On August 2, 2023, Steven Boal announced that he has issued an open letter to shareholders of Quotient Technology Inc, stating that New Jersey-based Neptune is an omnichannel retail marketing Company that lists the Boston-based private equity firm Charles Capital Partners as its majority investor, unless the terms of the merger materially improve before a September 1, 2023, vote on the transaction, recommended the shareholders to vote against the deal, and shareholders should also vote against Company's executive compensation proposal at the 2023 annual board meeting.