Enlivex, a Nasdaq-listed biotech company, is asking shareholders to approve up to $800 million in financing tied to the RAIN crypto token, which could dilute existing shares by up to 951%. The funds are primarily for crypto treasury purposes, with only a small portion earmarked for its Allocetra product.
Satsuma Technology, a UK-based Bitcoin treasury company, will liquidate its entire 668 BTC position (worth $43.5M) and delist from the LSE after shareholders overruled its board. This unwinds the company, which raised £163.6M in 2025 but saw its stock crash during the crypto winter.
Leonardo Maria Del Vecchio has publicly challenged the board of Delfin, the family's investment vehicle, over a proposed buyout of his siblings' shares. The deal, valued around €10 billion, would increase his stake to 37.5% and reshape family influence over the EssilorLuxottica empire.
Saba Capital, the activist hedge fund led by Boaz Weinstein, has secured control of Edinburgh Worldwide Investment Trust after shareholders voted Thursday to oust chair Jonathan Simpson-Dent and five other board members, installing three Saba-backed nominees. The victory gives Weinstein's firm control of the Baillie Gifford-run trust, whose largest holding is SpaceX at about 20% of the portfolio. SpaceX, with an imminent IPO, generated a staggering 947% return for EWIT since 2018. Saba plans to reposition the trust toward UK-listed investment trusts and target a single-digit discount to NAV through share buybacks.
