CVRx shareholder Chernett urges board to start immediate sale process to strategic buyer
CVRX•Calls for spending and pay cuts during review
Chernett also called for cuts to executive pay and G&A spending during the review, citing urgency while the company still has cash.
Shareholder presses for immediate sale review
Pointillist Family Office founder Jorey Chernett, holding more than 5.5% of CVRx shares, urged the board to start a sale process.
The letter pressed for an immediate strategic review focused on a deal with a large medical-device buyer for the Barostim franchise.
