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Staar Surg SEC Filings

STAA NASDAQ

Welcome to our dedicated page for Staar Surg SEC filings (Ticker: STAA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

The STAAR Surgical Company (NASDAQ: STAA) SEC filings page on Stock Titan brings together the company’s official disclosures from the U.S. Securities and Exchange Commission. STAAR is a medical device manufacturer focused on ophthalmic surgery, and its filings provide detailed information on its implantable intraocular lens business, corporate actions, and governance.

Investors can review Current Reports on Form 8-K in which STAAR reports material events, such as the August 2025 Agreement and Plan of Merger with Alcon, subsequent amendments, the go-shop process, adjournments of special meetings of stockholders, and later communications about the failure to obtain shareholder approval and the intended termination of the merger agreement. Other 8-K filings describe litigation related to the merger proxy statement, preliminary and final financial results, and leadership changes, including the appointment of a Chief Financial Officer and the creation of a Capital Stewardship Committee of the Board.

Filings also confirm that STAAR’s common stock is listed on Nasdaq under the symbol STAA and document how the proposed merger, if completed, would have affected listing status and registration. By reading these documents, users can trace the evolution of STAAR’s strategic transaction with Alcon, the role of major shareholders in the process, and the company’s decision to remain a standalone, publicly traded entity after the merger was not approved.

On Stock Titan, STAAR’s SEC filings are updated as new documents are released on EDGAR. AI-powered tools summarize lengthy filings such as 8-Ks and related exhibits, helping users quickly identify key terms, conditions, and outcomes without reading every page. This makes it easier to track transaction terms, board and management changes, and other disclosures that shape the outlook for STAA within the ophthalmic medical device industry.

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STAAR Surgical Company reported that it issued a press release with preliminary net sales results for the quarter ended September 26, 2025. The press release is furnished as Exhibit 99.1 to this report.

This update is an early look at sales performance for the most recent quarter and directs readers to the attached exhibit for specific figures and details.

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Broadwood Partners, the largest shareholder of STAAR Surgical Company, has filed additional proxy materials urging investors to vote against STAAR’s proposed sale to Alcon Inc. Broadwood, which reports owning 27.5% of STAAR’s outstanding common shares, is soliciting votes on its GREEN proxy card for the special shareholder meeting scheduled for October 23, 2025.

In an open letter to STAAR’s board, Broadwood criticizes the sale process and the price agreed with Alcon and calls on the board to hold the vote as scheduled and to respect the outcome. The materials highlight that all three major proxy advisory firms have recommended that shareholders vote against the Alcon transaction and direct shareholders to Broadwood’s campaign website, LetSTAARShine.com, for further information and resources on how to vote.

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Broadwood Partners filed additional proxy materials urging STAAR Surgical stockholders to vote “AGAINST” the proposed acquisition by Alcon at the special meeting on October 23, 2025. The filing attaches a press release and website update and notes that all three major proxy advisory firms—ISS, Glass Lewis, and Egan‑Jones—recommend voting against the deal on the GREEN Proxy Card.

Broadwood states that shareholders representing more than 34% of STAAR’s outstanding common shares have publicly opposed the transaction. The materials direct stockholders to review the definitive proxy statement and related documents available on the SEC’s website and Broadwood’s campaign site, LetSTAARShine.com.

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Broadwood Partners, L.P. has filed additional proxy solicitation materials urging shareholders of STAAR Surgical Company to use its GREEN proxy card to vote against the proposed acquisition of STAAR by Alcon Inc. at the special meeting on October 23, 2025.

Broadwood, which reports owning 27.5% of STAAR’s outstanding common stock, criticizes what it describes as a late and troubling disclosure about an April outreach from another strategic buyer. Broadwood asserts that STAAR’s CEO and Board Chair did not inform the full board or shareholders of this alternative interest when recommending the Alcon transaction and characterizes this as a serious failure of transparency. Broadwood directs shareholders to its website and prior filings for more detail.

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STAAR Surgical (STAA) filed an 8-K supplementing its proxy for the proposed merger with Alcon at $28.00 per share. The company disclosed that it will provide additional proxy information ahead of the October 23, 2025 special meeting to adopt the Merger Agreement.

STAAR summarized recent process details and market checks, noting outreach from potential parties and that no competing proposals emerged during the 45-day window shop period ending September 19, 2025. It also highlighted investor positions disclosed since announcement, including Broadwood’s reported 27.3% beneficial ownership and stated opposition, Yunqi’s approximately 5.1% opposition, and support from Soleus at roughly 6%.

The filing adds valuation context from Citi’s analyses: a selected companies EV/2026E revenue range implying about $16.35–$23.80 per share, selected precedent transactions implying about $17.15–$30.80, and a discounted cash flow range of about $17.70–$37.50, each compared with the $28.00 merger consideration.

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Broadwood Partners and affiliated participants are soliciting STAAR Surgical Company stockholders to vote against the proposed $28-per-share sale of STAAR to Alcon at a special meeting scheduled for October 23, 2025.

Broadwood (owning 27.5%), allied holders including Yunqi (~5.1%) and Defender Capital (~1.5%), plus a Glass Lewis recommendation against the transaction, are cited in the proxy materials. The activists allege timing, process, conflict, and valuation problems and highlight management’s two disclosed 2027 EBITDA projections of $142 million (July diligence) and $113 million (August bank-used projection).

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STAAR Surgical Co. proxy materials criticize the board’s sale process and value choice for a proposed transaction announced one day before 2Q25 results. The filing argues the board limited market price discovery and did not meaningfully solicit competing bids, citing inbound interest from multiple parties and narrow outreach to the acquirer. Financially, the filing notes STAAR is described as "financially stable" with management projections for a rebound as early as 2026. The submission calculates the deal implies an NTM revenue multiple of 4.56x, below comparable healthcare equipment precedents (median 5.1x, mean 6.2x) and below STAAR’s unaffected 3‑ and 5‑year average NTM multiples of 5.6x and 10.7x. It flags a potential total golden parachute of $23.7M, including a $6.8M tax gross‑up for Mr. Farrell.

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STAAR Surgical is facing intensified shareholder opposition to its proposed sale to Alcon. Broadwood Partners and other participants in a proxy campaign have updated materials for a special meeting on October 23, 2025, highlighting an open letter from 5.1% shareholder Yunqi Capital.

Yunqi argues the Alcon deal undervalues STAAR, contending recent revenue declines stem mainly from temporary distributor inventory issues in China and elevated U.S. operating expenses, rather than structural weakness. The letter cites recovering Chinese GDP, regulatory approval of the EVO+ ICL in China, and data showing growing penetration into moderate myopia as support for STAAR’s long-term growth potential.

Yunqi also points to significant projected merger-related payouts to STAAR executives, including about $24 million for the CEO, as creating misaligned incentives, and proposes cost cuts, China distribution changes, and potential buybacks as ways to increase standalone value. Yunqi urges shareholders to vote against the Alcon transaction.

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Yunqi Capital files a PX14A6G submission arguing that recent disclosures under the 10-Q show China distributor inventory levels have returned to historical norms and that presenting revenue without this context could mislead shareholders. The filing highlights U.S. expansion spending of "hundreds of millions" that produced modest U.S. revenue growth from about $15M in 2022 to $20.5M in 2024 and recommends streamlining U.S. operations to restore margins. Industry data cited shows ICL penetration rose from 24.2% to 27% for -6 to -10 diopters and from 3.1% to 4.1% for below -6 diopters between 2022 and 2024. Yunqi proposes cost cuts and channel recoveries that could lift 2026E EBITDA toward $200M and references a pro-forma upside to $240M EBITDA and an enterprise value of $1.131B. The filing notes estimates are unaudited and subject to revision.

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FAQ

What is the current stock price of Staar Surg (STAA)?

The current stock price of Staar Surg (STAA) is $18.39 as of March 12, 2026.

What is the market cap of Staar Surg (STAA)?

The market cap of Staar Surg (STAA) is approximately 874.4M.

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874.40M
49.44M
Medical Instruments & Supplies
Ophthalmic Goods
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