Company: STAA
Filing Date: 2025-09-16
Form Type: DEFM14A
Source: 0001193125-25-204396
Chunk: 95

Company: STAAR SURGICAL CO
Filing Date: 2025-09-16
Form: DEFM14A
Chunk 95
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 noted that the low and high closing prices of the STAAR common stock during this period were approximately $15.09 and $40.36 per share, as compared to the closing share price of the STAAR common stock as of August 1,
2025, of $17.76, and the Merger Consideration of $28.00.

Discounted Equity Research Analyst Price Targets

Citi reviewed the most recent publicly available research analysts’ one-year forward price
targets for STAAR common stock prepared and published by selected research analysts. Citi noted that as of August 1, 2025, such price targets ranged from $13.00 to $27.00 for STAAR common stock. Citi also noted that these ranges of price
targets, discounted one year at an estimated 14.0%, reflecting a mid-point estimate of STAAR’s cost of equity, was $11.75 to $24.40 for STAAR common stock, as compared to the closing share price of the
STAAR common stock as of August 1, 2025, of $17.76, and the Merger Consideration of $28.00.

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Premia Paid

Citi calculated, using publicly available information, the median one-day unaffected stock price premia
paid for acquisition transactions of selected U.S. target public companies announced since January 1, 2015 involving 100% cash consideration with a transaction value over $500 million that Citi deemed appropriate in its professional
judgment, which indicated a median one-day unaffected stock price premium of 26%. Based on the foregoing review and its professional judgment and experience, Citi applied an illustrative premia reference range
of 17.0% to 62.0% to the closing share price of STAAR common stock on August 1, 2025 of $17.76. This analysis indicated an approximate implied per share equity value reference range for STAAR of $20.70 to $28.70, as compared to the closing
share price of the STAAR common stock as of August 1, 2025, of $17.76, and the Merger Consideration of $28.00.

Miscellaneous

STAAR has agreed to pay Citi for its services in connection with the Merger an aggregate fee estimated based on information available as of the
date of this proxy statement to be approximately $30.6 million, of which $4.0 million was payable in connection with the delivery of