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Kent Lake Responds to Quanterix's Post-Effective Amendment and Akoya's Superior $1.40-per-Share Alternative Proposal

Kent Lake Partners LP issued a statement on May 23, 2025, responding to Quanterix Corporation's post-effective amendment and Akoya Biosciences' unsolicited $1.40-per-share cash offer for Akoya, both listed on NASDAQ.
This response follows Quanterix's amended merger terms designed to avoid a shareholder vote amid stockholder opposition and to address Akoya's superior offer that represents a 22% premium over Quanterix's implied price.
Kent Lake criticized Quanterix's deal for value destruction citing a negative $80 million enterprise value, an $80 million cash burn, and missed 2025 revenue projections by CEO Dr. Toloue, whose 2026 break-even claims they deem unreliable.
Kent Lake warned that if the Quanterix Board seeks to advance a rival proposal, it could severely jeopardize the company’s financial stability, and encouraged shareholders to thoroughly review all proxy documents prior to the 2025 annual meeting.
Kent Lake plans to file a proxy statement and gold universal proxy card to elect new directors and recommends that Quanterix explore strategic alternatives, including selling to the highest bidder, given shareholder opposition to the merger.

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Kent Lake Responds to Quanterix's Post-Effective Amendment and Akoya's Superior $1.40-per-Share Alternative Proposal

RINCON, Puerto Rico, May 23, 2025 /PRNewswire/ -- Kent Lake PR LLC ("Kent Lake"), a holder of approximately 6.9% of the outstanding common stock of Quanterix Corporation ("Quanterix" or the "Company") (NASDAQ: QTRX), today issued the following statement regarding the…

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