Press Release
Judah Spinner, Founder of BlackBird Financial LP, Takes Large Stake in Natural Alternatives International — Calls for Urgent Action to Unlock Shareholder Value
Toms River, NJ, 24th June 2025, ZEX PR WIRE, Judah Spinner, Founder and Chief Investment Officer of BlackBird Financial LP, has disclosed a significant stake in Natural Alternatives International, Inc. (NASDAQ: NAII), and is calling on the company’s leadership to stop destroying shareholder value and start acting like fiduciaries.
“NAII sits on over $80 million in tangible equity, yet year after year, management has failed to deliver anything remotely resembling an acceptable return for shareholders,” Spinner said. “Instead of aggressively returning capital to shareholders, management has spent years retaining and redeploying shareholder funds to expand a low-margin, commodity-type operation, including the ill-advised purchase of a new facility. The result? The stock trades at just a quarter of book value. That’s not good stewardship—that’s a textbook case of shareholder neglect.”
Spinner, known for his Graham-and-Dodd investment approach and no-nonsense style, said BlackBird Financial is pushing for major changes, including the possibility of a full-scale liquidation.
“When a company consistently fails to earn an acceptable return on capital, the free market is signaling that the resources tied up in that business could be far better deployed elsewhere. It’s time for NAI to start winding things down. Redeploy the capital. Return it to shareholders. That’s how capitalism is supposed to work.”
Strategic Realignment: Shrink to Unlock Value
Based in Carlsbad, California, Natural Alternatives International operates manufacturing facilities across the U.S., Switzerland, and Japan. Spinner says the company is sitting on valuable real estate and underutilized assets that could—and should—be monetized.
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Monetize Underutilized Assets: The company’s Carlsbad and Vista facilities are worth north of $30 million combined. They should be sold to unlock capital that is currently underutilized and generating suboptimal returns for shareholders.
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Improve Profitability or Exit the Business: If management cannot chart a credible path to materially higher returns on capital, the only responsible course is to pursue an full-scale, orderly, liquidation and return the proceeds to shareholders. Continuing to operate without generating acceptable returns would constitute a fundamental breach of the board’s fiduciary duty.
“It’s time to start acting like true stewards of shareholder capital,” Spinner said. “Continuing to operate a business that fails to generate acceptable returns is a disservice to the very people you’re entrusted to serve. If management and the board intend to honor their fiduciary duty, the path forward is clear: liquidate the assets and return the capital to shareholders” Spinner said.
Board Refresh and Shareholder Representation
BlackBird Financial intends to nominate independent directors with relevant experience to NAII’s board. These nominees will support a comprehensive review of operations and explore all strategic alternatives—including liquidation—if that’s what delivers the best outcome for shareholders.
“We’re not looking for a fight. We’re looking for accountability,” Spinner added. “This board needs to start living up to their obligations. We will work constructively with management—but we won’t sit back while shareholder’s capital is squandered.”
Next Steps and SEC Disclosure
If Spinner’s stake crosses the 5% threshold, BlackBird Financial LP will file a Schedule 13D with the Securities and Exchange Commission to outline its strategic intentions in greater detail.
About Judah Spinner and BlackBird Financial LP
Judah Spinner is the Founder and Chief Investment Officer of BlackBird Financial LP, a value-oriented hedge fund based in Toms River, New Jersey. Under his leadership, BlackBird has delivered exceptional returns, with year-to-date performance in 2025 exceeding 35%, dramatically outperforming the S&P 500’s 3%.
Spinner is a Chartered Financial Analyst (CFA), having passed all three levels on his first attempt—a distinction earned by only a small percentage of candidates. He also holds the Financial Modeling & Valuation Analyst (FMVA) certification.
Spinner’s life reflects both discipline and adventure. He earned his FAA private pilot license in just 30 days and named his firm after the SR-71 Blackbird, the legendary reconnaissance jet. A passionate traveler and car enthusiast, he has visited all 50 U.S. states and collects both exotic and classic automobiles.
Beyond finance, Spinner is deeply committed to charitable and community work. He supports a wide range of organizations, including Yeshiva Day School of Las Vegas, Las Vegas Community Kollel, American Friends of Lubavitch in Washington D.C., YJP Las Vegas, RCCS, Yeshiva Heichal Hatalmud, among others. He also serves as a mentor with Big Brother Big Sister.
About Natural Alternatives International, Inc.
Founded in 1980, Natural Alternatives International, Inc. (NAI) is a contract manufacturer of premium nutritional supplements with operations in North America, Europe, and Asia. The company partners with globally recognized health brands to produce science-backed vitamins, minerals, and performance supplements in GMP-certified facilities.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
FundFinance Unveils Major Platform Expansion, Automating the Full Spectrum of Fund Credit Instruments
Alexandria, Egypt, 3rd November 2025, ZEX PR WIRE, FundFinance, the leading digital platform for alternative investment credit agreements, today announced a major expansion of its platform capabilities. The rollout allows General Partners (GPs) and Limited Partners (LPs) to fully digitize and automate the entire spectrum of fund financing, including advanced NAV-based loans secured by fund assets and hybrid credit instruments, alongside traditional subscription credit lines.
This significant update addresses the financial sector’s urgent need for technological adoption in the alternative investment space, where highly customized structures and complex documentation still rely heavily on manual processes. FundFinance’s new features are designed to close this gap by transforming slow, spreadsheet-driven operations into real-time, resilient financial architecture.
The expansion is centered on integrating advanced features long sought after by the alternative investment community:
- Comprehensive Instrument Coverage: The platform now fully supports the complete lifecycle of NAV-based and hybrid financing structures, providing unparalleled visibility into these complex deals.
- Automated Covenant Monitoring: Real-time alert systems allow GPs to maintain compliance and proactively manage financial requirements without relying on manual tracking.
- Seamless Integration: Enhanced connectivity with banking and institutional systems streamlines drawdowns, reporting, and management of diverse fund financing products.
By digitizing and automating the entire lifecycle of these complex credit agreements, FundFinance is enabling funds to gain a strategic edge in negotiating with institutional investors and banks. For LPs, this enhanced transparency signals a new level of professionalism and maturity from the management team.
Just as platforms like Carta have standardized cap table management, FundFinance is poised to become the essential backbone for the financial architecture of alternative funds. In an industry that demands capital efficiency, transparency, and operational resilience, this technology is no longer an innovation—it is essential infrastructure.
About FundFinance
FundFinance is the premier digital platform built to automate and manage the full lifecycle of fund credit agreements for the alternative investment industry. Serving General Partners and Limited Partners across private equity, venture capital, and hedge funds, FundFinance provides solutions for subscription credit lines, NAV-based loans, and hybrid instruments. The platform’s mission is to enhance capital efficiency, transparency, and operational resilience across the complex world of fund finance.
Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Samuel Drnda Rejects Multi-Million Dollar Acquisition Offers — Staying Independent to Build the Future of Decentralized Trading
While competitors get absorbed by exchanges, HyroTrader’s founder focuses on building the world’s first decentralized, multi-exchange prop trading infrastructure.
Prague, Czech Republic, 3rd November 2025, ZEX PR WIRE— In an era where billion-dollar acquisitions reshape the trading landscape, Samuel Drnda, founder and CEO of HyroTrader, made a bold and defining decision — he refused multiple acquisition offers worth tens of millions of dollars, choosing vision, innovation, and independence over a lucrative exit.
The offers followed the high-profile acquisition of Breakout by Kraken, one of HyroTrader’s main competitors. Shortly after, Drnda was approached by two of the world’s largest forex prop trading firms and one of the biggest global crypto exchanges, each seeking to fully acquire and absorb HyroTrader’s rapidly growing trading ecosystem.
“Each offer had the same condition — total control,” said Drnda.
“They wanted to buy everything we’ve built and integrate it into their structure. But HyroTrader was never built to be sold. It was built to change how the prop trading industry works.”
A Vision Too Big to Sell
Founded in 2020, HyroTrader quickly evolved from a trading platform into one of the fastest-growing crypto prop trading firms in the world, empowering over 30,000 active traders and achieving consistent month-over-month growth.
By 2024, HyroTrader was featured multiple times as the “Best Crypto Prop Firm” by leading trading and fintech media outlets — a recognition that reflected both its innovation and trader-first approach.
Today, HyroTrader is setting a new global standard with Hyro Protocol, the first decentralized, non-custodial crypto prop trading infrastructure built on Solana.
“From day one, our vision was to build a decentralized prop firm connected to multiple trading exchanges — a true on-chain ecosystem where traders, investors, and liquidity providers interact transparently,” said Drnda.
“We’re not just another prop firm. We’re creating the infrastructure for the next generation of crypto prop trading firms.”
From Bootstrap to Billion-Dollar Vision
HyroTrader’s rise is even more remarkable because it was built entirely without venture capital.
“In the early days, no VC wanted to invest even $200,000. We decided to bootstrap everything from scratch,” said Drnda.
“Now, the same institutions that once ignored us are offering tens of millions to acquire us. That’s the power of staying true to your mission.”
Today, HyroTrader operates profitably and independently, already valued in the hundreds of millions and on track toward becoming the first decentralized billion-dollar prop trading ecosystem.
Beyond Money: The Power of Purpose
Despite the life-changing offers, Drnda’s decision to remain independent was rooted in conviction, not calculation.
“I come from a middle-class family — the offers I received would have changed my life,” he said.
“But I’ve already achieved more than I ever dreamed of. At this stage, it’s not about money; it’s about building something meaningful with people I believe in and creating real impact for traders worldwide.”
After the refusal, Drnda earned even greater respect from the HyroTrader team, partners, and trading community, strengthening the company’s culture of purpose-driven innovation.
“Many founders dream of an exit. I dream of evolution — of building a decentralized, transparent, and trader-owned future.”
The Next Phase: Hyro Protocol
With Hyro Protocol, Drnda and his team are developing the foundation for the next generation of decentralized prop trading firms.
Built on Solana, the protocol will connect multiple trading exchanges into one unified infrastructure, allowing traders, investors, and liquidity providers to interact seamlessly and verifiably on-chain.
“Our mission is to democratize access to trading capital, remove intermediaries, and empower traders globally,” said Drnda.
“Hyro Protocol isn’t just another product — it’s the infrastructure that will power the decentralized trading economy.”
About HyroTrader
HyroTrader is one of the fastest-growing and most recognized crypto prop trading firms in the world, empowering more than 30,000 traders with performance-based funding and transparent trading conditions.
Featured multiple times as the “Best Crypto Prop Firm,” HyroTrader is now building Hyro Protocol — the first decentralized, non-custodial, multi-exchange trading infrastructure on Solana.
Founded by Samuel Drnda in 2020, HyroTrader’s mission is to democratize access to trading capital and build the foundation for the next generation of decentralized prop trading firms.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Merrick Hollander Announces Next-Generation Learning Infrastructure at Harborstone Society
Merrick Hollander has introduced a next-generation AI-powered learning infrastructure at Harborstone Society, designed to transform financial education through adaptive analytics, real-time simulation, and intelligent curriculum design.
United States, 3rd Nov 2025, Grand Newswire – Building the Foundation for Intelligent Learning
Under the direction of Merrick Hollander, Harborstone Society has launched an advanced educational infrastructure that integrates artificial intelligence with interactive learning systems. The initiative aims to modernize the financial education landscape by merging academic theory with practical, data-driven experiences.
The new framework is designed around modular AI architecture, allowing learners to progress through adaptive stages that align with their performance and comprehension. By analyzing behavioral data and simulation outcomes, the system customizes each student’s learning path—creating a more personalized and efficient educational process.
Integrating Technology and Education
This next-generation infrastructure incorporates predictive analytics, behavioral modeling, and real-time data visualization. Learners can experiment with simulated market conditions, test investment strategies, and analyze risk within controlled virtual environments.
According to Hollander, “Financial learning should reflect how markets behave—not how they’re described in textbooks. With AI and simulation, education becomes a living system that evolves with the learner and the world economy.”
This approach empowers students to experience decision-making in real time, building practical competence alongside theoretical understanding.
Adaptive Design for Modern Finance Professionals
The infrastructure also includes the integration of smart evaluation tools that continuously monitor cognitive performance, analytical reasoning, and emotional decision tendencies. These adaptive feedback systems ensure that each participant strengthens not only technical proficiency but also the discipline and critical thinking essential to professional finance.
Harborstone Society’s approach combines classroom education, applied AI systems, and live data environments to cultivate professionals who can adapt to the rapid evolution of modern financial systems.
Global Collaboration and Research Expansion
The project extends beyond institutional education, with Harborstone Society planning partnerships with universities, research centers, and fintech organizations worldwide. These collaborations aim to expand AI learning methodologies and create a unified academic ecosystem for data-driven investment education.
Through this initiative, Hollander reinforces his long-standing commitment to bridging the gap between artificial intelligence, behavioral economics, and practical finance.
About Harborstone Society
Harborstone Society is a financial education and research institution dedicated to advancing the role of artificial intelligence in investment and financial learning. The organization focuses on combining academic insight with real-world experience, providing learners with the tools and systems needed to excel in data-driven finance.
Additional Information Sources
https://www.harborstone-society.com
https://www.harborstone-society.wiki
https://www.harborstone-society.review
https://www.harborstone-reviews.com
https://www.harborstone-overview.com
Media Contact
Organization: Harborstone Society
Contact
Person: Austin Chandler
Email:
service@harborstonesociety.com
Country:United States
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
FundFinance Unveils Major Platform Expansion, Automating the Full Spectrum of Fund Credit Instruments
Samuel Drnda Rejects Multi-Million Dollar Acquisition Offers — Staying Independent to Build the Future of Decentralized Trading
Merrick Hollander Announces Next-Generation Learning Infrastructure at Harborstone Society
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