Executive Summary
The September 9, 2026 batch is dominated by a wave of SEBI recovery certificate corrigenda (8 filings) and Indian insolvency proceedings, creating a distinctly bearish regulatory and restructuring undercurrent. However, several high-value M&A events—the definitive buyout of Selectis Health, the SPAC merger filings for Daedalus/HubX and Blue Laser Fusion, and the completion of Barinthus Biotherapeutics' acquisition—provide clear positive catalysts.
A critical portfolio-level insight emerges from the troubled Indian companies: the financial distress is not uniform, as Oswal Overseas' successful CIRP withdrawal at a 100% creditor vote contrasts sharply with Raja Bahadur International's worsening liquidity crisis (current liabilities 4x current assets) and contradictory public statements. The Barinthus delisting (Voluntary, post-acquisition) and TMC warrant expiration are procedurally neutral, while Iveda Solutions' second Nasdaq extension highlights a binary survival risk for micro-cap companies.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: 8-K
Tracking the trend? Catch up on the prior Global High-Priority Regulatory Events digest from September 08, 2026.
Investment Signals (10)
- Selectis Health ↓ (BULLISH)▲
Acquired at $5.75/share with 90.93% of shares tendered, a definitive bid that values the entire company. With no shareholder vote required under Utah law, the deal is certain to close, offering a near-zero-risk arbitrage to remaining holders
- Alchemy Investments Acquisition Corp 1 ↓ (BULLISH)▲
Overwhelming shareholder approval (3,726,693 for, 6,412 against) for a full one-year extension provides maximum runway and de-risks the SPAC's search for a target. The low monthly deposit ($30k) signals management's financial discipline
- Oswal Overseas Ltd ↓ (BULLISH)▲
The CIRP withdrawal with 100% CoC approval and a pre-settled demand draft of ₹2.8 crore to SBI represents a complete turnaround from insolvency to operational control, removing existential bankruptcy risk
- ▲
A non-binding LOI to acquire HubX, a Turkish consumer AI company with a $75 million investment commitment from Point72. This marquee backing provides strong validation for the SPAC and a high-growth target, increasing the likelihood of a definitive deal
- Barinthus Biotherapeutics ↓ (BULLISH)▲
The acquisition by Beacon Topco and subsequent voluntary delisting marks the successful conclusion of a change-of-control event. Shareholders received 0.111 Topco shares per Barinthus share, creating a new liquid security to track
- Lincoln National Corp ↓ (BULLISH)▲
Completed concurrent tender offers for up to $500M in preferred stock. This aggressive capital return via a tender—not a dividend cut—signals management's conviction that the company's equity is undervalued and is a strong positive use of excess capital
- Raja Bahadur International Ltd ↓ (BEARISH)▲
The company's public denial of insolvency proceedings is directly contradicted by its own Q1FY27 results confirming an active NCLT-approved PPIRP. This flagrant misrepresentation raises severe corporate governance red flags and suggests management is hiding from creditors
- Iveda Solutions ↓ (BEARISH)▲
Received a second 180-day extension to March 1, 2027, to meet Nasdaq's $1.00 bid price rule. The consideration of a reverse stock split is a desperation maneuver, and the company remains in a precarious liquidity and listing position
- TMC the metals Co Inc (Warrants) ↓ (BEARISH)▲
The delisting of its warrants (TMCWW) via Form 25-NSE upon expiration on September 9, 2026, confirms the securities have reached maturity and will have zero value for holders. This is a structural wind-down for that specific security
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The NCLT's approval of a Resolution Plan after a 4.5-year CIRP (since Feb 2022) is a positive step towards finality, but without any disclosed financial terms (recovery rate, haircut), investors cannot gauge the value being realized for creditors [NEUTRAL/BULLISH]
Risk Flags (9)
- ▼
The company issued a filing to 'deny' insolvency proceedings it is actually under. This is a material misrepresentation.
- Raja Bahadur International Ltd/Liquidity Crisis↓ [HIGH RISK]▼
Current liabilities are 4.04x current assets, showing a critical working capital deficit. EPS of -₹0.18 in Q1FY27 (improving from -₹0.23 YoY) shows no path to profitability. The NCLT-approved PPIRP suggests creditors are effectively in control.
- Iveda Solutions/Nasdaq Compliance↓ [HIGH RISK]▼
A second extension is not a cure. The company's stock price remains below $1.00, and a reverse stock split—if approved—often leads to further selling pressure. Failure by March 1, 2027, means immediate delisting and a likely total loss of equity value.
- SEBI Recovery Proceedings (8 Filings) [MODERATE RISK]▼
The cluster of 8 separate corrigenda (Recovery Certificates 1931/2019, 3031/2020, 4185, 4216, 4217, 4223, 4228 from 2021) indicates a systemic, unresolved compliance failure by unnamed entities. This suggests SEBI is intensifying enforcement and collections, creating headline risk for those involved once named.
- SEBI Insider Trading Action (JSPL) [MODERATE RISK]▼
An adjudication order against an entity for insider trading in Jindal Steel & Power Ltd (JSPL) was issued. While the entity is unnamed, this creates regulatory overhang for JSPL and the broader steel sector until the specific perpetrator is identified.
- Amagi Media Labs/No Financials↓ [LOW RISK]▼
The press release showcases AI products at IBC2026 but contains zero financial data, revenue, or profitability metrics. This is a classic pre-revenue or early-stage hype filing that offers no fundamental anchor for valuation.
- Universal Insurance Holdings/Exchange Offer↓ [LOW RISK]▼
The S-4 filing for a debt exchange (Old Notes for New Notes) is routine, but it suggests the company is managing its debt stack. If the market forces it to register to avoid defaults, it signals potential covenant or liquidity pressure.
- ▼
The voluntary delisting and deregistration mean the stock will no longer trade on Nasdaq. Shareholders have no public market liquidity for their Barinthus shares, only a private holding in Topco.
- Vikas WSP Ltd/No Financial Disclosure↓ [MODERATE RISK]▼
The NCLT approved a resolution plan, but the lack of any disclosed financial terms creates a 'black box' for investors trying to assess the value recovery, if any, for existing shareholders.
Opportunities (7)
- Oswal Overseas Ltd/Turnaround Play↓ (OPPORTUNITY)◆
The company was rescued from CIRP after a 100% creditor vote and a ₹2.8 crore payment to SBI. With the insolvency risk removed, the stock presents a potential deep-value turnaround if the underlying business can generate positive cash flow. The catalyst is the return to normal operations.
- Unite Acquisition 2 Corp/Blue Laser Fusion↓ (OPPORTUNITY)◆
The filing of audited financial statements (2024/2025) is a key step toward completing a de-SPAC merger with a fusion energy company. The PCAOB audit by a San Francisco firm adds credibility. The deep-tech nature of the target provides a high-risk/high-reward exposure.
- Andretti Acquisition Corp. II/Long Runway↓ (OPPORTUNITY)◆
The amendment to a 36-month business combination timeline from IPO is an abnormally long runway, giving the SPAC management an exceptional period to find and negotiate a high-quality deal. This structure reduces the risk of a forced, low-quality merger.
- Selectis Health/Post-Merger Arb↓ (OPPORTUNITY)◆
With 90.93% tendered and a short-form merger process in Utah, the remaining 9.07% of shares will be forcibly converted to a fixed $5.75 cash price. The tiny spread and zero execution risk make this a textbook risk-free arbitrage for holders.
- Daedalus Special Acquisition Corp/HubX↓ (OPPORTUNITY)◆
The $75M commitment from Point72 is a powerful signal. For early entrants, the potential for a definitive agreement and a successful Nasdaq listing for HubX—the first company to generate AI output from Google's TPU—offers significant upside if the valuation is reasonable.
- Alchemy Investments Acquisition Corp 1/Stability↓ (OPPORTUNITY)◆
The overwhelming shareholder approval for the one-year extension indicates strong retail/institutional support. The OTC listing (ALCUF, ALCYF, ALCWF) may present a pricing inefficiency compared to trust value.
- Vikas WSP/CIRP Resolution↓ (OPPORTUNITY)◆
The approval of a resolution plan, while opaque, provides a clear catalyst: the company will exit CIRP under new ownership/management. For distressed debt investors, this is the event that triggers the final recovery distribution.
Sector Themes (5)
- Indian Insolvency Wave◆
4 of the 24 filings involve Indian corporate insolvency (Amagi, Vikas, Oswal, Raja Bahadur). The outcomes are divergent—successful rescue (Oswal), opaque approval (Vikas), denial of crisis (Raja Bahadur)—highlighting the unpredictable nature of the IBC process and the importance of governance quality.
- SEBI’s Active Enforcement Sweep◆
The 8 corrigenda and 2 specific adjudication orders (illiquid options, JSPL insider trading) in a single day signal an aggressive phase of regulatory cleanup. This creates systemic headlines but also highlights specific companies (Jindal Steel) that may face reputation damage.
- Contradictory Governance Red Flags◆
The most actionable insight comes from the discrepancy between Raja Bahadur International's official denial and its own financial statements. This theme underscores that in distressed situations, a company's public statements cannot be trusted without cross-referencing with other filings.
- SPAC Activity with High-Quality Backers◆
Two SPAC deals (Daedalus/HubX with Point72; Unite/Blue Laser Fusion) involve cutting-edge technology (AI, fusion) and marquee investors. This suggests the SPAC market is pivoting to high-risk/high-reward deep-tech targets backed by credible institutional investors, a pattern to watch for future filings.
- Micro-Cap Distress as a Binary Event◆
Iveda Solutions' second extension shows that for micro-cap companies, failing a Nasdaq bid price rule is a binary life-or-death event. The market should watch for a surge in similar 180-day extension requests as the year-end approaches, particularly in sectors with depressed share prices.
Watch List (8)
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Watch for a definitive merger agreement with HubX following the non-binding LOI. The deal is contingent on due diligence, so any delays or termination could cause a sharp drop in the SPAC's stock. [Near-term]
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The company's PPIRP implementation must be monitored for further creditor actions, NCLT hearings, or a potential admission of the insolvency it has denied. The contradiction between its statements and its own financials makes this a disaster risk. [Continuous]
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The stock price trajectory towards March 1, 2027. Any news regarding shareholder approval for a reverse stock split or a sudden price increase due to a business development will be the key catalyst. [Medium-term: March 2027]
- SEBI Actions (Unnamed Entities)👁
The 8 corrigenda related to Recovery Certificates from 2019-2021 suggest that SEBI is in the process of identifying and collecting from specific entities. Once the names are disclosed in future filings, the affected stocks could see immediate negative reactions. [Unknown]
- For Jindal Steel & Power (JSPL)👁
The insider trading adjudication order, even against an unnamed entity, creates a regulatory cloud. Any future disclosures linking a company insider to the action would be a major negative catalyst for JSPL's stock. [Unknown]
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The short-form merger process via Utah law. The final conversion of remaining shares to $5.75 cash is imminent. Watch for the Form 15 termination of registration. [Days]
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The company is now private. The only remaining public market event is the final SEC deregistration. For former shareholders, the value per share is now tied solely to the performance of their Beacon Topco shares. [Completed]
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The implementation stage of the approved Resolution Plan. The lack of financial detail means the market will need to wait for the company's next filing to gauge the financial impact of the plan on creditors' recovery. [Medium-term]
Filing Analyses
(24)
09-09-2026
Black Pearl Equities completed its tender offer for all outstanding shares of Selectis Health, Inc. at $5.75 per share in cash, with 2,789,027 shares tendered (90.93% of outstanding shares). The acquisition will proceed via a short-form merger under Utah law, converting remaining shares to the same cash price, making Selectis an indirect wholly owned subsidiary. The transaction represents a full acquisition of the company, with no negative financial metrics reported in the filing.
- · Tender offer expired at 5:00 p.m. New York City time on August 31, 2026.
- · Merger will be completed without a stockholder vote under Section 16-10a-1108 of the Utah Revised Business Corporation Act.
- · Selectis operates eight properties in Arkansas and Oklahoma, providing skilled nursing, assisted living, and independent living services.
- · Reimbursement sources include Medicare, Medicaid, and private pay arrangements.
- · Information agent: Laurel Hill Advisory Group (toll-free (844) 305-2265, email [email protected]).
- · Depositary: Broadridge Corporate Issuer Solutions, LLC.
09-09-2026
Daedalus Special Acquisition Corp. (DSAC) announced a non-binding Letter of Intent to acquire HubX, a Turkish consumer AI company, through a business combination that will take HubX public on Nasdaq. HubX has received a $75M investment commitment from Point72 in connection with the deal. The transaction is subject to definitive agreements, due diligence, and regulatory approvals, and no financial terms of the combination itself have been disclosed.
- · HubX was established in 2022 and is based in Turkiye.
- · HubX is structured as a technology hub with autonomous in-house studios and a central platform.
- · HubX was the first company to get an AI generated output from Google's TPU.
- · The letter of intent is non-binding and the transaction is subject to execution of definitive agreements, completion of due diligence, shareholder and regulatory approvals, and other customary closing conditions.
- · Daedalus Special Acquisition Corp. is a SPAC (blank check company) focused on building a diversified portfolio of profitable AI-powered consumer apps.
09-09-2026
Amagi Media Labs Ltd announced it will showcase four new AI-native capabilities at IBC2026, including Amagi Studio (cloud-based live production), Fanpulse (agentic storytelling for live sports), integrated localization, and Agentic Network Operations. The press release highlights how these innovations aim to help media companies grow reach without increasing cost or complexity, but no financial figures or performance metrics were disclosed.
- · Amagi Studio is currently in pilot with a leading US network.
- · Fanpulse extends the agentic storytelling engine (previously debuted as Amagi Newspulse at NAB 2026) to live sports.
- · Integrated localization brings metadata enrichment, captioning, subtitling, and dubbing into the existing platform.
- · Agentic Network Operations is already in production with Amagi Managed Services.
- · Amagi was founded in 2008 and is a cloud-native SaaS platform.
09-09-2026
Vikas WSP Limited (under CIRP) announced that the Hon'ble NCLT, Chandigarh Bench, Court-II, on September 9, 2026, approved the Resolution Plan in IA (I.B.C.) No. 1538/2022. The company has been under corporate insolvency resolution process since February 2, 2022, with its affairs managed by the Resolution Professional. No financial details of the approved plan were disclosed.
- · The company has been under CIRP since February 2, 2022, as per the Insolvency and Bankruptcy Code, 2016.
- · The Resolution Professional, Mr. Darshan Singh Anand, was appointed by NCLT Chandigarh Bench and continued by the Committee of Creditors on March 17, 2022.
- · No financial terms or details of the approved Resolution Plan were disclosed in the filing.
09-09-2026
The Hon'ble NCLT has allowed the withdrawal of the Corporate Insolvency Resolution Process (CIRP) initiated against the company under Section 12A of the IBC, following a settlement with the sole financial creditor, State Bank of India. The CIRP was originally initiated on 08 June 2026, and the NCLT order, dated 02 September 2026, restores the company to its pre-CIRP position. The settlement was approved with 100% voting by the Committee of Creditors, and a demand draft of ₹2,80,00,000 (2 crore 80 lakh rupees) was already handed over to the financial creditor.
- · The CIRP was originally initiated on 08 June 2026 vide order in CP (IB) No. 655/ND/2025.
- · The NCLAT, on 09 July 2026, directed the IRP not to take further steps and recorded that the demand draft of ₹2 crore 80 lakh had already been handed over to the financial creditor.
- · The CoC was constituted with State Bank of India as the sole financial creditor.
- · The CoC meeting held on 18 August 2026 approved the settlement proposal with 100% voting.
- · The entire CIRP cost, including estimated cost till the withdrawal order date, has been fully paid.
- · Mr. Mansij Arya, the Interim Resolution Professional, has been discharged and directed to hand over documents to the present management.
- · Consequential IA No. 3297/ND/2026 has been dismissed as infructuous.
09-09-2026
Unite Acquisition 2 Corp. filed an 8-K on September 9, 2026, including audited consolidated financial statements of Blue Laser Fusion, Inc. for the years ended December 31, 2025 and 2024, as Exhibit 99.1. The filing indicates a business combination transaction between the SPAC and Blue Laser Fusion, a fusion energy company. The financial statements show the company's financial position and results, but no specific revenue or net income figures are provided in the excerpt; the auditor's opinion is unqualified.
- · Auditor: PCAOB-registered firm, served as auditor since 2026.
- · Audit location: San Francisco, California.
- · Audit report date: June 11, 2026.
- · Financial statements include balance sheets, statements of operations and comprehensive loss, changes in convertible preferred stock and stockholders’ deficit, and cash flows.
- · No opinion expressed on internal control over financial reporting.
09-09-2026
Raja Bahadur International Ltd has issued a denial regarding false information published on the scanx.trade portal, which claimed the company initiated Pre-Packaged Insolvency Resolution Process under Section 54C of the IBC. The company states it has never approached the NCLT for any insolvency proceedings and has initiated legal action against the portal. However, the company's own Q1FY27 results and a separate news article on the same portal confirm that an NCLT-approved resolution plan under PPIRP is currently being implemented, creating a contradiction between the denial and the company's own disclosures.
- · The company's current liabilities are 4.04 times its current assets, indicating severe working capital deficit.
- · EPS for Q1FY27 was negative ₹0.18, compared to negative ₹0.23 in Q1FY26.
- · The company's own Q1FY27 results and a separate ScanX article confirm that an NCLT-approved resolution plan under PPIRP is being implemented, contradicting the denial in this filing.
- · FY26 consolidated net profit was ₹124.48 lakh, reversing a loss of ₹96.44 lakh in FY25.
- · FY26 revenue from operations was ₹2,865.13 lakh.
- · The company's market capitalisation is ₹125.04 Cr, with a PE ratio of 1,005.98 and a debt-to-equity ratio of 2,186.00.
09-09-2026
SEBI has issued an adjudication order against Sanjay S. Achharya HUF for dealings in illiquid stock options on the BSE. The order, dated September 9, 2026, is part of SEBI's enforcement actions related to market manipulation in the illiquid stock options segment.
- · The adjudication order specifically targets Sanjay S. Achharya HUF, not the individual directly.
- · The case involves dealings in illiquid stock options at BSE, a segment previously flagged by SEBI for suspected circular trading and wash trades.
09-09-2026
SEBI issued an adjudication order on September 09, 2026, concerning insider trading activity by an entity in the scrip of Jindal Steel and Power Limited. The order represents a regulatory enforcement action against the entity, though the specific penalty amount and entity name are not disclosed in the filing.
- · The adjudication order is dated September 09, 2026.
- · The order relates to insider trading activity in the scrip of Jindal Steel and Power Limited.
- · The filing does not disclose the identity of the entity or the penalty amount.
08-09-2026
SEBI issued a corrigendum to a release order related to Recovery Certificate No. 4217 of 2021, indicating ongoing recovery proceedings against the company. The filing provides no financial details or operational updates, and the specific impact on the company remains unclear.
- · Recovery Certificate No. 4217 of 2021 is referenced, indicating a long-standing recovery matter.
- · The filing is a corrigendum, suggesting a correction to a previously issued release order.
08-09-2026
SEBI has issued a corrigendum to a release order related to Recovery Certificate No. 4223 of 2021, indicating ongoing compliance or recovery proceedings against the company. The filing does not provide financial details or the outcome of the recovery, but the regulatory action suggests potential past non-compliance or penalties.
- · The corrigendum relates to Recovery Certificate No. 4223 of 2021, indicating the recovery process has been ongoing since at least 2021.
- · No specific penalty amount or compliance details are disclosed in this filing.
08-09-2026
SEBI issued a corrigendum to a release order related to Recovery Certificate No. 4228 of 2021, indicating ongoing compliance or recovery proceedings against the company. The filing does not disclose any financial amounts, business performance, or operational metrics.
- · The filing is a corrigendum to a release order for Recovery Certificate No. 4228 of 2021.
- · No financial figures, business updates, or operational data are provided in the filing.
08-09-2026
SEBI issued a corrigendum to a release order related to Recovery Certificate No. 4185 of 2021 against Unknown Company, indicating ongoing or concluded recovery proceedings. The filing is a regulatory compliance update with no financial figures or operational impact disclosed.
- · The filing is a corrigendum to a release order for Recovery Certificate No. 4185 of 2021.
- · The action is under SEBI's Recovery Proceedings enforcement category.
- · No monetary amounts, penalties, or specific compliance details were provided in the filing.
08-09-2026
SEBI has issued a corrigendum to a release order concerning Recovery Certificate No. 4216 of 2021, as part of ongoing recovery proceedings against Unknown Company. This regulatory action follows previous enforcement measures and indicates unresolved compliance obligations.
- · The proceeding is under SEBI's Recovery Proceedings enforcement category.
- · The original Recovery Certificate was issued in 2021, and the current filing is a corrigendum to a release order related to that certificate.
08-09-2026
SEBI has issued a corrigendum to a release order related to Recovery Certificate No. 3031 of 2020, indicating ongoing compliance or recovery proceedings against the company. The filing does not disclose the financial amount involved or the specific nature of the underlying violation.
- · The order is a corrigendum to a release order for Recovery Certificate No. 3031 of 2020.
- · The filing is categorized under SEBI's Recovery Proceedings enforcement section.
- · No specific penalty amount or violation details are provided in the filing.
08-09-2026
SEBI has issued a corrigendum to a release order related to Recovery Certificate No. 1931 of 2019 against Unknown Company, indicating ongoing or concluded recovery proceedings. The filing provides no financial figures or operational data, making it impossible to assess the company's performance or the monetary impact of the order.
- · The filing is a SEBI order for compliance, specifically a corrigendum to a release order for Recovery Certificate No. 1931 of 2019.
- · No details on the amount of the recovery, the nature of the violation, or the current status of the proceedings are provided.
09-09-2026
Alchemy Investments Acquisition Corp 1 held its annual general meeting on September 8, 2026, where shareholders approved an amendment to extend the deadline to complete a business combination from September 9, 2026 to September 9, 2027, on a month-to-month basis, by depositing the lesser of $30,000 or $0.03 per non-redeemed public Class A ordinary share per month into the trust account. Shareholders also ratified CBIZ CPAs P.C. as the independent auditor for fiscal year 2026. The extension amendment received overwhelming support with 3,726,693 votes for and only 6,412 against, while the auditor ratification was unanimous.
- · The company is a SPAC (special purpose acquisition company) with units, Class A ordinary shares, and warrants trading on the OTC market under symbols ALCUF, ALCYF, and ALCWF respectively.
- · The extension allows the company to postpone its business combination deadline by up to one year on a month-to-month basis at the directors' discretion.
- · The monthly deposit is the lesser of $30,000 or $0.03 per non-redeemed public Class A ordinary share.
- · The company is an emerging growth company and has not elected to use the extended transition period for complying with new financial accounting standards.
09-09-2026
Universal Insurance Holdings, Inc. filed an S-4 registration statement with the SEC on September 9, 2026, to exchange its outstanding Old Notes for New Notes. The exchange offer is intended to satisfy registration obligations under a registration rights agreement. The filing incorporates by reference the company's Annual Report for FY2025 and quarterly reports for Q1 and Q2 2026, but does not disclose specific financial results or performance metrics for those periods.
- · The S-4 registration statement was filed on September 9, 2026, under the Securities Act of 1933.
- · The exchange offer is for holders of Old Notes to exchange them for New Notes, which are not savings accounts, deposits, or obligations of any bank and are not FDIC-insured.
- · Incorporated documents include the Annual Report on Form 10-K for FY2025 (filed Feb 27, 2026), Q1 2026 10-Q (filed Apr 29, 2026), Q2 2026 10-Q (filed Jul 30, 2026), and several Current Reports on Form 8-K filed in May and June 2026.
- · The company is subject to risks including significant exposure to the Florida market, reliance on reinsurance, catastrophe losses, and potential downgrades in financial strength ratings.
- · No specific financial figures (revenue, net income, debt amounts) are disclosed in this filing; it is a procedural registration statement for a debt exchange.
09-09-2026
Andretti Acquisition Corp. II filed an 8-K on September 9, 2026, announcing an amendment to its articles of association that extends the deadline to complete a business combination to 36 months from its IPO. This provides the SPAC more time to find and close a merger target, reducing the risk of liquidation. No financial results, acquisition, or new quantitative data were disclosed in this filing.
- · The deadline for a business combination was extended from 12 months (standard for most SPACs) to 36 months from IPO consummation, subject to possible further extension via a special resolution of members.
09-09-2026
TMC the metals Co Inc. (Ticker: TMCWW) filed a Form 25-NSE with the SEC on September 9, 2026, to delist its warrants expiring September 9, 2026 from The Nasdaq Stock Market. The delisting is pursuant to SEC Rule 17 CFR 240.12d2-2(a)(2), which typically applies when the entire class of securities is redeemed, matured, or has reached its expiration date. This filing indicates the warrants have reached their expiration and will no longer trade on Nasdaq.
- · The delisting is effective as of September 9, 2026.
- · The filing was submitted by Nasdaq Stock Market LLC on behalf of TMC.
- · The warrants are identified by SEC file number 001-39281.
- · The company was formerly known as Sustainable Opportunities Acquisition Corp. until January 2, 2020.
09-09-2026
Barinthus Biotherapeutics plc filed a Form 25 with the SEC on September 9, 2026, to voluntarily withdraw its American Depositary Shares from listing and registration on the exchange under 17 CFR 240.12d2-2(c). The filing, certified by CEO William Enright, indicates the company has complied with exchange rules for removal.
- · The delisting is voluntary, not an involuntary removal by the exchange.
- · The filing cites compliance with 17 CFR 240.12d2-2(c) (issuer-voluntary withdrawal) rather than exchange-driven actions.
- · No financial metrics or prior trading data are provided in the filing.
09-09-2026
Barinthus Biotherapeutics plc was acquired by Beacon Topco, Inc. via a court-sanctioned scheme of arrangement effective September 9, 2026, becoming a wholly-owned subsidiary of Topco. Shareholders received 0.111 shares of Topco common stock per Barinthus ordinary share, and the company's ADSs were delisted from Nasdaq with plans to deregister and suspend SEC reporting obligations. The transaction marks a change in control and termination of material agreements, including the ADS deposit agreement.
- · The Merger Agreement was originally dated September 29, 2025, and amended on February 22, 2026.
- · The High Court of Justice of England and Wales sanctioned the Scheme on September 1, 2026.
- · The Court Order was delivered to the Registrar of Companies on September 9, 2026, making the Scheme effective.
- · Company equity awards (options and RSUs) were converted into Topco common stock equivalents on the same terms.
- · The company intends to file a Form 15 to suspend reporting obligations under Sections 13 and 15(d) of the Exchange Act.
09-09-2026
Iveda Solutions received a second 180-day grace period from Nasdaq, extending the deadline to March 1, 2027, to regain compliance with the minimum $1.00 bid price rule. The company had previously failed to meet the requirement by the original September 2, 2026 deadline and is considering a reverse stock split as a potential cure. There is no guarantee of regaining compliance, and failure to do so by March 1, 2027, will result in delisting.
- · The original compliance deadline was September 2, 2026.
- · The new compliance deadline is March 1, 2027.
- · The company may be delisted during the grace period for failure to maintain any other listing requirement.
- · The company may consider a reverse stock split to regain compliance.
09-09-2026
Lincoln National Corporation announced the final results of its concurrent tender offers to purchase up to $500,000,000 in aggregate Liquidation Preference of its outstanding depositary shares representing Series C and Series D preferred stock. The offers expired on September 8, 2026, and the company issued a press release on September 9, 2026, detailing the results. No specific acceptance or proration figures are provided in this amendment, but the filing confirms the offers have been completed.
- · The tender offers expired at 5:00 p.m., New York City time, on Tuesday, September 8, 2026.
- · This is Amendment No. 1 to the Schedule TO, originally filed on August 10, 2026.
- · The press release announcing the results is filed as Exhibit (a)(5)(ii) and incorporated by reference.
- · The filing is a final amendment reporting the results of the tender offer.
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