Company: STAA
Filing Date: 2025-12-11
Form Type: DFAN14A
Source: 0001213900-25-120777
Chunk: 29

Company: STAAR SURGICAL CO
Filing Date: 2025-12-11
Form: DFAN14A
Chunk 29
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 the Board has no professional analysis or support to indicate otherwise.

It also is noteworthy that the Company’s proxy statement
supplement fails to mention that the Company received an inbound expression of interest from a well-respected private equity firm with
capital and specific expertise in the main geographies and the industry in which the Company operates. The management team appears to
have fumbled, if not tacitly resisted, this party’s indication of interest – which explicitly indicated that the private equity
firm potentially was willing to pay more than Alcon. Specifically, the management team asked this party to sign a multi-year standstill
agreement. The demand for such an off-market standstill is particularly galling given that the Board did not ever request or receive a
standstill from Alcon, even after Alcon made two unsolicited proposals to buy the Company in 2024. The management team’s mishandling
of this recent inbound interest is bad enough, but the failure to even mention that interest in the proxy statement is a material omission
of which the Board should be ashamed.

The Board’s continued missteps, distortions and omissions
have validated our worst concerns with this deal process and this Board. We do not believe shareholders can rely on the Board or its judgment.

We encourage our fellow shareholders to review our presentation
and to vote “AGAINST” the revised transaction at the upcoming special meeting of shareholders.”

If you have any questions or require any assistance with voting your
shares, please contact our proxy solicitor, Saratoga Proxy Consulting LLC, by calling (212) 257-1311 or toll free at (888) 368-0379, or
by email at info@saratogaproxy.com. If you have already voted for the merger, you may change your vote by voting a later-dated proxy
“AGAINST” the deal. Only your latest dated vote counts.

About Broadwood

Broadwood Partners, L.P. is managed by Broadwood Capital, Inc. Broadwood
Capital is a private investment firm based in New York City. Neal Bradsher is the President of Broadwood Capital.

Certain Information Concerning the Participants

Broadwood Partners, L.P., Broadwood Capital, Inc., Neal C. Bradsher,
Richard T. LeBuhn, Natalie R. Capasso, Raymond A. Myers and Jason J. Martin (collectively, the “Participants”) are participants
in the solicitation of proxies from the shareholders of the Company in connection with the special meeting of shareholders