Company: STAA
Filing Date: 2025-09-26
Form Type: DEFA14A
Source: 0001193125-25-219844
Chunk: 8

Company: STAAR SURGICAL CO
Filing Date: 2025-09-26
Form: DEFA14A
Chunk 8
---
 $28.00 per share all-cash consideration provides stockholders compelling, certain, immediate cash value at a significant premium STAAR’s Board conducted a thoughtful evaluation of strategic alternatives over an extensive time period and negotiated favorable terms with Alcon that maximize value for STAAR stockholders For more than a year before entering into the Alcon merger agreement, STAAR’s Board considered strategic alternatives available to STAAR Considered various risk-adjusted growth scenarios and implications for STAAR’s standalone value creation opportunity Analyzed industry landscape and universe of potential buyers Negotiated high premium value and favorable agreement terms Mitigated risks of conducting full pre-signing sales process by negotiating an extended 45-day “window shop” and low break-up fees STAAR faces sustained challenges as a standalone company, and management projections do not signal a return to historical growth rates or profitability I II III IV Claims by Broadwood Partners are flawed and misleading and reflect a misunderstanding of STAAR’s standalone challenges, value, and potential buyer interest in STAAR EXECUTIVE SUMMARY | PREMIUM VALUE | STANDALONE RISKS | THOUGHTFUL EVALUATION | BROADWOOD CLAIMS Other than Alcon, STAAR has not received any acquisition proposal in at least the last 10 years. Despite media reports of a takeover of STAAR over a year ago and an extended “window shop” period under the Alcon merger agreement, STAAR has still not received any competing proposals.

STAAR designs, develops, manufactures, and sells implantable lenses for the eye and accessory delivery systems used to deliver the lenses into the eye. STAAR’s Implantable Collamer® Lenses (ICLs) are made from Collamer, a proprietary collagen copolymer material created and used exclusively by STAAR to make our lenses soft, flexible, and biocompatible with the eye. ICLs are implanted during a minimally invasive surgical procedure. STAAR generates nearly all of its Net Sales from its EVO and EVO+ ICLs, which are designed to treat myopia (nearsightedness), with and without astigmatism. In certain countries, STAAR also sells ICLs to treat hyperopia (farsightedness) and myopia with presbyopia. STAAR ICLs are phakic lenses, meaning that they are implanted into the eye without removing the eye’s natural crystalline lens. STAAR Surgical Overview FY24 Net Sales $313.9 M FY24 Net Loss $(20.2) M FY20-FY25