Kent Lake condemns Quanterix’s failure to schedule its 2025 Annual Meeting

Kent Lake PR LLC, a holder of approximately 6.9% of the outstanding common stock of Quanterix (QTRX), issued the following statement condemning the company’s failure thus far to schedule its 2025 Annual Meeting on time. “Quanterix’s ongoing failure to schedule its 2025 Annual Meeting until the approaching legal deadline is consistent with the Board’s pattern of limiting and disregarding shareholder input. More than one year has already passed since Quanterix held its last Annual Meeting on June 3, 2024, yet the 2025 Annual Meeting remains unscheduled. We believe the Board of Directors is using delay tactics to further disenfranchise shareholders by failing to hold an annual meeting on time. We believe that by delaying the 2025 Annual Meeting, the Board is actively avoiding shareholder accountability. This delay enables the Board to finalize controversial strategic actions, such as the Akoya merger, without facing direct shareholder feedback. We believe that the Board is also trying to delay the Annual Meeting until after closing the Akoya merger to dilute existing Quanterix shareholders’ voting rights with newly issued shares to Akoya that are more likely to support the existing Board versus Kent Lake’s slate of highly qualified director candidates. These tactics are unacceptable, and we call on the Board to immediately schedule and promptly hold the 2025 Annual Meeting. Shareholders should view any further delays in holding the 2025 Annual Meeting as a deliberate effort by the Board to disenfranchise existing shareholders of their voting rights. Further, if the Board would like to demonstrate it supports shareholder rights and accountability, we urge them to include a proposal to declassify the Board on the agenda for this upcoming meeting. Quanterix shareholders have suffered abysmal returns since the 2017 IPO under the current entrenched board, and a declassified board would be a major step towards restoring faith in Quanterix amongst the investment community.”