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  "documentTitle": "Legion One Span Presentation May 2021",
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  "presentationDate": "2021-05-01 00:00:00",
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  "notes": "The chart illustrates the valuation gap between current market price and the potential value of individual business segments.",
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      "kind": "callout",
      "text": "Achieving full and fair value for all of OneSpan’s segments is not “financial engineering” – it is the Board’s responsibility",
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      "text": "OSPN Sum-of-the-Parts (\"SOTP\") Analysis",
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      "text": "Note: Legion Base Case assumes Software ARR of $108mm at 13.5x EV / ARR... Source: SEC Filings, Legion Partners’ Estimates, Colliers Research (5/5/21), Sidoti Research (5/5/21), Capital IQ (as of 5/14/21; Unaffected Date as of 2/24/21)",
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      "kind": "paragraph",
      "text": "We believe our four nominees will take a holistic approach towards closing the persistent valuation gap that has plagued OSPN’s stock",
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      "kind": "title",
      "text": "We Believe New Leadership Can Unlock Tremendous Value",
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