CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Level One Partners, LLC, (“Level One Partners”) along with all of its related entities, will vote 100% of its approximately 10.68 million shares of Ziopharm Oncology, Inc. (NASDAQ: ZIOP) (“Ziopharm” or the “Company”) in support of the WaterMill Asset Management Corp. proposal for a reconstituted Board of Directors and significant changes to the governance of the Company. Level One Partners’ 10.68 million shares equal approximately 4.98% of the Company’s outstanding shares.
Level One Partners stated: “We believe WaterMill’s proposed new board members possess the business acumen and experience necessary to help lead the Company in achieving its strategic goals. With new board member leadership, we believe the Company can begin to maximize shareholder value and unlock the potential of its extraordinary science.”
Level One Partners, LLC, is a private investment firm located in Charlottesville, Virginia.