Daniel J. Edelman, Inc. acquired a 20% stake in PRAP Japan, Inc. (2449.T) for ¥1.3 billion (~$8.2M) through an off-market purchase (large shareholding report). The 935,800 shares were bought from Cavendish Square Holding B.V. at ¥1,359 per share on October 1, 2026, with settlement scheduled for October 2026. The filing states the holding is part of a business alliance and includes the intent to recommend one director candidate. This stake and board representation request establish an activist agenda under Japanese large shareholding report rules.

Authentic Brands Group approached Mattel Inc. (MAT) about a potential acquisition at more than $20 per share, reportedly valuing the company at roughly $6 billion or more. The indicated price is approximately 58% above the Wednesday closing price of $12.66. Discussions are preliminary, no formal sale process is underway, and there is no guarantee the board will be receptive. Roger Lynch becomes chairman October 2 and is expected to assume the CEO role by November 2, following Ynon Kreiz’s departure. In May, Southeastern Asset Management had urged Mattel to explore acquisition or going-private options. Separately, CEO and Chairman Ynon Kreiz is stepping down effective October 2 to become co-CEO of Paramount Skydance, and board member Roger Lynch is expected to take over as CEO.

Advent International, L.P. signed a confidentiality agreement with Definitive Healthcare Corp. (DH) on September 29, 2026, to evaluate a potential transaction (Schedule 13D/A). Advent now owns 62.5 million shares, or 58.54% of the Class A Common Stock. The agreement includes a 12-month standstill and a 12-month non-solicitation provision covering executive officers. Advent intends to continue engaging with third parties and the company's Special Committee regarding a transaction. The signed NDA and standstill suggest a negotiated process rather than a hostile one.

DPY Stockholders took control of the board of Hub Group, Inc. (HUBG) by replacing seven directors and rewriting company bylaws on October 1, 2026. The majority voting block used a written consent to remove three directors without cause and appoint four new ones, while three additional directors resigned on the same date. The new bylaws mandate majority voting in uncontested elections and restrict the filling of board vacancies to a majority vote. This is a de facto board takeover by the Yeager family stockholder group that removes independent directors and consolidates governance control.

Nokia Solutions and Networks Oy now owns 14.2% of Inseego Corp. (INSG) following a $10 million equity investment and asset purchase (Schedule 13D). The investment, which closed October 1, 2026, consisted of common stock and warrants. Nokia intends to engage the board and other shareholders and may hire advisors to evaluate strategic alternatives. A 14.2% holder willing to engage the board and evaluate strategic alternatives creates a potential activist or control vector, with warrant-linked upside providing additional influence through future purchases.

Strategic Capital Inc. holds 10.1 million shares, or 11.73%, of Yellow Hat Ltd. The previous reported shareholding ratio was 12.74%. Strategic Capital's proposals include a 100% dividend payout ratio, improving capital structure via interest-bearing debt and equity restraint, and selling cross-shareholdings. The report lists 60 days of disposals from July 28 through September 25, 2026. Of the 10,089,200 shares held under an investment management agreement with Intertrust Trustees (Cayman) Limited, 2,997,600 are pledged to Tachibana Securities and 500,000 are lent to Tachibana Securities.

City Index Elevenths Co., Ltd. and three joint holders now own 29.9% of Sankei Real Estate Investment Corporation (2972.T) and proposed the delisting of the investment units on July 31, 2026 (large shareholding report). On September 25, 2026, the group split regarding a tender offer from City Index Fifths Co., Ltd., as City Index Elevenths and C&I Holdings agreed to tender while Nomura Aya and ATRA Co., Ltd. agreed not to ATRA Co., Ltd. will purchase Nomura Aya's 46,174 units roughly two months after the tender offer completes at the offer price. This event creates a partial lock-up among the joint holders and a pending transfer of Nomura Aya's 9.89% stake to ATRA.

Strategic Capital Inc. filed an initial 5%+ large shareholding report. The reported stake in NORITAKE Co., Ltd. is 6.1%.

Ocho Investments LLC acquired 3.7 million shares of Digimarc common stock in a registered direct offering at $4.04 per share for an aggregate price of $14.8 million. Ocho and Andris Upitis now beneficially own 5.0 million shares, or 18.5% of Digimarc's 27.0 million shares outstanding. Ocho's stated purpose includes engaging with the board on composition, including potential appointment of Ocho designees and resignation of certain legacy directors. Ocho also intends to discuss capital structure, potential financing alternatives, and may propose or participate in a financing transaction involving the Issuer.

Equinox Partners Investment Management LLC, Equinox Partners, L.P., and Sean M. Fieler now own 7.1% of Silvercrest Asset Management Group Inc. (SAMG) (Schedule 13D). The group paid $5.5 million to acquire 554,736 Class A shares. The reporting persons may engage with the board regarding operations, capitalization, ownership structure, or capital allocation strategy. This filing reserves the right to push for value-realization steps such as buybacks or a sale of the asset manager.