ViewRay announced that it has reached an agreement with Hudson Executive Capital LP to appoint Sai Nanduri, Senior Investment Analyst and representative of HEC, as an observer of the ViewRay Board of Directors, effective as of January 20. The company has also agreed that the Board will appoint Nanduri to fill any vacancy on the Board arising during the term of the agreement. In connection with this announcement, ViewRay has also entered into a cooperation agreement with HEC, which currently owns approximately 8.7% of the company’s outstanding common stock. Pursuant to its agreement with ViewRay, HEC has agreed to customary standstill and voting commitments, among other provisions.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on VRAY:
- ViewRay announces publication on MRIdian MRI-Guidance in SBRT
- ViewRay CFO to step down, William Burke to succeed
- ViewRay reports preliminary Q4 revenue $35M, consensus $32.67M
- ViewRay Announces Preliminary Fourth Quarter and Full Year 2022 Results; appoints William P. “Bill” Burke as Chief Financial Officer
- Piper Sandler bullish on ViewRay following two large MRIdian agreements
