Kaos Capital demands board changes at Capricor Therapeutics
Kaos Capital Ltd., a significant shareholder of Capricor Therapeutics, Inc., has issued a letter to shareholders demanding an immediate meeting with the Board of Directors to discuss the company's strategic direction.
Kaos Capital is calling for increased cash preservation following reports that Capricor's cash, cash equivalents, and marketable securities fell to $237.9 million as of June 30, 2026, a decrease of approximately $80.2 million from the end of 2025. The shareholder also noted that general and administrative expenses in the first half of 2026 were approximately double those of the same period in 2025.
As part of its proposal, Kaos Capital intends to nominate two independent directors and seeks the establishment of a Board-led M&A and Strategic Alternatives Committee, which would be chaired by a director backed by shareholders.
Entities
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Capricor reported $79.7 million in total operating expenses during the first half of 2026. www.thebesttimes.com · www.stocktitan.net
- [● 2 SOURCES] Capricor reported $237.9 million in cash, cash equivalents, and marketable securities as of June 30, 2026. www.thebesttimes.com · www.stocktitan.net
- [● 2 SOURCES] General and administrative expenses for the first half of 2026 were approximately double those of the comparable period in 2025. www.thebesttimes.com · www.stocktitan.net
- [● 2 SOURCES] Kaos Capital intends to nominate two independent directors and seek the creation of a Board-led M&A and Strategic Alternatives Committee. www.thebesttimes.com · www.stocktitan.net
- [● 2 SOURCES] Capricor's cash position decreased by approximately $80.2 million from the end of 2025. www.thebesttimes.com · www.stocktitan.net
- [● 2 SOURCES] Kaos Capital Ltd. has issued a letter to Capricor Therapeutics shareholders calling for an immediate meeting with the Board of Directors to discuss strategic direction. www.thebesttimes.com · www.stocktitan.net