Activist Investing LLC Announces 9.9% Ownership Interest in Schmitt Industries, Inc.
NEW YORK, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Activist Investing LLC (together with its affiliates, "Activist Investing" or "we"), today announced the acquisition of approximately 9.9% of the outstanding shares of Schmitt Industries, Inc. (NASDAQ:SMIT) ("Schmitt" or the "Company"). David Elliot Lazar, Chief Executive Officer of Activist Investing, issued the following statement: "We are pleased to announce our significant investment in Schmitt given the meaningful opportunity we believe the Company represents and are eager to begin working with the Board of Directors and management to actively explore potential strategic options to drive shareholder value." About Activist InvestingActivist
