10:42 AM EDT, 04/29/2025 (MT Newswires) -- Lyft ( LYFT ) shareholder Engine Capital said Tuesday it is seeking to elect two independent candidates to Lyft's ( LYFT ) board to address the company's alleged capital allocation and governance issues.

The activist shareholder, which holds about 1% of Lyft ( LYFT ) shares, said its nominees would support the elimination of the dual-class share structure, improvement of capital allocation and exploration of strategic alternatives, including sale.

Lyft ( LYFT ) didn't immediately respond to a request for comment by MT Newswires.

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