Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook 
Asian Stocks Slide as Chip Shares Tumble Ahead of Key U.S. Jobs Report 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
Gold Price Today: Bullion Heads for First Weekly Gain as Weak U.S. Jobs Data Eases Rate Hike Fears 
Denmark Central Bank Intervenes to Support Krone Peg Against Euro 
Japan Signals Readiness to Act on Yen as Intervention Speculation Grows 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
Oil Prices Steady as U.S.-Iran Talks Ease Supply Fears Ahead of Holiday Weekend 
Wall Street Ends Mixed as Weak Jobs Data Lowers Fed Rate Hike Bets, Chip Stocks Tumble 
Oil Prices Steady as U.S.-Iran Peace Talks Ease Strait of Hormuz Supply Fears 
South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
U.S. Dollar Drops as Weak Jobs Data Boosts Fed Pause Bets, Yen Jumps on Intervention Talk 
U.S. call center software company Five9 Inc. is close to reaching a settlement with Anson Funds Management following months of pressure from activist investors. Sources familiar with the matter revealed that the agreement, which could be announced as early as Monday, would grant Anson Funds portfolio manager Sagar Gupta a seat on the company’s nine-member board.
Activist Pressure Mounts on Five9
Five9 has been under increasing scrutiny from activist investors, including Anson Funds and Legion Partners, who have been vocal about their dissatisfaction with the company’s performance. Anson Funds, led by Chief Investment Officer Moez Kassam, began engaging with Five9 earlier this year after amassing a significant stake in the company. Legion Partners followed suit in October, also requesting a board seat.
Scaler Gauge, another investment firm supporting shareholder activism at Five9, has backed Gupta’s addition to the board, highlighting growing external pressure for significant changes in governance. These moves come as Five9’s market value has plunged to $3.2 billion, following a 44% drop in its stock price this year. However, recent signs of recovery have seen the stock climb 15% in the past month.
Sources note that the proposed settlement aims to align Five9’s leadership with shareholder expectations, ensuring strategic changes to improve performance and shareholder value.
Behind the Negotiations
Under the terms being discussed, Gupta’s appointment to the board would mark a key victory for Anson Funds, which has been ramping up its activism efforts. Gupta, who previously worked at Legion Partners, specializes in technology, media, and telecommunications investments. His addition to the board is seen as a step toward driving targeted changes within Five9.
Five9’s struggles have been compounded by its decision last year to reject an acquisition offer from Zoom Video Communications, a deal that could have potentially stabilized the company’s financial outlook. With stronger third-quarter revenue and reduced net losses reported in November, Five9 has demonstrated resilience but remains under pressure to execute long-term growth strategies.
