Daktronics extends poison pill, lowers trigger threshold to 15% amid dispute with Alta Fox

DAKTRONICS INC /SD/

Board extended shareholder rights agreement to Nov 19, 2025; beneficial ownership trigger set at 15% (20% for passive investors).
Exercise price per right changed to $40.00 under the amended rights agreement.
Company to force conversion of $7M of Alta Fox's $25M convertible note into ~1.1M shares; Alta Fox threatened board nominations.
Board rejected Alta Fox's demand for $79M to retire the note, citing best interests of common shareholders.

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