA estime que l'action de la société est significativement sous-évaluée. Ils exhortent Pacira à lancer une offre publique d'achat immédiate pour 10 millions d'actions en utilisant les réserves de liquidités disponibles, suivie de l'exécution de leur programme de rachat de 150 millions de dollars déjà approuvé, en utilisant le flux de trésorerie libre sain et croissant de l'entreprise.
DOMA Perpetual Capital Management, das 4,14% an Pacira BioSciences (NASDAQ: PCRX) hält, hat Pläne angekündigt, vier unabhängige Direktorenkandidaten für die Hauptversammlung der Aktionäre von Pacira im Jahr 2025 zu nominieren. DOMA hat Olshan Frome Wolosky LLP als Rechtsbeistand für Unternehmensangelegenheiten engagiert.
DOMA äußert großes Vertrauen in den Wert des geistigen Eigentums von Pacira und glaubt, dass die Aktien des Unternehmens erheblich unterbewertet sind. Sie fordern Pacira auf, ein sofortiges öffentliches Übernahmeangebot für 10 Millionen Aktien aus den verfügbaren Barmittelreserven zu initiieren, gefolgt von der Umsetzung ihres zuvor genehmigten Rückkaufprogramms über 150 Millionen USD unter Verwendung des gesunden und wachsenden freien Cashflows des Unternehmens.
- Company has substantial cash reserves on hand
- Company demonstrates healthy and growing free cash flow
- Previously approved $150 million share buyback program in place
- Activist investor intervention suggesting potential governance concerns
- Stock considered significantly undervalued, indicating market performance issues
Insights
This activist campaign by DOMA, owning
The activist campaign's timing and structure are strategically significant. DOMA's early announcement for 2025 board nominations puts immediate pressure on current management while providing ample time for shareholder engagement. The hiring of Olshan Frome Wolosky, a renowned activist investor law firm, demonstrates DOMA's serious commitment and suggests a well-prepared campaign. The push for four board seats would represent a substantial change in board composition, potentially leading to significant strategic shifts. The dual focus on board refreshment and capital return indicates a comprehensive approach to value creation through both governance and financial engineering.
Expresses Conviction in Pacira's IP and Belief that Shares are Significantly Undervalued
Urges Pacira to Immediately Commence Stock Tender Offer with Cash on Hand
About DOMA Perpetual Capital Management LLC:
DOMA Perpetual Capital Management LLC is an asset management firm based in
Contact:
DOMA Perpetual Capital Management LLC
ir@domaperpetual.com
CERTAIN INFORMATION CONCERNING THE PARTICIPANTS
DOMA Perpetual Capital Management LLC, a
DOMA STRONGLY ADVISES ALL STOCKHOLDERS OF THE COMPANY TO READ THE PROXY STATEMENT AND OTHER PROXY MATERIALS AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. SUCH PROXY MATERIALS WILL BE AVAILABLE AT NO CHARGE ON THE SEC'S WEB SITE AT HTTP://WWW.SEC.GOV. IN ADDITION, THE PARTICIPANTS IN THIS PROXY SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE, WHEN AVAILABLE, UPON REQUEST. REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS' PROXY SOLICITOR.
The participants in the proxy solicitation are anticipated to be DOMA, DOMA Perpetual LO Equity Master Fund LP, an exempted limited partnership organized under the laws of the
As of the date hereof, DOMA LO Master directly beneficially owns 1,747,849 shares of Common Stock, par value
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SOURCE DOMA Perpetual
FAQ
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