United States Air Force organization considered the basic unit made up of several Flights, a few hundred people, and up to 24 aircraft.
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SQN Capital had already sunk tens of millions into Suniva.
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Last month, SQN called for an overhaul of the company's board and appointment of new independent directors.
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In a response to SQN's letter, Yelp said it is looking forward to a dialogue with the hedge fund.
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Late last year, SQN's patience snapped against a backdrop of financial underperformance by Yelp under its co-founder and chief executive Jeremy Stoppelman.