Company: STAA
Filing Date: 2025-09-26
Form Type: DEFA14A
Source: 0001193125-25-219844
Chunk: 28

Company: STAAR SURGICAL CO
Filing Date: 2025-09-26
Form: DEFA14A
Chunk 28
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 a conversation with [ last week and shared [ ’s interest in potentially supporting the company as you consider future strategic and capital-related opportunities. Our Managing Director in New York [ would be happy to connect with you for an initial conversation, schedule permitting” “Party B” email (on August 3, 2025) CEO responded on August 4, 2025 that the Board would welcome a proposal, after which no proposal came. “I am writing to express our sincere interest in evaluating to acquire equity stake in STAAR Surgical including either minority, majority or a take private transaction. We think your business has significant potential and [ ] have gained deep expertise in the ophthalmology space globally. We look forward to hearing from you” “Party A” email (on August 3, 2025) CEO responded on August 4, 2025 that the Board would welcome a proposal, after which no proposal came. “Party A” and “Party B” Emailed Only Vague Communications Two Days Prior to the Merger Announcement EXECUTIVE SUMMARY | PREMIUM VALUE | STANDALONE RISKS | THOUGHTFUL EVALUATION | BROADWOOD CLAIMS A

STAAR’s 2Q25 results reflected progress addressing transitory challenges, but did not reflect a change in Net Sales trends or profitability Preliminary 3Q25 trends signal that STAAR’s growth challenges are continuing. STAAR intends to pre-release 3Q25 Net Sales after quarter end “The Company’s second quarter financial results and Quarterly Report… told a different story, reflecting an abatement of the inventory challenges the Company faced in 2024 and early 2025.” Broadwood Claims The Reality… STAAR’s 2Q25 performance did not reverse the negative FY2023-FY2025 trend, with 2Q YoY Net Sales down 55% and net loss of ($17mm) vs. net income of $7mm in 2Q24 Cost savings initiatives in 2025 were intended to better align STAAR’s cost structure with sales, but STAAR does not expect to be profitable for FY2025 STAAR believes China procedural volumes for EVO ICLs are essentially flat year to date, and some of the 2Q25 and 3Q25 volumes may have shifted to 1Q25 when STAAR saw stronger trends. STAAR believes China procedure volumes were positive year over year in 1Q25, softened during 2Q25, and have not improved so