Gatemore Capital has accused PolarityTE of maintaining a host of “completely unnecessary defensive entrenchment provisions” in its bylaws and suggested it may challenge the company’s top echelon if governance practices are not improved. In its second letter to PolarityTE in a little over a month, Gatemore said the compnay is plagued by a “stunning lack of transparency” that it believes is “part of a broader pattern of poor corporate governance.” […]
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