AI filing briefs · archive

8-K filings in May 2026, explained

1,796 material Form 8-K filings that 1,448 companies we cover made with the SEC in May 2026, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).

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RCKYROCKY BRANDS, INC. May 18, 5:27 PM ET

Rocky Brands raises quarterly dividend to $0.17 per share, payable June 15, 2026

Positive shareholder Written later 8.01

Rocky Brands, Inc. said its board on May 18, 2026 authorized an increase in the quarterly cash dividend to $0.17 per share of outstanding common stock. Shareholders of record at the close of business on June 1, 2026 will receive the payment on June 15, 2026, and the company states that future dividends remain subject to the board's quarterly determination.

  • Quarterly dividend increased to $0.17 per share of outstanding common stock
  • Record date: close of business June 1, 2026
  • Payment date: June 15, 2026
  • Future dividends remain subject to the board's quarterly determination
Read the filing on SEC.gov ↗
IPWRIdeal Power Inc. May 18, 5:23 PM ET

Ideal Power closes $30.0 million registered direct stock offering

Neutral financing Written later 1.018.01

Ideal Power Inc. closed a registered direct offering on May 18, 2026, selling 3,220,961 shares of common stock and pre-funded warrants for up to 2,070,044 shares, for gross proceeds of about $30.0 million. The company says it will use the net proceeds to advance commercialization of its B-TRAN technology, and the sale adds new shares that existing shareholders will share ownership of.

  • Offering of 3,220,961 common shares plus pre-funded warrants for up to 2,070,044 shares, 5,291,005 shares in total, priced at the market under Nasdaq rules
  • Gross proceeds of about $30.0 million before offering expenses; closed May 18, 2026
  • Titan Partners Group, a division of American Capital Partners, was sole placement agent, with a 7.0% cash fee on gross proceeds plus $75,000 for fees and expenses
  • Company and directors and executive officers agreed to 45-day lock-up periods after the closing, subject to certain exceptions
Read the filing on SEC.gov ↗
GSRVGSR V Acquisition Corp. May 18, 5:18 PM ET

GSR V Acquisition closes $230 million IPO after full over-allotment exercise

Neutral financing Written later 1.013.025.025.038.01

GSR V Acquisition Corp., a blank check company, closed its initial public offering of 23,000,000 units at $10.00 per unit on May 15, 2026, for gross proceeds of $230,000,000, including the underwriter's full exercise of its over-allotment option. The company placed $230,000,000 in a U.S. trust account, and it must complete an initial business combination within 18 months of the IPO closing, or up to 21 months at the sponsor's discretion, or return public shares.

  • 23,000,000 units sold at $10.00 each, for gross proceeds of $230,000,000, including 3,000,000 units from the over-allotment option
  • $230,000,000 placed in a trust account with Odyssey Transfer and Trust Company on May 15, 2026
  • Private sale of 671,000 private placement units for approximately $6,710,000 to the sponsor and Polaris Advisory Partners
  • Deadline to complete a business combination is 18 months from the IPO closing, or up to 21 months at the sponsor's discretion
Read the filing on SEC.gov ↗

Iron Dome Acquisition I closes $150 million IPO of 15 million units

Neutral financing Written later 1.013.025.025.038.01

Iron Dome Acquisition I Corp., a special purpose acquisition company, closed its initial public offering of 15,000,000 units at $10.00 per unit on May 18, 2026, for gross proceeds of $150,000,000 before underwriting discounts, commissions and offering expenses. The company has no operating business; it was formed to pursue a merger or similar business combination, and it must complete one within 18 months of the IPO closing or redeem public shares.

  • Closed 15,000,000-unit IPO at $10.00 per unit on May 18, 2026, with gross proceeds of $150,000,000
  • $150,750,000 of IPO and private placement proceeds placed in a trust account with Odyssey Transfer and Trust Company as trustee
  • Sponsor purchased 2,750,000 private placement warrants at $1.00 each, for gross proceeds of $2,750,000
  • Eyal Waldman, David DeWalt and Paul Hodermarsky appointed to the board on May 14, 2026; the company has 18 months to complete an initial business combination
Read the filing on SEC.gov ↗
APGAPi Group Corp May 18, 5:00 PM ET

APi Group closes $500 million notes offering and expands $1.0 billion revolving credit facility

Neutral financing Written later 1.012.03

On May 14, 2026, APi Group DE, Inc., a wholly owned subsidiary of APi Group Corporation, closed a $500 million offering of 5.750% senior notes due 2034 and an amendment to its credit agreement. The amendment raises revolving credit commitments from $750 million to $1.0 billion and extends the revolver to 2031 and the term loan to 2033. The company says the net proceeds will fund general corporate purposes, including previously announced acquisitions, and the new notes add to its outstanding debt.

  • $500 million of 5.750% senior notes due June 1, 2034, sold in a private offering and closed May 14, 2026
  • Revolving credit commitments increased from $750 million to $1.0 billion; revolver maturity extended to May 14, 2031
  • Term loan maturity extended to May 14, 2033; letter of credit sublimit raised from $250 million to $300 million
  • Proceeds intended for general corporate purposes, including previously announced acquisitions
Read the filing on SEC.gov ↗

Flagstar Bank extends CEO Otting's contract to March 2028; names co-presidents

Neutral leadership Written later 5.028.01

Flagstar Bank, N.A. (NYSE: FLG) effective May 18, 2026 reorganized its senior executive roles, with Richard Raffetto and Lee Smith named Co-Presidents and Co-Chief Operating Officers and Bao Nguyen named Chief Legal Officer. The Bank also amended Chairman and CEO Joseph Otting's employment agreement, extending its term to March 6, 2028, with a $10 million restricted stock unit award and higher pay terms, which shareholders may track in future proxy and compensation disclosures.

  • Joseph Otting's employment agreement as Executive Chairman and CEO runs through March 6, 2028; he gives up the title of President.
  • Otting's base salary rises to $1.4 million effective March 6, 2027, with target annual bonuses of $2.25 million for 2026 and $2.5 million for 2027.
  • Otting receives a restricted stock unit award with a grant date fair value of $10 million on May 18, 2026, vesting quarterly from March 6, 2027 through March 6, 2028.
  • Raffetto and Smith take on expanded roles; Raffetto becomes Chief Banking Officer and Smith remains CFO with added oversight of HR, IT and operations.
Read the filing on SEC.gov ↗
ICHRICHOR HOLDINGS, LTD. May 18, 4:55 PM ET

Ichor Holdings sets up up to $200 million at-the-market share sale program

Neutral financing Written later 1.01

Ichor Holdings, Ltd. entered a sales agreement on May 18, 2026, allowing it to sell up to $200 million of ordinary shares through four sales agents. The company says it intends to use net proceeds to repay its term loan facility and for general corporate purposes, and the shares will be sold under an effective shelf registration.

  • Sales agreement dated May 18, 2026 with TD Securities (USA) LLC, Stifel, Needham & Company and Craig-Hallum Capital Group, allowing sales of up to $200,000,000 in ordinary shares
  • Agents may be paid commissions of up to 3.0% of gross sales price; the company has no obligation to sell any shares
  • Proceeds intended to repay outstanding term loan indebtedness and for general corporate purposes
Read the filing on SEC.gov ↗
WVEWave Life Sciences, Inc. May 18, 4:51 PM ET

Wave Life Sciences reports updated WVE-006 RestorAATion-2 data for AATD

Neutral product/contract Written later 7.018.01

Wave Life Sciences released updated clinical data from the ongoing Phase 1b/2a RestorAATion-2 trial of WVE-006, an investigational RNA editing therapy for alpha-1 antitrypsin deficiency, and said it expects FDA feedback on a potential accelerated approval pathway in mid-2026. The data are early-stage, from small cohorts of eight patients each, and the company has not reported a trial outcome or regulatory decision, so the update's significance for shareholders depends on future regulatory and clinical results.

  • Single-dose 200 mg, 400 mg and 600 mg cohorts reached Z-AAT reductions of 47.3%, 49.7% and 59.1% from baseline, per the filing.
  • Multidose 200 mg biweekly cohort reached 70.5% Z-AAT reduction and total AAT of 11.9 µM; 400 mg monthly cohort reached 67.7% reduction and 13.6 µM.
  • Company expects FDA feedback on a potential accelerated approval pathway mid-2026 and data from the 600 mg multidose cohort in the second half of 2026.
  • All adverse events were mild to moderate, with no serious adverse events, according to the company.
Read the filing on SEC.gov ↗
KNFKnife River Corp May 18, 4:45 PM ET

Knife River amends credit agreement, adds $400 million to term B loans at lower rate

Neutral financing Written later 1.012.03

Knife River Corporation entered into a Second Amendment to its Credit Agreement on May 15, 2026, increasing its existing term B loans by $400 million and cutting the interest rate margin by 0.25%. After the change, term B loans outstanding total $895 million, and the company plans to use the proceeds to refinance existing term B loans, repay revolver borrowings and fund working capital and general corporate purposes.

  • Term B loans increased by $400 million; total outstanding is $895 million after the amendment
  • Interest rate margin reduced by 0.25%; SOFR loans bear 1.75% per annum and alternate base rate loans bear 0.75% per annum
  • Proceeds to refinance existing term B loans, repay Revolving Credit Facility borrowings and fund working capital and general corporate purposes
  • Amendment signed May 15, 2026 with JPMorgan Chase Bank, N.A. as administrative agent; filed as Exhibit 10.1
Read the filing on SEC.gov ↗
MOALTRIA GROUP, INC. May 18, 4:42 PM ET

Altria names Salvatore Mancuso CEO and Heather Newman CFO after annual meeting

Neutral leadership Written later 5.025.07

Altria's annual shareholder meeting on May 14, 2026 confirmed Salvatore Mancuso as chief executive and Heather Newman as chief financial officer, and all 10 director nominees were elected. The filing also details pay for the new executives and a $250,000-per-month consulting arrangement with former CEO William F. Gifford, Jr., through December 31, 2026, which shareholders will track as a cost of the leadership transition.

  • Mancuso's base salary is $1,350,000; his annual equity award target is $8.5 million.
  • Newman's base salary is $800,000; her annual equity award target is $2.25 million.
  • Gifford will receive $250,000 per month as a consultant from May 15, 2026 through December 31, 2026.
  • Shareholders approved the advisory say-on-pay vote with 977,966,533 votes for and 38,503,766 against.
Read the filing on SEC.gov ↗
PPLPPL Corp May 18, 4:37 PM ET

PPL unit Rhode Island Energy issues $400 million of 6.000% senior notes due 2056

Neutral financing Written later 1.012.03

The Narragansett Electric Company, doing business as Rhode Island Energy and a wholly owned subsidiary of PPL Corporation, issued $400 million of 6.000% senior notes due May 15, 2056 on May 18, 2026. The company expects net proceeds of $396.3 million, which it intends to use to repay short-term debt incurred mainly for capital expenditures and general corporate purposes. The notes are not guaranteed by PPL Corporation, so the obligation sits at the subsidiary level.

  • $400 million principal at a 6.000% annual rate, with interest paid semiannually on May 15 and November 15, beginning November 15, 2026
  • Net proceeds of $396.3 million before other fees and expenses, to be used to repay short-term debt
  • Senior unsecured notes not guaranteed by PPL Corporation or its other subsidiaries; issued under a Seventh Supplemental Indenture dated May 18, 2026 with The Bank of New York Mellon
Read the filing on SEC.gov ↗
AKAMAKAMAI TECHNOLOGIES INC May 18, 4:16 PM ET

Akamai proposes $2.6 billion convertible notes and raises leverage covenant limit

Neutral financing Written later 1.012.038.01

Akamai said it plans to offer $1.3 billion of 2030 convertible notes and $1.3 billion of 2032 convertible notes to qualified institutional buyers, subject to market conditions. The same day, it amended its credit agreement to raise the maximum consolidated leverage ratio covenant to 4.75:1.00 for the four quarters ending June 30, 2026 and September 30, 2026. Shareholders could face potential dilution, and the company plans to use part of the proceeds for capital expenditures at its Cloud Infrastructure Services business.

  • Proposed offering: $1.3 billion of 0% convertible senior notes due May 15, 2030 and $1.3 billion due May 15, 2032, with initial purchasers able to buy up to an additional $200.0 million of each series
  • Credit agreement Amendment No. 3 with JPMorgan Chase Bank, N.A. as agent raises the maximum leverage ratio covenant to 4.75:1.00 for quarters ending June 30 and September 30, 2026
  • About $350 million of proceeds is planned for share repurchases from note purchasers, with the remaining proceeds for accelerated capital expenditures at the Cloud Infrastructure Services business and general corporate purposes
  • Offering terms, including conversion rate and offering price, will be set at pricing and the offering is not assured
Read the filing on SEC.gov ↗
CLRBCellectar Biosciences, Inc. May 18, 4:15 PM ET

Cellectar Biosciences: Director Stefan Loren to leave board; Nantahala designee Andrew Gu appointed

Neutral leadership Written later 5.02

Cellectar director Stefan Loren will not stand for reelection at the 2026 annual meeting, and the Board appointed Andrew Gu, an analyst at hedge fund Nantahala Capital Management, as a Class III director and Audit Committee member on May 18, 2026. The change follows a May 4, 2026 securities purchase agreement in which Nantahala secured a board designation right, and the filing says Dr. Loren's decision was not due to any disagreement with the Company.

  • Stefan D. Loren, Ph.D. notified the Board on May 17, 2026 that he will not seek reelection as a Class III director.
  • Andrew Gu was appointed to the Board as a Class III director and to the Audit Committee on May 18, 2026, as Nantahala's designee.
  • Dr. Loren will provide consulting services for one year, starting July 8, 2026, for $15,000 per quarter, plus a stock option grant of 15,000 shares at the end of the term.
Read the filing on SEC.gov ↗
FDXFEDEX CORP May 18, 4:15 PM ET

FedEx CAO Guy Erwin to resign May 31; Claude Russ named interim chief accounting officer

Neutral leadership Written later 5.02

FedEx chief accounting officer Guy Erwin II resigned, effective May 31, 2026, to join FedEx Freight Holding Company as senior vice president and chief accounting officer. The filing says his resignation is not the result of any disagreement with the company on financial controls, financial statements, operations, policies, or practices. The board appointed Claude F. Russ, who is also the interim chief financial officer, as interim chief accounting officer effective June 1, 2026, until a permanent successor is appointed.

  • Guy M. Erwin II resigns effective May 31, 2026, after informing the company on May 14, 2026.
  • Erwin joins FedEx Freight Holding Company, Inc. as senior vice president and chief accounting officer.
  • Claude F. Russ becomes interim chief accounting officer effective June 1, 2026, and is also named interim chief financial officer effective June 1, 2026.
  • Russ previously served as senior vice president and chief financial officer of FedEx Freight and has been enterprise vice president, finance since June 2024.
Read the filing on SEC.gov ↗

Old Republic prices $700 million of 5.700% senior notes due 2036

Neutral financing Written later 1.012.03

Old Republic International priced a registered underwritten offering of $700 million in 5.700% senior notes due June 1, 2036, on May 13, 2026. The company issued the notes under an indenture with Wilmington Trust Company as trustee, adding $700 million of direct debt to its obligations.

  • Principal amount of $700 million; interest of 5.700% paid semi-annually on June 1 and December 1, starting December 1, 2026
  • Notes mature June 1, 2036; redeemable at any time before March 1, 2036 at the greater of par or a Treasury-based make-whole price plus 20 basis points
  • Underwriters are Morgan Stanley & Co. LLC and PNC Capital Markets LLC; trustee is Wilmington Trust Company
Read the filing on SEC.gov ↗

Advanced Energy completes $1.15 billion offering of 0% convertible notes due 2031

Neutral financing Written later 1.012.033.02

Advanced Energy Industries completed a private offering of $1.15 billion in 0% convertible senior notes maturing May 15, 2031, and used part of the net proceeds of about $1,128.1 million to buy back $438.3 million of its 2.50% convertible notes due 2028 in exchange for cash and shares. The filing says capped call transactions are expected to reduce potential dilution to shareholders from conversions, up to a cap.

  • $1.15 billion of 0% convertible senior notes due May 15, 2031, including the full $150.0 million option exercised by the initial purchasers
  • Net proceeds of about $1,128.1 million; $69.0 million paid for capped call confirmations and about $442.4 million in cash plus about 1.98 million common shares used to exchange $438.3 million of 2028 notes
  • Initial conversion price of about $508.78 per share; $136.7 million of 2028 notes remain outstanding; notes cannot be redeemed before May 21, 2029, except in a cleanup redemption
Read the filing on SEC.gov ↗
CRWVCoreWeave, Inc. May 18, 4:06 PM ET

CoreWeave closes $3.1 billion delayed draw term loan facility for GPU infrastructure

Mixed financing Written later 1.012.037.01

CoreWeave's subsidiary CoreWeave Financing DDTL V, LLC signed a $3.1 billion delayed draw term loan on May 15, 2026, and the company announced the closing on May 18, 2026. The loan is guaranteed by CoreWeave, Inc. and secured by substantially all assets of the borrower and its subsidiaries, and it carries a debt service coverage covenant, so it adds a significant secured debt obligation for shareholders to weigh against the funding it provides for customer infrastructure.

  • Facility size is $3.1 billion, with draws available until a commitment termination date in September 2026 and maturity on November 15, 2031.
  • Pricing is SOFR plus a 4.50% margin for SOFR loans, with a 0.50% annual undrawn fee.
  • Obligations are secured by substantially all assets of the borrower and its subsidiaries and guaranteed by CoreWeave, Inc.; a debt service coverage ratio of at least 1.35x is required starting after the earlier of commitment reduction to ze
  • Proceeds will fund infrastructure for two customer contracts with non-investment grade customers; the facility is rated Ba2 by Moody's and BB+ by Fitch.
Read the filing on SEC.gov ↗
OIO-I Glass, Inc. /DE/ May 18, 4:05 PM ET

O-I Glass unit completes $500 million offering of 9.500% senior notes due 2033

Neutral financing Written later 1.012.03

On May 18, 2026, Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of O-I Glass, completed a private offering of $500 million in 9.500% Senior Notes due 2033. The notes are guaranteed by Owens-Illinois Group and certain of its U.S. subsidiaries, and the company is adding this debt to its obligations. Shareholders may want to note the new borrowing and its fixed 9.500% interest rate, as the filing does not describe how the proceeds will be used.

  • Principal amount: $500 million of 9.500% Senior Notes due 2033, sold under Rule 144A and Regulation S
  • Issuer: Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of O-I Glass, Inc.
  • Guarantors include Owens-Illinois Group, Inc. and certain U.S. subsidiaries that guarantee its credit agreement
  • Indenture dated May 18, 2026, with Regions Bank as trustee, filed as Exhibit 4.1
Read the filing on SEC.gov ↗
HOURHour Loop, Inc May 18, 4:05 PM ET

Hour Loop Revises CEO and Senior VP 2026 Bonus Terms Tied to Net Profit Targets

Neutral leadership Written later 5.02

On May 15, 2026, Hour Loop entered into Addendum No. 7 employment agreements with Chairman and CEO Sam Lai, who is also interim CFO, and with Senior Vice President and Director Sau Kuen (Maggie) Yu, revising their 2026 bonus terms. Each bonus depends on net profit (excluding taxes and executives' bonuses) reaching a threshold at the end of fiscal 2026, and each executive is also due a $100,000 guaranteed bonus on December 22, 2026. Because the couple together hold about 94.8% of the company's voting power, shareholders other than them have limited influence over these arrangements.

  • Net profit target of at least $1,000,000 in fiscal 2026 pays a bonus of 50% of base salary to each executive.
  • Net profit target of at least $2,000,000 in fiscal 2026 pays a bonus of 100% of base salary; only one bonus amount is payable.
  • Each executive is entitled to a guaranteed $100,000 bonus on December 22, 2026.
  • Sam Lai and Maggie Yu are husband and wife and together beneficially own 33,360,142 shares, about 94.8% of voting power.
Read the filing on SEC.gov ↗
AGYSAGILYSYS INC May 18, 4:05 PM ET

Agilysys Q4 revenue rises 11.7% to record $82.9 million; FY2027 outlook $365-370 million

Positive earnings Written later 2.02

Agilysys reported fiscal 2026 fourth-quarter revenue up 11.7% to a record $82.9 million, with net income of $12.3 million, or $0.43 per diluted share, versus $3.9 million a year earlier. For the full year, revenue rose 15.9% to $319.3 million and net income reached $38.8 million, or $1.37 per diluted share. The company expects fiscal 2027 revenue of $365 million to $370 million and adjusted EBITDA of 24% of revenue.

  • Q4 fiscal 2026 revenue $82.9 million, up 11.7% from $74.3 million; subscription revenue up 24.1%
  • Q4 net income $12.3 million ($0.43 per diluted share) vs. $3.9 million ($0.14) a year earlier
  • Full-year fiscal 2026 revenue $319.3 million, up 15.9%; adjusted diluted EPS $1.79 vs. $1.55
  • Fiscal 2027 outlook: revenue $365 million to $370 million, subscription revenue growth of at least 30%
Read the filing on SEC.gov ↗
TROWPRICE T ROWE GROUP INC May 18, 4:00 PM ET

T. Rowe Price names Eric Veiel president; Sébastien Page to co-head Global Investments

Neutral leadership Written later 5.02

T. Rowe Price's board approved Eric Veiel's appointment as president on May 15, 2026, and the firm announced the change on May 18. Rob Sharps remains chair and chief executive officer, and Veiel keeps his role as co-head of Global Investments and chief investment officer. The filing describes a leadership reshuffle within the firm rather than a change at the top.

  • Eric Veiel named president; the press release says the appointment is effective June 1, 2026, while the 8-K states effective immediately
  • Sébastien Page becomes co-head of Global Investments and chief investment officer, effective June 1, 2026
  • Wyatt Lee becomes head of Global Multi-Asset effective October 1, 2026, and joins the Management Committee January 1, 2027
  • Rob Sharps remains chair and chief executive officer
Read the filing on SEC.gov ↗
MARPSMARINE PETROLEUM TRUST May 18, 11:56 AM ET

Marine Petroleum Trust cuts quarterly distribution to $0.096470 per unit

Negative shareholder Written later 7.01

Marine Petroleum Trust declared a quarterly cash distribution of $0.096470 per unit, payable June 29, 2026, to unitholders of record on May 29, 2026. The amount is lower than the $0.101614 paid last quarter and the $0.110983 paid in the same quarter of 2025, so unitholders would receive less per unit.

  • Distribution of $0.096470 per unit, payable June 29, 2026, to holders of record on May 29, 2026
  • Down from $0.101614 per unit last quarter and $0.110983 per unit in the comparable 2025 quarter
  • Oil volumes and oil prices fell from last quarter, while natural gas volumes and prices rose
  • Versus the 2025 quarter, oil volumes and oil prices rose and fell respectively, and natural gas volumes fell while gas prices rose
Read the filing on SEC.gov ↗
NBIXNEUROCRINE BIOSCIENCES INC May 18, 9:04 AM ET

Neurocrine completes $2.9 billion Soleno Therapeutics acquisition

Neutral m&a Written later 1.012.012.037.01

Neurocrine Biosciences completed its acquisition of Soleno Therapeutics on May 18, 2026, through a $53.00 per share cash tender offer and merger. The deal adds VYKAT XR, a treatment for hyperphagia in Prader-Willi syndrome, to Neurocrine's commercial portfolio. The company funded the roughly $2.9 billion cash payment from cash on hand and also drew $600.0 million under a new $1.0 billion revolving credit facility.

  • Tender offer price of $53.00 per share in cash; 46,356,114 Soleno shares, about 88.9% of outstanding shares, were validly tendered by the May 15, 2026 expiration
  • Aggregate cash paid was approximately $2.9 billion plus fees and expenses, funded from Neurocrine's available cash on hand
  • New five-year, $1.0 billion senior secured revolving credit facility with JPMorgan Chase Bank, N.A. dated May 14, 2026; $600.0 million initial borrowing made on that date
  • Soleno common stock will no longer be listed or traded on the Nasdaq Capital Market as of May 18, 2026
Read the filing on SEC.gov ↗
LGNDLIGAND PHARMACEUTICALS INC May 18, 9:01 AM ET

Ligand amends XOMA Royalty merger agreement to add holding company HoldCo as a party

Neutral m&a Written later 1.01

Ligand Pharmaceuticals disclosed that on May 16, 2026 it, XOMA Royalty and its merger subsidiary signed Amendment No. 1 to the merger agreement first announced April 27, 2026. The amendment adds XOMA Royalty Holdings Corporation (HoldCo) as a party, which is tied to a holding company reorganization in which HoldCo would become a wholly owned Ligand subsidiary. The filing does not state a deal value or new terms beyond this change.

  • Merger Agreement with XOMA Royalty Corporation first entered into on April 27, 2026
  • Amendment No. 1 dated May 16, 2026 adds HoldCo as a party to the agreement
  • HoldCo will survive the merger as a wholly owned subsidiary of Ligand, following a holding company reorganization under Nevada law
  • XOMA Royalty stockholder approval and regulatory approvals are among the conditions to closing
Read the filing on SEC.gov ↗
SPGIS&P Global Inc. May 18, 8:53 AM ET

S&P Global launches $2 billion notes offering by Mobility Global ahead of spin-off

Neutral financing Written later 8.01

S&P Global announced the start of a $2,000,000,000 private offering of senior notes due 2029, 2031 and 2036 by Mobility Global Inc., a holding company for its Mobility division that S&P Global plans to spin off to shareholders. Net proceeds will be placed in escrow until conditions tied to the separation are met, and the proceeds are intended to fund a cash payment to S&P Global. The filing does not state the coupon rates, the offering size per tranche, or a separation date.

  • Offering size is $2,000,000,000 across senior notes due 2029, 2031 and 2036, sold privately to qualified institutional buyers and non-US persons under Rule 144A and Regulation S.
  • Mobility Global has also entered into a $500 million senior unsecured revolving credit facility.
  • Net proceeds will be held in escrow until separation conditions are satisfied, then used to make a cash payment to S&P Global.
  • The notes are unregistered and may not be offered or sold in the United States without an exemption; the filing does not give a separation date.
Read the filing on SEC.gov ↗
DDOMINION ENERGY, INC May 18, 8:08 AM ET

Dominion Energy agrees to all-stock merger with NextEra Energy

Mixed m&a Written later 1.017.01

On May 15, 2026, Dominion Energy entered a merger agreement with NextEra Energy. If completed, Dominion would become a wholly owned subsidiary of NextEra, and each Dominion share would convert into 0.8138 NextEra shares plus a pro rata share of $360 million in cash. The deal requires approval by Dominion and NextEra shareholders and several regulatory clearances, so Dominion shareholders will not receive these terms unless those conditions are met.

  • Each Dominion common share converts into 0.8138 NextEra Energy common shares plus a pro rata share of a $360 million cash payment, without interest.
  • Closing requires approval by a majority of Dominion shareholders, NextEra shareholder approval of the share issuance, and regulatory clearances from FERC, the NRC, and state commissions in Virginia, North Carolina and South Carolina.
  • Either party may terminate if the First Merger is not completed by November 15, 2027, extendable to August 15, 2028 under specified conditions.
  • If the merger closes, Dominion common stock would be delisted from the NYSE and later deregistered; the companies expect closing in 12 to 18 months and propose $2.25 billion in customer bill credits over two years.
Read the filing on SEC.gov ↗
CVUCPI AEROSTRUCTURES INC May 18, 8:08 AM ET

CPI Aerostructures Q1 net income $1.2 million, up from $1.3 million loss

Positive earnings Written later 2.02

CPI Aerostructures reported first-quarter 2026 revenue of $17.4 million, up from $15.4 million a year earlier, and net income of $1.2 million, compared with a net loss of $1.3 million in the first quarter of 2025. Gross profit rose to $4.5 million from $1.6 million, and the company said the results reflect a more favorable product mix and operational efficiencies. Shareholders see both higher sales and a return to profit on a year-over-year basis, and the company cited a backlog of $495 million.

  • Revenue was $17.4 million versus $15.4 million in Q1 2025.
  • Gross profit margin was 25.8% versus 10.7% (21.6% excluding the A-10 Program impact).
  • Net income was $1.2 million versus a net loss of $1.3 million; basic EPS was $0.10 and diluted EPS was $0.09.
  • Adjusted EBITDA was $2.1 million versus $(0.8) million ($1.4 million excluding the A-10 Program impact); backlog was $495 million.
Read the filing on SEC.gov ↗

Pioneer Power Wins $6.0 Million PRYMUS Award for Two Distributed Generation Systems

Positive product/contract Written later 7.01

On May 18, 2026, Pioneer Power Solutions announced a $6.0 million award for two of its PRYMUS distributed generation systems from a national package delivery company. The filing says delivery is expected in the second half of 2026, and the release contains no revenue, profit, or guidance figures.

  • Award value is $6.0 million for two PRYMUS systems to provide prime power at two transit hubs
  • Planned configuration includes eight 400 kW natural gas engine sets and two 480 kW battery energy storage systems
  • Delivery is expected in the second half of 2026
  • PRYMUS was introduced in December 2025 as scalable power blocks of 1 MW to 10 MW
Read the filing on SEC.gov ↗
NEENEXTERA ENERGY INC May 18, 7:35 AM ET

NextEra Energy agrees to combine with Dominion Energy in all-stock merger

Mixed m&a Written later 1.017.01

On May 15, 2026, NextEra Energy signed a merger agreement with Dominion Energy under which Dominion would become a wholly owned subsidiary. Each Dominion share would convert into 0.8138 NextEra shares plus a pro rata share of $360 million in cash, and NextEra shareholders would own about 74.5% of the combined company. Closing requires shareholder votes and regulatory approvals, and the companies expect it to take 12 to 18 months.

  • Agreement dated May 15, 2026; each Dominion share converts into 0.8138 NextEra shares plus a pro rata share of $360 million in cash.
  • NextEra shareholders would own about 74.5% and Dominion shareholders about 25.5% of the combined company.
  • Termination fees include $2.24 billion payable by Dominion and $6.52 billion payable by NextEra in specified reciprocal cases, and $4.83 billion payable by NextEra in certain regulatory-related terminations.
  • The First Merger may be terminated if not completed by November 15, 2027, extendable to August 15, 2028 under specified conditions.
Read the filing on SEC.gov ↗

Pioneer Power Q1 revenue falls 36.7% to $4.3 million; net loss widens to $2.5 million

Negative earnings Written later 2.02

Pioneer Power Solutions reported first-quarter 2026 results that show revenue down 36.7% from a year earlier, driven by lower sales and rentals of its e-Boost mobile EV charging systems. The net loss rose to $2.5 million, or $0.23 per share, from $929,000, or $0.09 per share, in the prior-year quarter, which included $1.1 million of discontinued operations income. Shareholders also face a lower cash balance of $13.6 million, though backlog rose to $13.9 million.

  • Revenue was $4.3 million, down 36.7% from $6.7 million in the first quarter of 2025.
  • Gross margin was 13.6%, up from 2.2% a year earlier; operating loss narrowed to $2.0 million from $2.3 million.
  • Net loss was $2.5 million, or $0.23 per share, compared with $929,000, or $0.09 per share, a year earlier.
  • Backlog was $13.9 million at March 31, 2026, up from $12.6 million at December 31, 2025; cash was $13.6 million, down from $15.0 million.
Read the filing on SEC.gov ↗
NEENEXTERA ENERGY INC May 18, 7:15 AM ET

NextEra Energy: FPL CEO Armando Pimentel to become Vice Chairman effective May 18

Neutral leadership Written later 5.028.01

NextEra Energy said its Florida Power & Light CEO, Armando Pimentel, Jr., resigned from that role as part of a planned leadership succession and was appointed Vice Chairman of NextEra Energy, both effective May 18, 2026. Scott Bores, currently FPL's President, will succeed him as FPL's CEO on the same date.

  • Armando Pimentel, Jr. resigned as CEO of Florida Power & Light effective May 18, 2026, and was appointed Vice Chairman of NextEra Energy effective the same day
  • The resignation decision was made on May 15, 2026, as part of a planned leadership succession process
  • Scott Bores, currently President of FPL, will succeed Pimentel as FPL's Chief Executive Officer effective May 18, 2026
Read the filing on SEC.gov ↗
DSGNDesign Therapeutics, Inc. May 18, 7:15 AM ET

Design Therapeutics reports early Friedreich ataxia data for DT-216P2 at 1 mpk dose

Positive other Written later 8.01

Design Therapeutics reported biomarker and clinical data from the ongoing Phase 1/2 RESTORE-FA trial of DT-216P2 in Friedreich ataxia patients, including mean improvements at the 1 mpk dose on two rating scales and increases in frataxin levels. The company said the data are preliminary and that it intends to pursue a registrational path, with an update on its plans expected in the fourth quarter of 2026.

  • As of May 17, 2026, 16 patients had completed four weeks of weekly IV DT-216P2 across 0.1, 0.3, 0.6 and 1 mpk cohorts (n=4 per cohort).
  • At 1 mpk, mean improvements from baseline were 6.4 points on the modified Friedreich's Ataxia Rating Scale and 2.7 points on the Upright Stability Score.
  • Whole blood FXN mRNA increased 65% from baseline after four weeks at 1 mpk (p < 0.001).
  • No serious adverse events or treatment discontinuations were reported; three patients had mild to moderate, asymptomatic ALT elevations.
Read the filing on SEC.gov ↗
BRCBRADY CORP May 18, 7:03 AM ET

Brady Corp Q3 adjusted EPS rises 23% to $1.50; raises fiscal 2026 adjusted EPS guidance

Positive guidance Written later 2.027.01

Brady Corporation reported fiscal 2026 third-quarter sales of $435.2 million, up 13.8 percent, and adjusted diluted EPS of $1.50, up 23.0 percent from $1.22. The company raised its fiscal 2026 adjusted diluted EPS guidance to $5.20 to $5.30 per share, while its GAAP EPS guidance moved to $4.66 to $4.76 from $4.62 to $4.82. The results are a positive sign for shareholders, though GAAP guidance was narrowed and the pending Honeywell PSS acquisition is not yet closed.

  • Q3 sales were $435.2 million, up 13.8 percent, with organic growth of 8.2 percent
  • Q3 GAAP diluted EPS was $1.21 versus $1.09; adjusted diluted EPS was $1.50 versus $1.22
  • Adjusted diluted EPS guidance for the year ending July 31, 2026 raised to $5.20 to $5.30 from $4.95 to $5.15
  • Agreement to acquire Honeywell's Productivity Solutions and Services business, signed April 20, 2026, expected to close in the second half of calendar 2026
Read the filing on SEC.gov ↗

Wyndham CEO Geoff Ballotti discloses cancer treatment; CAO Rossi to depart July 31

Neutral leadership Written later 5.025.078.01

Wyndham CEO Geoff Ballotti told team members on May 18, 2026 that he is undergoing treatment for multiple myeloma and plans to keep working largely as normal, with less travel. Chief Accounting Officer Nicola Rossi will leave on July 31, 2026, and Controller Christopher Androski will become Chief Accounting Officer on that date. At the May 14 annual meeting, stockholders re-elected all nine directors and approved a stockholder proposal on written consent.

  • Ballotti's May 18 message (Exhibit 99.1) says he was diagnosed last week and began treatment at Beth Israel/Dana-Farber in Boston
  • Rossi continues as Chief Accounting Officer until July 31, 2026; Androski, 52, is Senior Vice President and Controller and will succeed him
  • All nine director nominees were elected at the May 14, 2026 annual meeting; say-on-pay passed with 54,328,340 votes for and 9,548,555 against
  • Stockholders approved the written-consent proposal with 40,181,784 votes for and 23,709,518 against
Read the filing on SEC.gov ↗
RAMPLiveRamp Holdings, Inc. May 18, 6:04 AM ET

LiveRamp agrees to all-cash sale to Publicis unit at $38.50 per share, $2.5 billion value

Positive m&a Written later 1.012.025.025.037.01

On May 16, 2026, LiveRamp agreed to be acquired by a subsidiary of Publicis for $38.50 per share in cash, an equity value of $2.5 billion and a 30% premium to the May 15, 2026 closing price. The deal requires stockholder approval and regulatory clearances, including CFIUS approval, and is expected to close by the end of calendar 2026. Alongside the deal, fiscal fourth-quarter revenue rose 9% to $206 million and non-GAAP operating income rose 75% to $40 million, but the company will not hold an earnings call or provide guidance.

  • Merger consideration is $38.50 in cash per share, with a 30% premium to the May 15, 2026 closing stock price
  • Either party may owe a termination fee of $32,350,000 in certain circumstances; the Outside Date is May 16, 2027
  • Expected to close by the end of calendar 2026, subject to stockholder approval and regulatory conditions
  • Q4 FY26 total revenue was $206 million, up 9%; GAAP diluted EPS of $1.12 benefited from a tax valuation allowance release
Read the filing on SEC.gov ↗

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