ALTA, Wyo. —
Dear Investor,
Nashuk Partners, L.P. (“Nashuk”) hereby announces its intention to buy up to 375,000 shares of Class A Common Stock with Par Value $0.01 per share Pendrell Corporation (“PCO”) at the price of $3.00 per share. This offer allows holders of PCO to sell their shares without brokerage commissions, market price impact and with minimal paperwork. As this offer begins on October 20, 2017 and will expire on November 17, 2017, interested PCO shareholders should act with robust alacrity.
Shareholders who hold their PCO shares in a brokerage account will need to inform their brokerage firm that they wish to tender their Shares.
Nashuk posits that this offer presents a number of benefits to PCO shareholders:
Nashuk makes the following disclosures related to the above tender offer, however:
Interested PCO shareholders should contact PCO’s transfer agent ComputerShare to tender their shares. ComputerShare can be reached at (800) 942-5909 or online at https://www.computershare.com/us.
Best regards!
Sincerely,
/s/
J. Carlo Cannell
Managing Member
Cannell Capital LLC,
Investment Adviser and General Partner to Nashuk
SOURCE Cannell Capital LLC