Activist Irenic builds a stake in Workiva, hoping to gain a voice on the software company's board
1. Irenic Capital acquires 2% stake in Workiva, urging governance and operational improvements. 2. Workiva's profitability concerns draw attention; it hasn't made a profit yet. 3. Potential company sale discussed; activist pressure may prompt review of strategic options. 4. Historical governance issues linked to discounted stock price despite solid customer base. 5. Competitive acquisition interest could enhance share value significantly if strategic changes occur.