KEDM Lite Vol. 6

Actionable event-driven and special situations

We highlight and monitor actionable event-driven trades and special situations.

KEDM Happy Hour on Friday 3/20/2026 4:15 pm ET. Grab a 6-pack and join Kuppy as he sits down with Freddy Brick, partner at Muddy Waters. Freddy joined Muddy back in 2014, right in the thick of one of the most interesting stretches in the short selling business, and before that came from APAC activist powerhouse, Oasis. Translation: he has stories from the tenches. A lot of them. On top of that, Freddy has spent years investing across Asia and has recently launched both a mining fund and a Vietnam fund, giving him a fresh lens on where the biggest opportunities are today.

Once Kuppy and Freddy finish the conversation, they’ll open it up for questions from the audience. You can submit a question in advance using the forms below, or ask it live during the event.

Important: your registration email must match the email tied to your KEDM account. See you Friday. Register for the happy hour here.

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Weekly Monitor | KEDM

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Disclaimer. KEDM Lite is provided for informative purposes only. No due diligence has (yet) been performed on the names on this list. The list might change strongly on a regular basis. This overview does not constitute advice; always do your own due diligence. The list is dynamic; it continues to grow and change. If you have interesting additions to the list, feel free to contact us at info@kedm.com or on Twitter. For the full disclaimer, please go here.

This week’s additions and highlights

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1. SPIN-OFFS

• Frontier Nuclear and Minerals (FNUC US). Snow Lake recently rebranded to Frontier Nuclear and Minerals, reflecting its pivot away from lithium toward US nuclear fuel. The company wants investors to see it as a nuclear‑focused platform, with uranium projects in Wyoming and Colorado and exposure to enrichment and small modular reactors. As part of this shift, the company is planning to spin off the lithium assets into a separate company, allowing Frontier to focus fully on nuclear opportunities. Given our past success with these tiny (lithium) spins, we’ll certainly keep this one assessed.

• MiniMed (MMED US). MiniMed recently started trading independently after spinning from Medtronic (MDT). As previously mentioned, this is an interesting spin to keep an eye on, as the unit is ~10% of total revenues but is one of the key growth drivers of the group, and also just a fraction of MDT’s market cap.

  UPDATE (March 17, 2026) Just flagging that MMED is -20% since the spin; so far trading as expected.

• Healthpeak Properties (DOC US). Healthpeak Properties intends to spin Janus Living, its senior housing REIT, somewhere in Q2.

  UPDATE (March 17, 2026) HP is progressing well with its intended spin, senior‑housing REIT Janus Living, seeking to raise up to $740m (37m shares at $18-20). Cornerstone investors have committed up to $300m. At the top of the range, Janus will have a market cap of around $5bn. The initial portfolio includes 34 senior‑housing communities, heavily concentrated in Florida and Texas. Demand is strong as occupancy and rents keep rising. Healthpeak will retain control after the listing, with shares to trade under JAN.

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2. STRATEGIC ALTERNATIVES & REVIEWS

(Potential take-outs, asset sales, M&A, etc.)

• Aethlon Medical (AEMD US). Pico-cap Aethlon Medical is exploring strategic options after ‘receiving inbound interest’, while continuing to advance its clinical work. Its current focus remains on oncology, with a second cohort in an Australian trial completed and safety data under review. The market is certainly very skeptical about this research, but the relatively large net cash position, negative EV and possibility of some interesting IP might make this one worth a look.