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Spruce Point Capital Shorts Mercury Systems

NYC-based activist Spruce Point Capital announced a short call on Mercury Systems in an email today. The full text of the release is below. “Spruce Point Capital Management is pleased to announce it has released the contents of a unique research report on Mercury Systems, Inc. (Nasdaq: MRCY) ("Mercury" or "the Company"). Spruce Point has conducted a critical forensic and fundamental analysis of the Company. In our opinion, Mercury’s business is showing extreme financial strain, and has multiple material adverse effects converging on its business in 2018. Notably, we observe that while Mercury’s Adjusted EBITDA has grown 113% in the past three...