MAK Capital Reaches Agreement with Comstock Inc. for Strategic Board Refresh, Adding Three New Directors

Stock Titan and TipRanks reported on the cooperation agreement between Olshan client MAK Capital and Comstock Inc. (NYSE: LODE), which commercializes new technologies, systems and supply chains that extract, process and convert under-utilized waste and natural resources into clean energy products, pursuant to which the company will appoint Donald A. Colvin and Robert M. Spence as independent directors effective immediately, with Steven Y. Pei joining as an independent director on April 15, 2026. Under the agreement, the board has also reconstituted its committees, naming Mr. Spence to chair the Audit and Finance and Compensation Committees. Olshan Co-Managing Partner and Chair of the firm’s Shareholder Activism Practice Andrew Freedman represented MAK Capital in connection with its investment in Comstock Inc.