Company: STAA
Filing Date: 2025-09-26
Form Type: DEFA14A
Source: 0001193125-25-219844
Chunk: 10

Company: STAAR SURGICAL CO
Filing Date: 2025-09-26
Form: DEFA14A
Chunk 10
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 achieve on a standalone basis in the foreseeable future. Executive Summary 04 06 STAAR has overweight exposure to China, where growth has slowed and macroeconomic conditions, new market entrants, and the resulting potential for pricing pressure are creating greater risks and headwinds. 02 The TAM for myopia is large, but the number of refractive surgery procedures remains small, and STAAR competes with large, well resourced, global companies that offer numerous treatment options. 05 01 STAAR’s operating and financial results over the last several years have been inconsistent and impacted by challenges facing the business, which has led to stock price declines. Alcon’s resources will enable STAAR to accelerate adoption of EVO ICL by surgeons and patients. II 03 STAAR’s consignment inventory has mitigated the potential impact of China tariffs in the short term, though medium- and long-term global tariff risk still exists, especially in an unpredictable geopolitical environment. STAAR has a limited product offering, derives nearly all of its Net Sales from EVO and EVO+ ICLs, and has largely been ineffective in diversifying through new product introductions and R&D efforts. While EVO ICLs can be used across varying levels of myopia severity, in the 10+ years since launch, STAAR has not been able to penetrate the market beyond high myopia patients. STAAR’s Sustained Challenges EXECUTIVE SUMMARY | PREMIUM VALUE | STANDALONE RISKS | THOUGHTFUL EVALUATION | BROADWOOD CLAIMS

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. Entry into the Alcon merger agreement followed more than a year of consideration by STAAR’s Board of strategic alternatives available to STAAR. Amidst STAAR’s declining performance, STAAR’s Board negotiated favorable agreement terms focused on maximizing value and certainty. Executive Summary 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. Favorable Terms For STAAR Stockholders Included In Alcon Merger Agreement III Allows Competing Offers At any time prior to the stockholder vote, STAAR’s Board is able to consider competing offers and terminate the Alcon merger agreement to accept a