ACCURAY INC (ARAY): Form 8-K filed 2026-11-13
- Accepted by EDGAR
- 2026-11-13 17:01 ET
- Event date
- 2026-11-06
- Accession no.
- 0001437749-26-036943
- Original filing
- SEC EDGAR filing index
AI summary of the filing text. It can contain mistakes; the original filing is authoritative.
Accuray closes $55.0 million preferred stock financing and completes 1-for-40 reverse stock split
Accuray closed its preferred stock financing with TCW, comprising $15.0 million in cash and conversion of $40.0 million of existing indebtedness. The company also disclosed a 1-for-40 reverse stock split effective November 9, 2026, and cancellation of warrants covering approximately 27.6 million pre-split common shares.
- Accuray issued 55,000 shares of Series A Convertible Preferred Stock on November 13, 2026.
- The $55.0 million purchase price comprised $15.0 million in cash and conversion of $40.0 million of existing indebtedness.
- Preferred shares accrue dividends at 8% per annum and have an initial conversion price of $20.00 per share.
- Certain term-loan financial covenants are waived through December 31, 2027.
financingequity offeringdebt
Items reported
- Item 3.02: Unregistered Sales of Equity Securities
The company sold equity securities in a transaction not registered under the Securities Act, such as a private placement, above a size threshold. - Item 3.03: Material Modifications to Rights of Security Holders
The rights of holders of a class of the company's securities were materially modified, for example by a charter amendment, a rights plan or a reverse stock split. - Item 5.03: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
The company amended its articles of incorporation or bylaws without a shareholder vote that was previously disclosed, or changed its fiscal year. - Item 7.01: Regulation FD Disclosure
The company is making information public under Regulation FD, which requires broad public disclosure of material information shared with certain market participants. Investor presentations and press releases are common. Like Item 2.02, this information is generally "furnished" rather than "filed". - Item 9.01: Financial Statements and Exhibits
Lists the financial statements, pro forma information and exhibits filed with the report. It almost always accompanies another Item and is rarely news on its own.
Documents
| Type | Description | Document |
|---|---|---|
| 8-K | FORM 8-K | aray20261111_8k.htm |
| EX-3.1 | EXHIBIT 3.1 | ex_1043813.htm |
| EX-3.2 | EXHIBIT 3.2 | ex_1043814.htm |
| EX-3.3 | EXHIBIT 3.3 | ex_1043815.htm |
| EX-99.1 | EXHIBIT 99.1 | ex_1043816.htm |
The summary above was generated by AI from the filing text and checked automatically against it. Read the original documents on SEC EDGAR. How to read an 8-K.