Applied fundamental research issues open letter to figs management and its board of directors

Cambridge, mass.--(business wire)--applied fundamental research, a long-term shareholder of figs, inc. (nyse: figs), has submitted an open letter to the company's management and its board of directors. the letter highlights figs' exceptional achievements in transforming the healthcare apparel market, expresses confidence in the company's ability to execute its growth strategy as a public company, and outlines recommendations for defining a clear capital allocation strategy to unlock shareholder.
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