14% ownership is ownership. Not just “big investor”. It’s not big enough ownership to pull unilateral changes, but when someone owns 14% of your company they do sit at the big boy table.
To reiterate this, in the US, buying anything over 5% of a public company requires public disclosure to the SEC, as it means the buyer has immense influence on that company. At that point other shareholders, i.e other owners, should know about it.
14% ownership is ownership. Not just “big investor”. It’s not big enough ownership to pull unilateral changes, but when someone owns 14% of your company they do sit at the big boy table.
To reiterate this, in the US, buying anything over 5% of a public company requires public disclosure to the SEC, as it means the buyer has immense influence on that company. At that point other shareholders, i.e other owners, should know about it.