Camac Fund and DJA Partners Nominate Five Directors to Boost CreateAI's Value
The recent developments regarding CreateAI Holdings Inc. have stirred significant attention within the investment community. As of September 26, 2025, Camac Fund, LP and DJA Partners, LP, collectively referred to as the 'Nominating Stockholders,' have put forth the nomination of five distinguished independent candidates for CreateAI’s Board of Directors. These nominees are set to be presented at the upcoming 2025 Annual Meeting of Stockholders.
The urgency of this nomination is underscored by the drastic decline in CreateAI’s market value, which has plummeted by almost 99% since July 2021. This alarming drop in value is not merely a reflection of market conditions but is exacerbated by the company’s own actions, such as its delisting and deregistration, as well as a questionable pivot towards a divergent business model and problematic related-party transactions.
The Nominating Stockholders hold approximately 14.2 million shares, translating to approximately 7% of CreateAI's total outstanding stock. They aim to restore accountability within the company and are exploring all possible avenues to maximize shareholder value, including potential asset monetization and possible liquidation options, emphasizing a need to return capital to shareholders.
The five independent nominees, each offering a wealth of experience across various sectors including finance, governance, and global policy, are:
1. Carson Mitchell – Managing Member at Shipyard Capital Management, previously a partner at Firefly Value Partners. His background in investment management and capital markets will be pivotal in steering the company towards a brighter future.
2. General Douglas E. Lute – A retired U.S. Army Lieutenant General and former U.S. Ambassador to NATO, bringing invaluable leadership and strategic insight.
3. Danil Kerimi – A Senior Advisor to the UN Tech Envoy, with prior roles at AWS and the World Economic Forum. His expertise in technological innovation and international cooperation will be beneficial to CreateAI’s strategic outlook.
4. Ben Appel – Vice Chairman at Newmark Real Estate Capital Markets, known for his healthcare real estate proficiency, adding breadth to the company’s operational perspective.
5. Abbott Cooper – An attorney at Abbott Cooper PLLC, also managing member at Driver Management Company. His legal and regulatory experience will assist in navigating the complex legal landscape that the company currently faces.
According to Eric Shahinian and Daniel Abrams, Managing Members of Camac Fund and DJA Partners GP, respectively, the collective investment experience and governing expertise of these candidates could provide CreateAI with the much-needed accountability and strategic urgency. This nomination represents a crucial step towards safeguarding and enhancing shareholder value during a period characterized by significant operational turbulence. As the upcoming annual meeting approaches, the focus will be on how these nominations could reshape the governance architecture of CreateAI Holdings and restore confidence among its investors.
The Nominating Stockholders continue to stress the vital importance of adopting strategic maneuvers that prioritize shareholder interests, amidst the backdrop of a company that has faced unparalleled challenges in recent years. By actively pursuing a change in governance, they hope to reopen the dialogue regarding CreateAI's future trajectory, aligning it with the best practices for maximizing shareholder returns.
For further information, stakeholders are encouraged to reach out to the Nominating Stockholders directly via the contact details listed. As the industry closely monitors this unfolding situation, the actions taken in the near future will be critical in determining CreateAI’s path forward and the restoration of its standing in the marketplace.
The urgency of this nomination is underscored by the drastic decline in CreateAI’s market value, which has plummeted by almost 99% since July 2021. This alarming drop in value is not merely a reflection of market conditions but is exacerbated by the company’s own actions, such as its delisting and deregistration, as well as a questionable pivot towards a divergent business model and problematic related-party transactions.
The Nominating Stockholders hold approximately 14.2 million shares, translating to approximately 7% of CreateAI's total outstanding stock. They aim to restore accountability within the company and are exploring all possible avenues to maximize shareholder value, including potential asset monetization and possible liquidation options, emphasizing a need to return capital to shareholders.
The five independent nominees, each offering a wealth of experience across various sectors including finance, governance, and global policy, are:
1. Carson Mitchell – Managing Member at Shipyard Capital Management, previously a partner at Firefly Value Partners. His background in investment management and capital markets will be pivotal in steering the company towards a brighter future.
2. General Douglas E. Lute – A retired U.S. Army Lieutenant General and former U.S. Ambassador to NATO, bringing invaluable leadership and strategic insight.
3. Danil Kerimi – A Senior Advisor to the UN Tech Envoy, with prior roles at AWS and the World Economic Forum. His expertise in technological innovation and international cooperation will be beneficial to CreateAI’s strategic outlook.
4. Ben Appel – Vice Chairman at Newmark Real Estate Capital Markets, known for his healthcare real estate proficiency, adding breadth to the company’s operational perspective.
5. Abbott Cooper – An attorney at Abbott Cooper PLLC, also managing member at Driver Management Company. His legal and regulatory experience will assist in navigating the complex legal landscape that the company currently faces.
According to Eric Shahinian and Daniel Abrams, Managing Members of Camac Fund and DJA Partners GP, respectively, the collective investment experience and governing expertise of these candidates could provide CreateAI with the much-needed accountability and strategic urgency. This nomination represents a crucial step towards safeguarding and enhancing shareholder value during a period characterized by significant operational turbulence. As the upcoming annual meeting approaches, the focus will be on how these nominations could reshape the governance architecture of CreateAI Holdings and restore confidence among its investors.
The Nominating Stockholders continue to stress the vital importance of adopting strategic maneuvers that prioritize shareholder interests, amidst the backdrop of a company that has faced unparalleled challenges in recent years. By actively pursuing a change in governance, they hope to reopen the dialogue regarding CreateAI's future trajectory, aligning it with the best practices for maximizing shareholder returns.
For further information, stakeholders are encouraged to reach out to the Nominating Stockholders directly via the contact details listed. As the industry closely monitors this unfolding situation, the actions taken in the near future will be critical in determining CreateAI’s path forward and the restoration of its standing in the marketplace.
Topics Financial Services & Investing）
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