Hollenden Square Research LLC Issues Second Open Letter to the Board of a $2-3 Billion Nasdaq-listed Payments Company

NEW YORK, March 14, 2025 (GLOBE NEWSWIRE) -- Hollenden Square Research LLC ("HSR," "We," or "Us"), is publishing a second open letter to the board of a $2-3 billion (previously $4 billion) Nasdaq-listed fintech company headquartered in Latin America (the “Company”). This follows our initial letter and presentation, published on February 20, 2025, which can be accessed at https://www.globenewswire.com/news-release/2025/02/20/3029818/0/en/Hollenden-Square-Research-LLC-Issues-Open-Letter-to-the-Board-of-a-4-Billion-Nasdaq-listed-Payments-Company.html.

The Company has responded through a brief press release, apparently dismissing our claims as inaccurate and misleading, purportedly already addressed in past investigations.

Following the Company’s earnings report on February 27, 2025 – which was met with a negative market reaction – HSR is today publishing a second open letter, attached to this release. In this letter, we challenge any potential assertion that our concerns have been previously investigated and emphasize the critical need for a thorough response.

We refer to the disclaimer at the bottom of the letter.

Sincerely,
Hollenden Square Research LLC

This release and letter are not for distribution or reading in the Cayman Islands, Israel, Saudi Arabia, Singapore, the United Arab Emirates, or the United Kingdom, and no statements pertain to activities in those countries.

The letter accompanying this announcement is available at http://ml.globenewswire.com/Resource/Download/2beafcc5-ce56-443c-be04-5a2bec025254

ContactsHollenden Square Research LLCEmail: [email protected]