Inspirato Shareholder Opposes Buyerlink Merger, Urges Engagement with Exclusive Investments

Stoney Lonesome, a shareholder of Inspirato, has released a letter opposing the proposed merger with Buyerlink and urging the Special Committee to consider an all-cash offer from Exclusive Investments. The letter argues that the Buyerlink deal is value-destructive and that the Exclusive offer is superior in terms of value and certainty for shareholders. Stoney Lonesome calls for the Special Committee to halt the proxy process and clarify why it characterized the Exclusive offer as only "reasonably likely" to lead to a superior proposal.

Stoney Lonesome, a significant shareholder of Inspirato Incorporated (NASDAQ: ISPO) with approximately 5.4% ownership, has released a public letter opposing the proposed reverse merger with Buyerlink Inc. and urging the Special Committee to consider an alternative all-cash offer from Exclusive Investments Inspirato Shareholder Stoney Lonesome Releases Public ...^[1]. The letter, dated September 8, 2025, outlines concerns about Buyerlink's business fundamentals, financial projections, and valuation, arguing that the cash offer provides superior value and certainty for shareholders.

Stoney Lonesome asserts that the current merger proposal is a result of broken governance, insufficient boardroom independence, and a disregard for independent shareholders' interests. The letter states that the Special Committee should fulfill its fiduciary duties by seriously considering the Exclusive Investments' bid, which offers $3.15 per share in cash. Stoney Lonesome believes that continuing the proxy solicitation process while a superior cash offer exists fails to meet the Special Committee's fiduciary obligations to shareholders.

The letter also calls on the Special Committee to halt the Buyerlink proxy process and clarify why it characterized the Exclusive offer as only "reasonably likely to lead to a Superior Proposal." Stoney Lonesome argues that the Exclusive bid is already demonstrably superior to the Buyerlink transaction.

In a separate development, Inspirato has received multiple financial commitments totaling approximately $22 million to improve its capital structure in connection with the proposed merger with Buyerlink. The commitments include $10 million in senior secured debt, $5 million in junior debt, and $7.3 million in preferred equity Inspirato Receives Multiple Financial Commitments ...^[3]. These commitments are expected to be finalized at the close of the transaction and will be used to refinance the existing Senior Secured Convertible Note issued to Capital One.

Inspirato shareholders are urged to read the definitive proxy statement and other documents filed with the SEC carefully, as they contain important information regarding the proposed merger. The merger is subject to risks and uncertainties, including the possibility that the contemplated financing may not be completed.

References:
Inspirato Shareholder Stoney Lonesome Releases Public ...^[1] Business Wire, "Inspirato Shareholder Stoney Lonesome Releases Public Letter Regarding its Strong Opposition to Value-Destructive Buyerlink Merger," September 10, 2025.
Inspirato Receives Multiple Financial Commitments ...^[3] Globe Newswire, "Inspirato Receives Multiple Financial Commitments Totaling Approximately $22 Million to Improve Capital Structure," September 9, 2025.