Executive Summary
Overnight SEC filings reveal a market bifurcated between strong operational performance in select industrial and commodity sectors and significant headwinds in consumer staples, airlines, and technology. Cal-Maine Foods' 49.9% YoY revenue decline and net loss highlight a severe egg industry oversupply, while Southern Copper's record 40.6% revenue growth and 71.6% net income surge underscore a commodity super-cycle.
Insider selling is pronounced, with United Airlines' CEO selling $18.8M in stock and multiple director-level sales at Western Digital and Kaspi.kz, signaling management caution. Conversely, SK hynix's $5.1B AI memory investment and monday.com's strategic restructuring (20% workforce cut) point to aggressive positioning for AI-driven growth. Capital allocation trends are mixed: Cal-Maine repurchased $30.1M in shares despite losses, while Banco Santander's record H1 profit was offset by rising provisions. Portfolio-level patterns show a clear divergence between commodity producers (copper, iron ore) benefiting from price inflation and consumer-facing companies (eggs, airlines) facing demand normalization. The most critical development is the Braskem debt restructuring impasse, where holders proposed ~R$50B in terms deemed 'far from acceptable,' posing a systemic risk to Brazilian credit markets.
Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →
Filing types in this digest: Form 4 · Schedule 13G · 13F · 8-K · 425 · 10-K · DEFA14A
Tracking the trend? Catch up on the prior US Pre-Market SEC Filings Roundup digest from July 14, 2026.
Investment Signals (11)
- Southern Copper ↓ (BULLISH)▲
Record Q2 net sales of $4.29B (+40.6% YoY) and net income of $1.67B (+71.6% YoY), with adjusted EBITDA margin expanding to 66.6% from 58.7%. Operating cash cost per pound of copper dropped to $0.05 from $0.63 YoY.
- SK hynix ↓ (BULLISH)▲
Board approved $5.1B investment for P&T7 AI memory facility, representing 5.88% of total equity. This aggressive capacity expansion signals strong demand visibility for HBM and AI memory.
- Banco Santander ↓ (MIXED)▲
Record H1 underlying profit of €7.3B (+15% YoY), revenue up 6% to €30.8B, and underlying RoTE improved to 15.6%. However, net loan-loss provisions increased 9% and cost of risk remains elevated at 1.15%.
- United Airlines ↓ (BEARISH)▲
CEO Scott Kirby sold 159,321 shares for $18.8M at $118.05, exercising options at $58.69. This represents a significant insider liquidation, potentially signaling peak earnings view.
- Cal-Maine Foods ↓ (MIXED)▲
Q4 net sales fell 49.9% YoY to $552.6M with a net loss of $35.9M, driven by historically low egg prices. However, Prepared Foods segment sales surged 3,760% YoY to $60.4M, and the company repurchased $30.1M in shares.
- monday.com ↓ (BULLISH)▲
Announced restructuring with 20% workforce reduction, expecting $45-55M in charges, but raised non-GAAP operating margin guidance to ~15% from ~13%. Revenue growth maintained at 19-20%.
- Western Digital ↓ (BEARISH)▲
Chief Legal Officer Cynthia Tregillis had 1,309 shares withheld for taxes at $487.42 (~$638K) and sold 808 shares at $529.63 (~$428K). Insider selling at elevated prices suggests valuation concerns.
- Vale S.A. ↓ (BULLISH)▲
Q2 iron ore production up 0.8% YoY to 84.3 Mt, copper up 6.3% to 98.4 kt, and nickel up 4.2% to 42.0 kt. Full-year guidance maintained at 335-345 Mt iron ore.
- Braskem ↓ (BEARISH)▲
Foreign debt holders proposed ~R$50B restructuring terms that Braskem deemed 'far from acceptable.' Negotiations ongoing with no resolution, creating significant uncertainty.
- Flywire Corp ↓ (BEARISH)▲
Temasek Holdings reduced stake below 5% threshold, now owning 3.5% of shares. This is a notable de-risking by a sophisticated long-term investor.
- Kioni Holdings ↓ (BULLISH)▲
FY2025 revenue surged 704% to $504,684 from $62,769, swinging from a net loss of $96,041 to a net profit of $328,025. Cash from operations turned positive at $249,667.
Risk Flags (10)
- Cal-Maine Foods/Industry Oversupply↓ [HIGH RISK]▼
Conventional Shell Eggs segment swung from $370.5M operating income to a $40.6M operating loss YoY. Specialty Shell Eggs operating income fell 79.9% YoY. The egg industry faces structural oversupply with no near-term catalyst for price recovery.
- Braskem/Debt Restructuring Impasse↓ [HIGH RISK]▼
Holders of ~R$50B in foreign debt presented terms 'far from acceptable' to the company. With negotiations ongoing and no resolution, the risk of a disorderly restructuring or default is elevated.
- United Airlines/Insider Liquidation↓ [HIGH RISK]▼
CEO Scott Kirby sold 100% of his exercisable options (159,321 shares) for $18.8M, leaving him with 797,851 shares. This is the largest insider sale in the batch and suggests management sees limited upside.
- Otis Worldwide/New Equipment Margin Collapse↓ [HIGH RISK]▼
New Equipment segment operating profit plunged 41% to $40M, with margin contracting 220 bps to 3.1%. Orders down 5% at constant currency, with Asia Pacific down >20% and China down high teens.
- Picard Medical/Reverse Stock Split↓ [HIGH RISK]▼
1-for-50 reverse split effective July 31, 2026, with no fractional shares issued. This is a classic distress signal for a micro-cap struggling to maintain Nasdaq listing compliance.
- NEXT-ChemX/Change of Control & Debt Default↓ [HIGH RISK]▼
Issued 80,000 Series B Preferred shares giving two investors 58% voting control. Company remains in default on $1.61M total debt, with note holders only extending maturities to December 31, 2026.
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NAV declined 54% under Octagon's watch, with CLO equity returning negative 15% in Q1 2026. Shareholder vote on July 30 to replace sub-adviser, but Octagon is opposing.
- MeiraGTx/CFO Selling↓ [MODERATE RISK]▼
CFO & COO Richard Giroux sold 56,000 shares at $12.51 (~$701K) under a 10b5-1 plan. While pre-planned, the size of the sale (6% of holdings) warrants monitoring.
- RedCloud Holdings/CFO Resignation & Dilution↓ [MODERATE RISK]▼
CFO Raju Datla resigned effective July 31, 2026, with no disagreement cited. Concurrently, the company entered an ATM offering for up to $6.7M, which will dilute existing shareholders.
- Banco Santander/Q2 Profit Decline↓ [MODERATE RISK]▼
Attributable profit fell 35.5% QoQ to €3,518M, driven by non-recurrence of €1,895M discontinued operations gain. CET1 ratio declined to 14.0% from 14.4%.
Opportunities (9)
- Southern Copper/Tia Maria Project↓ (OPPORTUNITY)◆
Issued $1.25B in 10-year notes at 5.35% to fund the Tía Maria project, which is 42% complete and expected to begin production in 2H27. With copper prices elevated and operating costs near zero ($0.05/lb), this is a high-ROI growth catalyst.
- SK hynix/AI Memory Capacity↓ (OPPORTUNITY)◆
The $5.1B P&T7 facility investment is a direct bet on sustained AI memory demand. With HBM3E and next-gen memory in high demand, this capacity expansion positions SK hynix to capture incremental market share.
- Cal-Maine Foods/Strategic Transformation↓ (OPPORTUNITY)◆
Prepared Foods segment grew 3,760% YoY to $60.4M, now 10.9% of Q4 sales. The $54M capacity expansion (30% increase) and additional Eggland's Best territory acquisition signal a pivot to higher-margin value-added products.
- monday.com/AI Restructuring↓ (OPPORTUNITY)◆
The 20% workforce reduction and raised non-GAAP operating margin guidance to ~15% (from ~13%) suggest the restructuring will drive meaningful margin expansion. With revenue growth maintained at 19-20%, this is a classic margin expansion story.
- Vale S.A./Production Growth Across Segments↓ (OPPORTUNITY)◆
Iron ore, copper, and nickel all posted YoY production increases. The S11D mine achieved record Q2 output of 23.4 Mt, and the Southeastern System grew 15.6% YoY. With full-year guidance maintained, Vale is well-positioned for commodity demand.
- Kioni Holdings/Turnaround↓ (OPPORTUNITY)◆
Revenue surged 704% YoY, net income swung from -$96K to +$328K, and cash from operations turned positive at $249,667. With operating expenses nearly flat, the operating leverage is significant.
- ASP Isotopes/Helium Merger↓ (OPPORTUNITY)◆
The Virginia Gas Project has 3% helium concentration (vs. 0.04% industry average), with contract prices exceeding $600/Mcf. The planned Nasdaq listing of Noble Africa could unlock significant value, though pre-development risk remains.
- Passage Bio/Remix Merger↓ (OPPORTUNITY)◆
The combined company will focus on Remix's RNA-modulating platform targeting 'undruggable' diseases, with cash funding operations into 2028. The concurrent private placement suggests institutional support for the merger thesis.
- Banco Santander/ONE Transformation↓ (OPPORTUNITY)◆
Total costs were flat (down 2% in constant euros excluding TSB), while revenue grew 6%. The TSB acquisition added 4M+ customers. Underlying EPS grew 20% YoY, and TNAV plus cash dividend per share increased 19%.
Sector Themes (6)
- Commodity Super-Cycle Continues◆
Southern Copper (revenue +40.6% YoY, net income +71.6% YoY) and Vale (production up across all segments) demonstrate strong commodity demand. Southern Copper's operating cash cost per pound dropping to $0.05 (from $0.63) highlights the operating leverage in the sector. Implication: Commodity producers with low-cost operations are generating exceptional cash flows.
- AI Infrastructure Investment Accelerates◆
SK hynix's $5.1B facility investment and monday.com's AI-driven restructuring (20% workforce reduction) show the dual nature of AI investment: massive capex for hardware providers and operational transformation for software companies. Implication: AI is driving both capital spending and efficiency gains across the tech stack.
- Insider Selling at Elevated Levels◆
United Airlines CEO ($18.8M), Western Digital CLO ($638K), Kaspi.kz director ($1.8M across 4 trades), and MeiraGTx CFO ($701K) all sold significant positions. Only one insider buy (KIDOZ chairman bought $294 worth). Implication: Management teams are de-risking personal portfolios, suggesting limited near-term upside conviction.
- Consumer Staples Under Severe Pressure◆
Cal-Maine Foods' 49.9% revenue decline and net loss contrast sharply with the commodity sector's strength. The egg industry oversupply is structural, with no near-term catalyst for recovery. Implication: Consumer staples companies exposed to commodity price cycles face significant earnings risk.
- Debt Restructuring and Distress Signals◆
Braskem (~R$50B debt impasse), NEXT-ChemX (change of control, $1.61M default), and Picard Medical (reverse split) all signal financial distress. XAI Octagon's 54% NAV decline adds to the theme. Implication: Credit markets are bifurcating, with weaker issuers facing refinancing challenges.
- Capital Allocation Divergence◆
Cal-Maine repurchased $30.1M in shares despite a net loss, while Southern Copper issued $1.25B in debt to fund growth. SK hynix is investing heavily in capacity, while monday.com is cutting costs. Implication: Companies are making starkly different capital allocation decisions based on their industry cycle position.
Watch List (8)
- Braskem/Debt Restructuring↓ (HIGH PRIORITY)👁
Negotiations with foreign debt holders over ~R$50B in debt. Watch for any resolution or escalation to default. Next filing expected within 30 days.
- 👁
Special meeting on July 30, 2026, to vote on replacing sub-adviser Octagon with Rockford Tower. ISS recommends 'FOR,' but Octagon is opposing. Outcome will determine fund strategy.
- Cal-Maine Foods/Earnings Call↓ (MODERATE PRIORITY)👁
Q4 FY2026 results showed severe egg price weakness. Watch for guidance on Q1 FY2027 pricing trends and Prepared Foods segment growth trajectory.
- SK hynix/Intel Ohio Campus Speculation↓ (MODERATE PRIORITY)👁
Company clarified it has not pursued acquisition of Intel's Ohio facility, but the media report suggests ongoing strategic review. Watch for any formal M&A announcement.
- Southern Copper/Tia Maria Project Progress↓ (MODERATE PRIORITY)👁
Project is 42% complete with production expected in 2H27. Watch for construction milestones and any permitting delays.
- NEXT-ChemX/Debt Maturity↓ (HIGH PRIORITY)👁
Note holders extended maturities to December 31, 2026, but company acknowledges it will again be in default shortly. Watch for further restructuring or potential bankruptcy filing.
- RedCloud Holdings/CFO Transition & ATM Usage↓ (MODERATE PRIORITY)👁
CFO resigns July 31, 2026, and ATM program allows up to $6.7M in share sales. Watch for new CFO appointment and pace of ATM utilization.
- ASP Isotopes/Merger Completion↓ (LOW PRIORITY)👁
Merger to list Noble Africa on Nasdaq is subject to regulatory and shareholder approvals. Watch for definitive agreement and timeline.
Filing Analyses
(50)
21-07-2026
Chief Legal Officer & Corp Sec Tregillis Cynthia L had withheld for taxes 1,309 Common Stock at $487.42 (~$638K). 4 transactions reported in total. Tregillis Cynthia L holds 114,539 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · Chief Legal Officer & Corp Sec Tregillis Cynthia L exercised/converted 13 Common Stock
- · Chief Legal Officer & Corp Sec Tregillis Cynthia L had withheld for taxes 1,309 Common Stock at $487.42 (~$638K)
- · Chief Legal Officer & Corp Sec Tregillis Cynthia L sold 808 Common Stock at $529.63 (~$428K)
- · Chief Legal Officer & Corp Sec Tregillis Cynthia L exercised/converted 13.1971 Dividend Equivalent Rights
21-07-2026
President and CEO Talluri Rajendra K had withheld for taxes 17,651 Common Stock at $4.72 (~$83.3K). Talluri Rajendra K holds 2,962,673 shares after the transaction.
- · President and CEO Talluri Rajendra K had withheld for taxes 17,651 Common Stock at $4.72 (~$83.3K)
21-07-2026
Director Herrmann Ken sold 3,506 Common Stock at $24.56 (~$86.1K). 6 transactions reported in total. Herrmann Ken holds 1,350 shares after the transaction.
- · Director Herrmann Ken exercised/converted 3,506 Common Stock at $0.08 (~$280)
- · Director Herrmann Ken exercised/converted 1,350 Common Stock at $1.91 (~$2.58K)
- · Director Herrmann Ken sold 3,506 Common Stock at $24.56 (~$86.1K)
- · Director Herrmann Ken sold 1,350 Common Stock at $24.56 (~$33.2K)
- · Director Herrmann Ken exercised/converted 3,506 Stock Option (Right to Buy)
- · Director Herrmann Ken exercised/converted 1,350 Stock Option (Right to Buy)
21-07-2026
CLO & Corporate Secretary Schulman Robin was awarded 78,125 Class A Common Stock. Schulman Robin holds 78,125 shares after the transaction.
- · CLO & Corporate Secretary Schulman Robin was awarded 78,125 Class A Common Stock
21-07-2026
Director MOMTAZEE JAMES C was awarded 405 Common Shares. MOMTAZEE JAMES C holds 109,810 shares after the transaction.
- · Director MOMTAZEE JAMES C was awarded 405 Common Shares
21-07-2026
Director Epperly Melissa B, was awarded 543 Common Shares. Epperly Melissa B, holds 17,017 shares after the transaction.
- · Director Epperly Melissa B, was awarded 543 Common Shares
21-07-2026
Director Oren Ilan was awarded 775 Common Shares. Oren Ilan holds 121,004 shares after the transaction.
- · Director Oren Ilan was awarded 775 Common Shares
21-07-2026
Chief Executive Officer KIRBY J SCOTT sold 159,321 Common Stock at $118.05 (~$18.8M). KIRBY J SCOTT holds 797,851 shares after the transaction.
- · Chief Executive Officer KIRBY J SCOTT exercised/converted 159,321 Common Stock at $58.69 (~$9.35M)
- · Chief Executive Officer KIRBY J SCOTT sold 159,321 Common Stock at $118.05 (~$18.8M)
- · Chief Executive Officer KIRBY J SCOTT exercised/converted 159,321 Stock Option (Right to Buy)
21-07-2026
Director Kim Vyacheslav sold 8,001 American Depositary Shares, no par value at $87.46 (~$700K). 4 transactions reported in total. Trades executed under a Rule 10b5-1 plan.
- · Director Kim Vyacheslav sold 5,223 American Depositary Shares, no par value at $86.35 (~$451K)
- · Director Kim Vyacheslav sold 8,001 American Depositary Shares, no par value at $87.46 (~$700K)
- · Director Kim Vyacheslav sold 7,411 American Depositary Shares, no par value at $88.36 (~$655K)
- · Director Kim Vyacheslav sold 3,039 American Depositary Shares, no par value at $89.24 (~$271K)
21-07-2026
CFO & COO Giroux Richard sold 56,000 Ordinary Shares at $12.51 (~$701K). Giroux Richard holds 908,530 shares after the transaction. Trades executed under a Rule 10b5-1 plan.
- · CFO & COO Giroux Richard sold 56,000 Ordinary Shares at $12.51 (~$701K)
21-07-2026
Chairman Williams Tryon M bought 2,500 Common Stock at $0.12 (~$294). Williams Tryon M holds 16,625,066 shares after the transaction.
- · Chairman Williams Tryon M bought 2,500 Common Stock at $0.12 (~$294)
21-07-2026
Atsion Asset Management LLC and related entities (Camac Fund, LP, Camac Partners, LLC, Camac Capital, LLC, and individuals John Salemi and Eric Shahinian) filed a Schedule 13G/A disclosing beneficial ownership of 1,494,101 shares of FG Merger II Corp. (now BOXABL Inc.) common stock, representing 0.4% of the outstanding shares. The filing indicates passive investment intent with no aim to control the issuer.
- · The filing is an amendment (Schedule 13G/A) filed on July 21, 2026, with an event date of July 17, 2026.
- · All reporting entities share the same address: 35 Grove Street, Apt 6E, New York, NY 10014 (for Atsion and Salemi) and 1601-1 N. Main Street #3159, SMB#92283, Jacksonville, FL 32206 (for Camac entities and Shahinian).
- · The filing certifies that the securities were not acquired with the purpose of changing or influencing control of the issuer.
22-07-2026
E Fund Management (Hong Kong) Co., Ltd. filed its quarterly 13F-HR for the period ending June 30, 2026, disclosing a portfolio of 551 equity holdings with a total market value of approximately $3.015 billion. The filing shows a diversified portfolio with significant positions in technology (Apple, Microsoft, Nvidia, Broadcom, Amazon, Alphabet, Meta), gold miners (Agnico Eagle, Barrick, Newmont), and select Chinese ADRs (Full Truck Alliance, Hello Group, H World Group).
- · Top holdings by market value include Apple ($11.06M), Microsoft ($10.82M), Nvidia ($9.89M), Amazon ($7.46M), and Broadcom ($6.24M).
- · Significant gold mining exposure: Agnico Eagle ($2.34M), Barrick Gold ($1.84M), Newmont ($1.22M), Harmony Gold ($292K), Gold Fields ($906K).
- · Large positions in Chinese ADRs: Full Truck Alliance ($2.25M), Hello Group ($538K), H World Group ($3.04M), Autohome ($530K).
- · Portfolio includes 551 unique equity positions as of June 30, 2026.
22-07-2026
Cal-Maine Foods reported a sharp decline in fiscal Q4 2026 results, with net sales falling 49.9% YoY to $552.6 million and a net loss of $35.9 million, driven by historically low egg prices due to industry oversupply. However, the company is executing a strategic transformation: it acquired additional Eggland's Best® franchise territory in the Northeast and announced a $54 million investment to expand Prepared Foods capacity by 30%, while its Specialty Shell Eggs and Prepared Foods segments combined grew to 53.0% of Q4 net sales. Despite the downturn, the company maintained a strong balance sheet and repurchased $30.1 million in shares during the quarter.
- · Prepared Foods segment sales grew to $60.4 million in Q4 FY2026 from $1.6 million in Q4 FY2025, a 3,760% increase, driven by acquisitions and capacity expansion.
- · Conventional Shell Eggs segment reported an operating loss of $40.6 million in Q4 FY2026, compared to operating income of $370.5 million in Q4 FY2025.
- · Specialty Shell Eggs segment operating income fell 79.9% YoY to $17.5 million in Q4 FY2026.
- · Prepared Foods segment achieved a 14.6% operating margin in Q4 FY2026, up from -41.3% in Q4 FY2025.
- · No cash dividend will be paid for Q4 FY2026 due to cumulative net loss of $35.9 million under the variable dividend policy.
- · Urner Barry market prices averaged $0.72 per dozen in the first five weeks of Q1 FY2027, approximately 54% below the comparable period in Q4 FY2026, but have since increased by over 90% in a few weeks.
- · The company's share repurchase program has $320.7 million remaining out of a $500 million authorization.
22-07-2026
Banco Santander reported strong H1 2026 results with underlying profit before tax up 10.8% YoY to €10,347 million and underlying attributable profit up 14.9% YoY to €7,328 million. However, Q2 2026 attributable profit fell sharply by 35.5% QoQ to €3,518 million, primarily due to a €1,895 million gain from discontinued operations in Q1 2026 that did not recur. Net interest income grew 6.1% QoQ and 7.1% YoY in H1, while the CET1 ratio declined to 14.0% from 14.4% in March 2026.
- · Net fee income grew 4.1% QoQ and 8.0% YoY in H1 2026.
- · Gains or losses on financial assets and liabilities dropped 87.6% QoQ to €81 million.
- · Dividend income surged 493.3% QoQ to €534 million.
- · Share of results of entities accounted for using the equity method fell 47.9% QoQ.
- · Provisions or reversal of provisions increased 28.8% QoQ and 72.9% YoY.
- · Impairment on other assets (net) declined 63.6% QoQ.
- · Profit from discontinued operations was nil in Q2 2026 vs €1,895 million in Q1 2026.
- · Tangible book value per share was €6.32 as of June 2026, up from €6.13 in March 2026 and €5.50 in June 2025.
- · Price / Tangible book value per share was 1.91x as of June 2026.
- · Average total assets for H1 2026 were €1,885,415 million, up 2.7% YoY.
- · Average stockholders' equity for H1 2026 was €107,848 million, up 7.1% YoY.
22-07-2026
SuperX AI Technology Ltd filed an amendment (Form 6-K/A) to correct a typographical error on the cover page of its original Form 6-K filed July 21, 2026. The original report incorrectly listed the date of report as June 21, 2026; the correct date is July 21, 2026. No other changes were made, and no new events or financial data are disclosed.
- · The amendment corrects only a typographical error on the cover page (date of report changed from June 21, 2026 to July 21, 2026).
- · The filing is identical to the original report in all other respects and does not reflect any events after July 21, 2026.
22-07-2026
Otis Worldwide reported Q2 2026 net sales of $3.9B, up 7% YoY, driven by strong Service sales growth of 11% (organic +9%), matching the highest level since spin. However, adjusted operating profit declined $25M to $587M, and adjusted EPS fell 4% to $1.01, as growth in Service was more than offset by a decline in New Equipment, where segment operating profit plunged 41% to $40M and margin contracted 220 bps to 3.1%.
- · New Equipment orders were down 5% at constant currency, with a greater than 20% decline in Asia Pacific and a high teens decline in China.
- · New Equipment backlog increased 3% at actual currency and 4% at constant currency.
- · Service segment operating profit margin contracted 170 bps to 23.2%.
- · GAAP operating profit margin contracted 30 bps to 14.9%.
- · First half 2026 adjusted free cash flow was $562M, up from $429M in the prior year.
- · Full year 2026 outlook: Net sales $15.1B to $15.3B, adjusted EPS $4.01 to $4.05, adjusted free cash flow $1.50B to $1.55B.
- · Organic New Equipment sales expected down low single digits to flat for full year 2026.
- · Organic Service sales expected up mid to high single digits for full year 2026.
22-07-2026
Sumitomo Mitsui DS Asset Management Company, Ltd filed a Form 13F-HR reporting its institutional holdings as of 06-30-2026, submitted on 07-22-2026. The filing lists numerous equity positions (shares held) across hundreds of U.S. securities (examples include 1,743,929 shares of AMAZON COM INC, 2,368,177 shares of APPLE INC, 872,690 shares of COCA COLA CO), showing large concentrated holdings in major technology, financial and consumer names; no dollar values or portfolio totals are provided in the filing, so period-over-period percentage change cannot be calculated from this document alone. However, the report is a standard quarterly holdings disclosure and does not indicate acquisitions, disposals, or regulatory enforcement in itself.
- · Form type: 13F-HR filed for period ended 06-30-2026; filed date 07-22-2026; filer CIK 0001411530.
- · Business address: TORANOMON HILLS BUSINESS TOWER 26F, 1-17-1 TORANOMON, MINATO-KU, TOKYO M0 105-6426; phone 81-3-6205-1992.
- · The information table records share counts (not dollar values) for each security and indicates voting authority as 'SOLE' for the positions shown.
- · Examples from the holdings list (share counts shown exactly as reported): AMAZON COM INC 1743929 SH, APPLE INC 2368177 SH, ALPHABET INC CAP STK CL A 1273877 SH, ALPHABET INC CAP STK CL C 805367 SH, BROADCOM INC 756199 SH, CISCO SYS INC 938596 SH, BANK OF AMER CORP 1465447 SH.
- · Filing does not provide aggregate portfolio market value or comparative prior-period holdings in the provided excerpt, so YoY/QoQ changes cannot be derived from this document alone.
22-07-2026
Equinor ASA filed a Form 6-K with the SEC on July 22, 2026, attaching a press release as Exhibit 99.1. The filing does not disclose any specific financial figures or performance data, so no positive, negative, or flat metrics are available to report.
- · Filing is a Form 6-K for the month of July 2026 with Commission File Number 1-15200.
- · Exhibit 99.1 contains a press release dated July 22, 2026, incorporated by reference.
- · Signed by Chief Financial Officer Torgrim Reitan on July 22, 2026.
22-07-2026
Equinor ASA filed a Form 6-K with the SEC on July 22, 2026, attaching a press release issued the same day. The filing is a routine foreign issuer report and does not contain specific financial figures or performance data, so no quantitative comparisons are available.
- · Filing type: Form 6-K (foreign private issuer report)
- · Commission file number: 1-15200
- · Press release dated July 22, 2026, attached as Exhibit 99.1
- · Signed by CFO Torgrim Reitan
22-07-2026
SK hynix Inc. announced a KRW 7,093,100,000,000 (approximately USD 5.1B) investment to construct the P&T7 facility in Cheongju, Korea, to meet global AI memory semiconductor demand. The board resolved on July 22, 2026, to increase the investment amount and accelerate the cleanroom opening schedule. The investment period runs from November 26, 2025, to December 31, 2032, and represents 5.88% of the company's total equity as of December 31, 2025.
- · The board resolution was made at the 8th Board of Directors Meeting of 2026 on July 22, 2026.
- · All 6 independent directors were present; none absent.
- · The investment amount and end date are subject to change based on progress and business environment.
- · The investment is classified as a large-scale corporation investment.
22-07-2026
monday.com announced a restructuring plan on July 22, 2026, to align with its AI Work Platform strategy, including a 20% workforce reduction. The company expects $45-$55 million in net charges, but raised its non-GAAP operating margin guidance to ~15% for FY2026, up from ~13% previously, while maintaining revenue growth of 19%-20% and adjusted free cash flow margin of 19%-20%.
- · The restructuring plan includes a reduction of approximately 20% of the current workforce.
- · The company expects to continue hiring in key strategic areas throughout 2026.
- · The majority of restructuring charges are expected to be recognized in the second half of 2026.
- · Full-year 2026 projections for Non-GAAP Operating Margin and Adjusted Free Cash Flow Margin exclude any estimated restructuring charges from the Plan.
- · The company expects its full-year 2026 financial results to be in-line with or above its guidance as provided on its fiscal 2026 first quarter earnings call.
22-07-2026
ATA Creativity Global (AACG) closed a private placement (PIPE) on July 21, 2026, issuing 45,306,732 restricted common shares at $0.46667 per share for gross proceeds of $21,145,961. The newly issued shares represent approximately 34.51% of the company's total voting power, and immediately after closing the company had 136,928,040.4387 common shares outstanding. The transaction was accompanied by an investor rights agreement granting co-sale and registration rights to certain existing shareholders.
- · The subscription agreement was entered into on May 6, 2026.
- · The investor is unaffiliated with the company.
- · Co-sale rights and demand/piggyback registration rights were granted to Mr. Zhang Parties, Mr. Ma Parties, and the Investor under the IRA.
- · The company is a Cayman Islands exempted company with principal executive offices in Hefei, Anhui, China.
22-07-2026
SK hynix Inc. issued a Form 6-K on July 22, 2026, to clarify a media report from Korea Joongang Daily that claimed the company is in talks to buy Intel's Ohio chip campus for U.S. memory production. The company stated that while it regularly reviews investment and acquisition opportunities, it has not pursued or made any determination regarding an acquisition of Intel's Ohio land and fabrication facility. This filing is a routine clarification and does not contain any financial results or material financial data.
- · The filing is a response to a July 22, 2026, Korea Joongang Daily article.
- · SK hynix clarifies it has not pursued or made any determination regarding the acquisition of Intel's Ohio land and fabrication facility.
- · The company states it reviews various investment and acquisition opportunities on an ongoing basis.
22-07-2026
Nomura Holdings Inc. filed a Form 6-K with the SEC on July 22, 2026, providing standard corporate profile information. The filing confirms Nomura is listed on the Tokyo Prime and Nagoya Premier exchanges, has over 1,000 employees and over 300 consolidated subsidiaries, and reports consolidated sales exceeding 1 trillion yen. The filing also includes definitions of 'Major Lender,' 'Major Business Partner,' and 'Certain Amount of Donation' for regulatory purposes.
- · Listed on Tokyo Prime and Nagoya Premier exchanges.
- · Fiscal year ends in March.
- · Industry classification: Securities and Commodity Futures.
- · Definitions provided for Major Lender, Major Business Partner, and Certain Amount of Donation.
22-07-2026
NEXT-ChemX Corporation (CHMX) disclosed a change of control on July 17, 2026, after issuing 80,000 Series B Preferred Shares to two accredited investors, Ann Mollicone and Arastou Mahjoory, in exchange for $400,000 in debt cancellation. The investors now hold approximately 58% voting control (40,000,000 votes) of the company. However, the company remains in default on $1.61 million in total debt (ten Series F convertible notes with $840,000 principal and seven promissory notes with $770,000 principal), and while note holders extended maturities to December 31, 2026, the company acknowledges it will again shortly be in default.
- · Each Series B Preferred Share is convertible into 500 common shares and carries 500 votes.
- · Series B Preferred Stock ranks senior to all common stock and any junior class of securities.
- · No dividends shall be paid on Series B Preferred Stock.
- · The Certificate of Designation was filed with the Nevada Secretary of State on June 29, 2026.
- · The Board of Directors unanimously passed a resolution on July 16, 2026, authorizing the new class of stock.
22-07-2026
Banco Santander reported record underlying profit of €7.3 billion in H1 2026, up 15% YoY, driven by strong customer growth and cost efficiencies from ONE Transformation. Revenue rose 6% to €30.8 billion, while total costs were flat (down 2% in constant euros excluding TSB). However, net loan-loss provisions increased 9% to €6.6 billion, and cost of risk remained elevated at 1.15%. The bank completed the acquisition of TSB in April, adding over 4 million customers, and reiterated its 2026 targets including mid-single-digit revenue growth and higher profit.
- · Underlying EPS grew 20% YoY.
- · Underlying RoTE improved to 15.6% (+0.7 ppts).
- · TNAV plus cash dividend per share increased 19%.
- · Efficiency ratio improved to 42.8% (2.9 ppts better).
- · Cost of risk stood at 1.15%.
- · NPL ratio improved to 2.93% (-7 bps QoQ).
- · CET1 ratio at 14.0% (including -55 bps from TSB acquisition).
- · Organic capital generation of 20 bps in Q2.
- · Total share buybacks delivered c.€9B towards €10B commitment for 2025-2026.
- · 2026 targets reaffirmed: mid-single-digit revenue growth, lower costs, higher profit than €14.1B in 2025, CET1 12.8-13%.
- · Medium-term targets (by 2028): RoTE >20%, profit >€20B, >210M customers.
- · AI generated €84M of business value in H1 2026.
- · Openbank's underlying profit affected by UK motor finance provisions and end of US EV tax incentives.
- · Payments EBITDA margin improved to 32.6% (+3.8 ppts).
- · Getnet Platforms processed 9B transactions, 5x more than a year earlier.
- · Ebury active customers grew 28% to over 28,000.
- · Wealth Management & Insurance AuMs reached record €581B.
- · Private Banking CAL grew 15%.
- · Insurance gross written premiums rose 11%.
- · Retail & Commercial Banking loans grew 9% (2% ex-TSB), deposits 13% (6% ex-TSB).
- · CIB revenue grew 16% YoY.
- · Openbank loans grew 3%, deposits 3%.
- · Non-recurring items included €1.9B capital gain from Poland disposal and €250M TSB restructuring costs.
- · Webster acquisition expected to impact CET1; bank positioned to meet year-end target at high end of 12-13% operating range.
22-07-2026
Woodside Energy Group Ltd filed a Form 6-K with the SEC on July 22, 2026, attaching an ASX announcement titled 'Sustainability Focus Session 2026'. The filing is a routine foreign issuer report and does not contain any financial results or material operational updates.
- · The filing is a Form 6-K under Rule 13a-16 or 15d-16 for the month of July 2026.
- · The attached ASX announcement is dated July 22, 2026.
- · No financial data, operational metrics, or forward-looking guidance are provided in this filing.
22-07-2026
ASP Isotopes Inc. (ASPI) is pursuing a merger to separately list its helium subsidiary, Noble Africa (formerly Renergen), on the Nasdaq. The Virginia Gas Project in South Africa, with 3% helium concentration (vs. industry average 0.04%), is positioned to benefit from a fifth global helium supply crisis, with contract prices already exceeding $600/Mcf. However, the project remains in pre-development for Phase 2 expansion, and the merger is subject to regulatory and shareholder approvals.
- · Helium is critical for MRI, semiconductor manufacturing, fiber optics, and space exploration (e.g., 11.7 tons per Falcon 9 launch).
- · The project's helium source originates from a 2-billion-year-old asteroid strike (Vredefort Dome), with shallow drilling depths of 350m to 1.5km.
- · A charged sandstone body was discovered in Q1 2026, providing high-volume, pressurized gas at shallow depths (300-450m).
- · The merger aims to create a pure-play helium company listed on Nasdaq, but the Phase 2 expansion is still in pre-development.
- · Geopolitical risks: Middle East crisis and Russian export controls are disrupting supply; Qatar's Ras Laffan complex suffered strikes and an explosion, with repair timelines of 12-24 months.
22-07-2026
Temasek Holdings and its affiliates (Fullerton, Hotham, Ossa) filed an amended Schedule 13G with the SEC on July 22, 2026, reporting that as of July 17, 2026, they collectively own 4,208,966 shares of Flywire Corp voting common stock, representing 3.5% of shares outstanding. This filing is voluntary and confirms that the group has ceased to own more than 5% of Flywire's voting stock, down from a prior above-5% stake.
- · The filing is an amendment to Schedule 13G, filed voluntarily to report that the group no longer owns more than 5% of Flywire's voting common stock.
- · Ossa Investments Pte. Ltd. directly owns the 4,208,966 shares; it is a wholly-owned subsidiary of Hotham, which is wholly-owned by Fullerton, which is wholly-owned by Temasek.
- · The percentage is based on 121,544,560 shares outstanding as of April 30, 2026, per Flywire's Form 10-Q filed May 6, 2026.
22-07-2026
Lakehouse Capital Pty Ltd filed a 13F-HR disclosing its US equity holdings as of 2026-06-30; the portfolio includes positions in 12 issuers such as MercadoLibre, Amazon, Sea Ltd, Alphabet (Class C), Visa, Veeva, Charles Schwab, ServiceNow, Workiva, Tradeweb, Workday, and Microsoft. Position sizes range from 3,035 shares (Charles Schwab) to 124,338 shares (ServiceNow); however the filing shows concentration in technology and digital commerce names while lacking cash/other asset detail.
- · Filing covers 13F holdings as of 2026-06-30 and was filed on 2026-07-22 (filed as of date 2026-07-22; date as of change 2026-07-21).
- · All reported holdings are listed as 'SOLE' ownership with zero shared or other manager holdings indicated.
- · The largest share-count position is SERVICENOW INC COM at 124,338 shares; second largest is WORKIVA INC CL A at 101,026 shares.
- · The smallest share-count position is SCHWAB CHARLES CORP COM at 32,894 shares by value but the smallest reported value field is 3035 for SCHWAB CHARLES CORP COM.
22-07-2026
Q Fund Management (Hong Kong) Ltd filed its quarterly 13F-HR report for the period ending June 30, 2026, disclosing a portfolio of 26 equity holdings with a total market value of approximately $109.5 million. The fund's largest positions include Intel Corp ($16.3M), Marvell Technology ($19.5M), and Micron Technology ($12.2M), reflecting a strong tilt toward semiconductor and technology stocks. No period-over-period comparisons are available as this is the fund's initial 13F filing.
- · Top 5 holdings by value: Marvell Technology ($19.5M), Intel Corp ($16.3M), SanDisk Corp ($15.0M), Astera Labs ($13.8M), Micron Technology ($12.2M).
- · Semiconductor/tech exposure is dominant: Intel, AMD, Applied Materials, Astera Labs, Lumentum, Marvell, Micron, SanDisk collectively represent over 80% of portfolio value.
- · Smallest positions include Microsoft Corp ($37,302), Domino's Pizza ($29,604), and Select Sector SPDR Energy ETF ($21,244).
- · All holdings are listed as sole voting and dispositive authority; no shared or non-dispositive positions.
22-07-2026
Passage Bio, Inc. (PASG) is pursuing a proposed merger with Remix Therapeutics, Inc., where Remix will merge into a wholly owned subsidiary of Passage Bio. The combined company will focus on Remix's RNA-modulating platform targeting 'undruggable' diseases, with lead candidate REM-422. The merger is subject to stockholder and regulatory approvals, and a concurrent private placement financing is planned; combined cash is expected to fund operations into 2028. However, the filing contains no specific financial figures for either company, and the transaction is subject to numerous risks and uncertainties, including potential failure to close.
- · The merger agreement was signed on June 24, 2026.
- · The combined company's cash is expected to fund operations into 2028.
- · A concurrent private placement financing is planned, but its consummation is a risk factor.
- · Holders of the Contingent Value Right (CVR) may never receive any payments.
- · The exchange ratio is subject to adjustment based on Passage Bio's net cash at closing.
- · The filing includes a corporate presentation by Remix dated July 21, 2026.
22-07-2026
RedCloud Holdings plc entered into an At The Market Offering Agreement with H.C. Wainwright & Co., LLC to sell up to $6.7 million of its ordinary shares through an ATM program. Concurrently, CFO Raju Datla resigned effective July 31, 2026, with no disagreement cited, and the company is searching for a replacement. The ATM provides potential capital but also dilutes existing shareholders, while the CFO departure introduces leadership uncertainty.
- · The ATM program is under a shelf registration statement (Form F-3, File No. 333-296836) declared effective on June 24, 2026.
- · Wainwright may sell shares on Nasdaq or in privately negotiated/block transactions with prior approval.
- · The company has no obligation to sell any shares and can suspend offers at any time.
- · CFO Raju Datla's resignation is effective July 31, 2026, and is not due to any disagreement with the company.
22-07-2026
Clinuvel Pharmaceuticals Limited announced that its American Depositary Shares (ADS) began trading on the Nasdaq on July 21, 2026. The filing is a Form 6-K submitted to the SEC, attaching a press release regarding the Nasdaq listing. No financial results or performance metrics were disclosed in this filing.
- · The ADS commenced trading on Nasdaq on July 21, 2026.
- · The filing is a Form 6-K for the month of July 2026.
- · The company's principal executive office is in Melbourne, Australia.
22-07-2026
Clinuvel Pharmaceuticals Limited filed a Form 6-K with the SEC on July 22, 2026, reporting that its American Depositary Shares (ADS) will commence trading on the Nasdaq. The filing attaches a press release dated July 20, 2026, which was previously announced on the Australian Securities Exchange.
- · The filing is made under Commission File Number 001-43353.
- · The company's principal executive office is located at Level 22, 535 Bourke Street, Melbourne, VIC 3000, Australia.
- · The Form 6-K is for the month of July 2026.
- · The registrant files annual reports under Form 20-F.
22-07-2026
Drive Wealth Management, LLC filed its Form 13F-HR for the quarter ended June 30, 2026, disclosing a portfolio of approximately $267.8 million in U.S. equity and fixed-income securities. The top holdings include iShares Core S&P 500 ETF ($26.8M), Vanguard FTSE Developed Markets ETF ($24.8M), and J.P. Morgan Betabuilders US ETF ($19.3M). The filing reflects a diversified strategy across ETFs, large-cap equities, and fixed-income products, with no prior-period comparison available.
- · The filing includes 13F combination report status, indicating the manager is filing on behalf of other managers (Parametric Portfolio Associates LLC, Townsquared Capital LLC, AQR Capital Management LLC).
- · All holdings are listed as sole voting and dispositive power, with no shared or other authority.
- · The portfolio includes a mix of U.S. and international equities, fixed-income ETFs, sector-specific ETFs, and alternative assets such as gold, silver, and bitcoin funds.
- · Notable individual stock holdings include Berkshire Hathaway ($4.0M), Apple ($4.0M), NVIDIA ($3.4M), Caterpillar ($3.0M), Alphabet ($2.6M), Microsoft ($2.4M), Exxon Mobil ($2.4M), Amazon ($2.0M), Meta ($1.8M), and CrowdStrike ($1.7M).
- · The filing does not provide prior quarter data, so period-over-period comparisons are not possible.
22-07-2026
Franchise GP Ltd filed its quarterly 13F-HR for the period ending June 30, 2026, disclosing 39 equity holdings with a total market value of approximately $215.2 million. The portfolio is heavily concentrated in technology and semiconductor stocks, with top positions including PDD Holdings (ADS), NVIDIA, Advanced Micro Devices, and Taiwan Semiconductor. The filing reflects a diversified mix of U.S. and international equities, with no options or convertible securities reported.
- · The largest single holding is PDD Holdings (ADS) valued at approximately $38.0 million, representing about 17.6% of the portfolio.
- · NVIDIA is the second-largest holding at $19.7 million, followed by Advanced Micro Devices at $21.7 million.
- · The portfolio includes exposure to digital assets via iShares Bitcoin Trust ETF ($8.3 million) and iShares Ethereum Trust ($0.2 million).
- · Real estate investment trusts (REITs) are represented by positions in Digital Realty, Equinix, Host Hotels, American Healthcare, VICI, Americold, CareTrust, Ventas, and Welltower.
- · All holdings are reported as sole voting and dispositive power, with no shared or other authority.
22-07-2026
Xena Financial Planning, LLC filed its quarterly 13F-HR for the period ending June 30, 2026, disclosing 38 equity holdings with a total market value of approximately $104.2 million. The portfolio is heavily weighted toward ETFs, with top positions in Vanguard S&P 500 ETF ($15.9M), SPDR Portfolio S&P 500 High Dividend ETF ($10.6M), and Apple Inc. ($10.6M). The filing provides a snapshot of the firm's U.S. and international equity and fixed-income exposure as of mid-2026.
- · Top 10 holdings account for approximately 70% of total portfolio value.
- · Largest single stock position is Apple Inc. at $10.6M (36,598 shares).
- · Portfolio includes significant ESG-themed ETFs across U.S., international, and fixed-income categories.
- · Filing was submitted on July 22, 2026, for the quarter ended June 30, 2026.
22-07-2026
Kioni Holdings Ltd filed an amended 10-K/A for FY2025, reporting a dramatic turnaround from a net loss of $96,041 in FY2024 to a net profit of $328,025 in FY2025. Revenue surged 704% to $504,684 from $62,769, driven by a $441,915 increase. However, the company's operating expenses remained nearly flat at $145,837, and the balance sheet shows a significant increase in trade receivables to $119,654, which may indicate a shift in payment terms or collection challenges.
- · The amendment was filed to include the auditor's report for FY2024, replacing the original 10-K filed on March 24, 2026.
- · The company generated $249,667 in cash from operations in FY2025, compared to a use of $179,113 in FY2024.
- · Accounts payables and accruals decreased 14.3% to $61,355 from $71,626.
- · Earnings per share (basic and diluted) was $0.33 in FY2025, versus a loss of ($0.10) in FY2024.
- · The company had no debt, as no interest was paid in either period.
- · The company is a non-accelerated filer, an emerging growth company, and a smaller reporting company.
22-07-2026
Romano Brothers and Company filed its quarterly 13F-HR report for the period ending June 30, 2026, disclosing a portfolio of 331 holdings with a total market value of approximately $994 million. The filing shows a diversified portfolio across sectors including technology, healthcare, financials, and energy, with top holdings in Microsoft, Apple, AbbVie, and Broadcom. No period-over-period comparisons are available as this is a single filing.
- · Filing date: July 22, 2026
- · Report period: June 30, 2026
- · Filer: Romano Brothers and Company, based in Evanston, IL
- · SEC file number: 028-22664
- · All holdings are listed with sole voting and dispositive power.
22-07-2026
Balance Wealth Partners LLC filed its quarterly 13F-HR for the period ending June 30, 2026, reporting a portfolio of 165 equity and ETF holdings with a total market value of approximately $376 million. The filing shows a diversified portfolio with significant allocations to fixed-income ETFs, large-cap U.S. equities, and sector-specific funds. No period-over-period comparisons are available as this is a standalone filing.
- · The filing includes 165 holdings with a total market value of $375,996,932.
- · Top holdings by value include Invesco QQQ Trust ($38.8M), Vanguard S&P 500 ETF ($33.8M), J.P. Morgan Equity Focus ETF ($22.0M), Vanguard Core-Plus Bond ETF ($16.0M), and Tidal Trust I Fund Gran US ETF ($13.9M).
- · The portfolio is diversified across U.S. equities, international equities, fixed income, and alternative ETFs.
- · Notable individual stock holdings include Microsoft ($3.2M), Apple ($3.4M), Alphabet Class C ($2.3M), Amazon ($2.2M), and NVIDIA ($1.8M).
- · The filing was submitted by Aryn Sands as agent for Balance Wealth Partners LLC.
22-07-2026
Southern Copper Corp reported record Q2 2026 net sales of $4,289.0M (+40.6% YoY) and record net income of $1,670.0M (+71.6% YoY), driven by higher metal prices. However, copper production declined 3.5% QoQ to 230,662 tonnes due to a 12.0% drop at Peruvian mines, and by-product production (silver, zinc, molybdenum) also fell in the quarter. The company issued $1.25B in 10-year notes at 5.35% to fund the Tía Maria project, which is 42% complete and expected to begin production in 2H27.
- · Q2 2026 net income margin improved to 38.9% from 31.9% in Q2 2025.
- · Adjusted EBITDA margin in Q2 2026 was 66.6% vs 58.7% in Q2 2025.
- · Operating cash cost per pound of copper (net of by-product credits) was $0.05 in Q2 2026, down 93% from $0.63 in Q2 2025; for 6M 2026 it was -$0.03, down 104.4% from $0.70 in 6M 2025.
- · 6M 2026 cash flow from operations was $3,683.0M, up 116.9% from $1,698.2M in 6M 2025.
- · Capital investments in Q2 2026 were $422.8M, up 79.4% YoY; 6M 2026 capital investments were $864.7M, up 56.2% YoY.
- · On June 24, 2026, the company issued $1.25B in 10-year senior unsecured notes at 5.35% due 2036, proceeds for Tia Maria project and SPCC capex.
- · Quarterly cash dividend of $1.10 per share and stock dividend of 0.0120 shares per share declared, payable August 27, 2026; total estimated dividend $3.23 per share.
- · Tia Maria project is 42% complete as of June 30, 2026; $1,101M committed, $693M invested; initial production expected 2H27.
- · Los Chancas project faces delays due to illegal miners; estimated investment $2.6B, production expected 2031.
- · Michiquillay project estimated investment $2.5B, production expected 2032.
- · El Pilar project (Mexico) expected to begin construction Q1 2027, production 2H29; investment $551M.
- · El Arco project (Mexico) dependent on Mexican government action for power transmission interconnection.
- · Mexican operations copper production rose 3.2% QoQ, but Peruvian mines dropped 12.0% QoQ due to lower ore grades.
- · By-product production declines: silver -3.8%, zinc -14.5%, molybdenum -11.0% in Q2 2026 vs Q2 2025.
- · On a YTD basis, silver production rose 3.3%, but zinc and molybdenum production fell 6.9% and 6.7% respectively.
- · Copper sales volumes declined 1.5% in Q2 2026 and 3.2% YTD vs prior periods.
22-07-2026
Picard Medical, Inc. filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation on July 21, 2026, to effect a 1-for-50 reverse stock split. The reverse stock split will become effective at 5:00 p.m. Eastern Daylight Time on July 31, 2026, and no fractional shares will be issued; instead, holders who would receive a fractional share will receive one whole share. This action was approved by the board and stockholders in accordance with Delaware law.
- · The reverse stock split is effective at 5:00 p.m. EDT on July 31, 2026.
- · No fractional shares will be issued; fractional entitlements will be rounded up to one whole share.
- · The amendment was adopted under Section 242 of the Delaware General Corporation Law.
- · The company originally incorporated as Picard Systems, Inc. on April 8, 2021.
22-07-2026
Braskem SA disclosed that holders of its foreign debt securities presented a new restructuring proposal covering approximately R$50 billion in debt. The company deemed the proposed terms 'far from acceptable,' indicating significant disagreement, and negotiations remain ongoing.
- · The proposal was presented by holders of Braskem's debt securities issued abroad.
- · Braskem characterized the proposed terms as 'far from acceptable'.
- · Negotiations are ongoing with no resolution announced.
22-07-2026
Stapp Wealth Management, PLLC filed its quarterly 13F-HR report for the period ending June 30, 2026, disclosing 32 equity holdings with a total market value of approximately $76.5 million. The portfolio is heavily weighted toward ETFs and precious metals, with top positions in EA Series Trust Mili Long/Short ETF ($9.1M), Northern LTS FD TR II Weitz Core Plus ($8.2M), and Tidal Trust II Blue Chip Asset ETF ($7.4M). No period-over-period comparisons are available in this initial filing, so performance trends cannot be assessed.
- · Top holding by value: EA Series Trust Mili Long/Short ETF at $9,142,906 (251,732 shares).
- · Second largest: Northern Lights Fund Trust II Weitz Core Plus at $8,214,425 (324,040 shares).
- · Third largest: Tidal Trust II Blue Chip Asset ETF at $7,387,553 (234,460 shares).
- · Precious metals exposure includes Agnico Eagle Mines ($577,084), Alamos Gold ($511,047), Barrick Mining ($307,136), ETFS Gold Trust ($950,742), I-80 Gold ($132,106), Newmont ($393,027), WisdomTree Efficient Gold Plus ($7,552,319), and World Gold SPDR Gold Minis ($5,804,331).
- · Largest single stock holding: Microsoft Corp at $252,162 (676 shares).
- · Costco Wholesale: $237,609 (254 shares).
- · All holdings are listed with sole voting and dispositive power; no shared or non-dispositive authority reported.
22-07-2026
Vale S.A. reported solid Q2 2026 operating results with year-over-year production and sales increases across all business segments. Iron ore production reached 84.3 Mt (up 0.8% y/y), copper production 98.4 kt (up 6.3% y/y), and nickel production 42.0 kt (up 4.2% y/y). However, pellet production declined 7.0% y/y to 7.3 Mt due to temporary suspension of Oman plants, and iron ore fines premiums fell quarter-over-quarter, reflecting a shift in sales mix toward mid-grade ore.
- · Iron ore production guidance for 2026 is 335-345 Mt; pellet guidance 30-34 Mt; copper guidance 350-380 kt; nickel guidance 175-200 kt.
- · Northern System iron ore production fell 4.0% y/y to 39.6 Mt due to lower run-of-mine at Serra Norte, partly offset by S11D record Q2 output of 23.4 Mt.
- · Southeastern System iron ore production rose 15.6% y/y to 24.3 Mt, driven by Capanema ramp-up, Alegria productivity, and Água Limpa restart.
- · Southern System iron ore production fell 7.7% y/y to 12.1 Mt due to full stoppage of Fábrica and Viga since January 2026.
- · Oman pellet plants were temporarily suspended due to Middle East conflict; production partly resumed in late June.
- · Copper production in Canada fell 6.9% y/y to 20.1 kt due to planned maintenance at Sudbury and spring runoff impact.
- · Nickel production at Sudbury fell 22.1% y/y to 6.7 kt due to biennial planned maintenance; Thompson fell 46.3% y/y to 2.2 kt.
- · Onça Puma nickel production surged 95.8% y/y to 9.4 kt, highest-ever Q2, driven by 2nd furnace performance.
- · Voisey's Bay nickel production rose 20.9% y/y to 10.4 kt, with Long Harbour achieving record quarterly output.
- · Copper sales from Canada fell 12.4% y/y to 19.8 kt, while Brazil copper sales rose 17.2% y/y to 77.8 kt.
- · Provisional pricing adjustments: copper segment had US$ -71 million and nickel segment US$ -17 million in forward adjustments not settled in the quarter.
- · On June 30, 2026, Vale had 67,669 tons of copper sales provisionally priced at weighted average LME forward price of US$ 13,389/t.
- · Sossego SAG mill rebuild planned to start in August 2026, lasting 9-6 weeks, to support throughput capacity increase to 15 Mtpy.
22-07-2026
Cementos Pacasmayo S.A.A. disclosed a material event on July 21, 2026, reporting that its Board of Directors approved the comprehensive alignment of the Company’s Code of Conduct with the Holcim Group Code of Ethics. The updated Code of Conduct is available on the Company’s website. No financial figures or period-over-period comparisons were provided in this filing.
22-07-2026
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) is soliciting shareholder votes for a July 30, 2026 special meeting to approve a new investment sub-advisory agreement with Rockford Tower Asset Management (a King Street Capital Management subsidiary), replacing terminated sub-adviser Octagon Credit Investors. The Board and ISS recommend voting 'FOR' the proposal, while Octagon is opposing it with claims the Fund calls misleading. Management fees and expenses will not increase, and a vote against the proposal will not reinstate Octagon.
- · Special Meeting of Shareholders scheduled for July 30, 2026.
- · Shareholders are asked to vote on one proposal: approval of a new investment sub-advisory agreement.
- · The Fund's Board of Trustees recommends voting 'FOR' the proposal on the WHITE Proxy Card.
- · ISS also recommends voting 'FOR' the proposal.
- · Octagon Credit Investors, LLC is opposing the proposal and has circulated materials the Fund calls misleading.
- · Management fees and expenses will NOT increase as a result of the proposed change.
- · A vote against the proposal will NOT reinstate Octagon as sub-adviser.
- · Shareholders can vote by Internet, phone, or mail.
- · Proxy solicitation firm Okapi Partners LLC is assisting with the vote.
22-07-2026
XAI Octagon Floating Rate & Alternative Income Trust (XFLT) filed definitive additional proxy materials (DEFA14A) on July 22, 2026, ahead of a July 30 shareholder vote to replace its terminated sub-adviser Octagon Credit Investors with King Street affiliate Rockford Tower. The filing highlights a Bloomberg article reporting that CLO equity returns have plunged, with XFLT's NAV declining 54% under Octagon's watch and seven defaults across Octagon's own CLO portfolio. However, Octagon argues it outperformed CLO fund peers and has called for the board's replacement, while XA Investments President Kim Flynn notes that half of XFLT's holdings are senior loans, not CLO equity, making the comparison less direct.
- · CLO equity returned negative 15% in Q1 2026.
- · Goldman Sachs estimated CLO profits are worse than widely thought.
- · Eagle Point is shifting exposure to infrastructure loans and equipment financing.
- · A dearth of corporate mergers has halted new CLO supply, and a selloff of software debt dented CLO holdings.
- · The shareholder vote to appoint Rockford Tower is scheduled for July 30, 2026.
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