Brief: Arena Investors, LP Sent Letter To Board Of Directors Of Charge Enterprises

Charge Enterprises

11/09/2023 14:36

Sept 11 (Reuters) - Arena Investors, LP:
    * ARENA INVESTORS, LP - SENT LETTER TO BOARD OF DIRECTORS OF
CHARGE ENTERPRISES
    * ARENA INVESTORS, LP: BELIEVES CHANGES ANNOUNCED BY CHARGE
ON
AUGUST 29, 2023 ARE INSUFFICIENT FOR SUBSTANTIAL VALUE CREATION
    * ARENA INVESTORS SAYS CHARGE ENTERPRISES BOARD SHOULD
CONDUCT A
THOROUGH SEARCH FOR A PERMANENT CEO WITH HELP OF APPROPRIATE
ADVISORS
    * ARENA INVESTORS SAYS CHARGE ENTERPRISES BOARD AND
CORPORATE
MANAGEMENT SHOULD FOCUS ON SECURING NEW LONG-TERM DEBT FINANCING
ARRANGEMENTS
    * ARENA INVESTORS: CHARGE BOARD SHOULD BE DOWNSIZED
    * ARENA INVESTORS: A NUMBER OF NEW DIRECTORS SHOULD BE
ELECTED TO
CHARGE'S BOARD

Further company coverage:  CRGE.O 

 ((Reuters.Briefs@thomsonreuters.com;))