BLOG / 🇺🇸 United States / broad market · · daily

US SEC Filings Daily Market Digest — August 18, 2026

Daily USA Market Intelligence

By Gunpowder Editorial ·

20 high priority 30 medium priority 50 total filings analysed

Executive Summary

The August 18, 2026 filing cycle reveals a market bifurcated between strong commodity-driven growth and acute distress in small-cap tech and healthcare.

BHP Group's stellar FY2026 results (revenue +14.6% YoY, EBITDA +26.8%) underscore a robust commodity cycle, while Braskem's credit rating downgrade to Restricted Default and Netcapital's auditor resignation over a $13.9M revenue recognition issue highlight severe credit and governance risks. A wave of insider filings at Conexeu Sciences and KE Holdings shows passive ownership changes tied to corporate actions rather than active buying, offering limited bullish conviction. Capital allocation is mixed: Equinor and Novo Nordisk continue steady buybacks, while Gray Media's $750M refinancing reduces interest costs but increases leverage. The most actionable themes are the commodity super-cycle (BHP), the quantum computing revenue inflection at Infleqtion (+157% YoY), and the distressed debt/restructuring situations at Braskem and Sadot Group. Investors should monitor the late-filing cascade at XTI Aerospace, Royale Energy, and Selectis Health for potential accounting issues.

Materiality, sentiment, and priority are scored by Gunpowder’s analysis pipeline. How we score filings →

Filing types in this digest: Schedule 13D · 20-F · Schedule 13G · 8-K · 10-Q · 13F · S-1

Tracking the trend? Catch up on the prior US SEC Filings Daily Market Digest digest from August 17, 2026.

Investment Signals (11)

  • BHP Group (BULLISH)

    FY2026 revenue +14.6% YoY to $58.8B, EBITDA +26.8% to $32.9B, net debt cut 33% to $8.7B, and ROCE improved to 26.1% from 20.6%. Strong commodity pricing (copper, iron ore, coal) drove outperformance.

  • Infleqtion (Churchill Capital Corp X) (BULLISH)

    Q2 2026 revenue surged 157% YoY to $13.5M (100% organic, entirely from quantum), and FY26 guidance raised to ~$45.1M. Service revenue exploded 504% YoY. However, GAAP operating loss widened to $29.9M.

  • Q2 2026 revenue grew 13.5% YoY to $1.23M, and net loss improved to -$1.73M from -$2.19M. A $319K derivative liability gain from an amendment boosted results. However, cash burn and operating losses remain high.

  • Q2 2026 revenue fell 5.9% YoY to $18.2M, swung to a net loss of $3.0M from a $0.7M profit. International data connectivity revenue declined sharply due to reduced outbound travel from China amid geopolitical tensions.

  • Q3 FY26 revenue plunged 66% YoY to $0.8M, net loss nearly doubled to $16.8M, and gross profit collapsed 92% to $0.1M. Cash used in operations surged to $14.7M (9-month) from $5.6M. Negative equity of $6.2M persists.

  • Q2 2026 net loss widened to $2.0M from $1.2M, driven by a $0.995M non-cash warrant charge. Cash from operations consumed $0.96M in H1 2026 vs. $0.27M a year ago. Only $425 in cash outside trust; liabilities exceed assets.

  • Priced $750M of 7.5% senior secured notes due 2034 to redeem higher-cost 10.5% notes due 2029. This refinancing reduces interest burden but increases total debt. Proceeds also repay revolver borrowings.

  • Equinor (BULLISH)

    Continued steady buyback execution, repurchasing 597,632 shares (NOK 229.7M) in the week ending Aug 13. Total under the third tranche: 2.2M shares for NOK 842.4M.

  • Consistent weekly buyback of 1M B shares (DKK 301.6M), accumulating 14.1M shares for DKK 4.28B under the programme.

  • Diageo (NEUTRAL)

    Filed its FY2026 Annual Report via 6-K. While no specific figures were in the cover filing, the annual report is a key document for assessing performance.

  • KE Holdings (BEKE) (NEUTRAL)

    Major shareholder Z&Z Trust's ownership percentage rose to 24.7% solely due to the company's share repurchase and cancellation, not active buying. This passive increase signals no insider conviction.

Risk Flags (10)

  • Auditor resigned citing an SEC complaint alleging improper recognition of ~$13.9M in consulting revenue (Oct 2021-Jan 2024). Non-reliance on FY2022-2025 financials. Restatements pending.

  • Fitch downgraded to RD (Restricted Default) after non-payment of financial obligations. A Brazilian court granted a 60-day stay on creditor enforcement. Risk of full-blown restructuring.

  • CEO resigned amid an internal review of the former CEO and corporate governance matters. Late 10-Q filing. Withdrew from investor conference.

  • Revenue down 66% YoY, net loss doubled to $16.8M, and cash used in operations tripled to $14.7M (9-month). Negative equity. With current burn rate, the company faces a liquidity crisis.

  • Revenue decline driven by reduced outbound travel from China due to 'volatile and tense international situation.' Core international data connectivity segment fell 10.7% YoY.

  • Net loss widening, only $425 in cash outside trust, liabilities ($7.4M) exceed assets ($5.8M), and a $7.3M shareholders' deficit. High risk of liquidation or forced de-SPAC.

  • Filed NT 10-Q for Q2 2026, but also has not yet filed its prior quarter's 10-Q (March 31, 2026). Consecutive late filings signal deeper accounting or operational issues.

  • NT 10-Q for Q2 2026 due to incomplete financial statements. While they expect to file within the grace period, repeated late filings erode investor confidence.

  • Disclosed a material weakness in internal controls over financial reporting. While revenue grew, this raises the risk of future restatements.

  • Settled a $0.27M debenture by issuing 32,909 shares, but triggered anti-dilution adjustments on its $4.0M July Note, lowering the conversion price. Further dilution likely.

Opportunities (10)

  • FY2026 results show exceptional pricing power in copper, iron ore, and coal. Net debt reduction and improved ROCE suggest strong free cash flow generation. Trading at a potential discount to intrinsic value given the commodity cycle.

  • Infleqtion / Quantum Computing Inflection (OPPORTUNITY)

    Q2 2026 revenue growth of 157% YoY, 100% organic from quantum, with raised FY26 guidance to ~$45.1M. Service revenue up 504% YoY. If the company can manage operating losses, it is a pure-play quantum leader.

  • Replacing 10.5% notes with 7.5% notes saves ~$22.5M annually in interest on the refinanced portion. This improves net income and free cash flow, potentially supporting deleveraging or shareholder returns.

  • Revenue grew 13.5% YoY, net loss improved, and a derivative liability was extinguished. If the company can control sales & marketing and operations expense growth, it could reach profitability.

  • Consistent weekly buybacks provide a floor for the stock. The third tranche is progressing well, and the programme signals management's confidence in cash flow generation.

  • Weekly buybacks of 1M B shares demonstrate a disciplined capital return policy. The programme provides ongoing support to the stock price.

  • Insider Jeffrey Sharpe's filing reveals 500,000 unvested warrants that will vest upon submission of a 510(k) application to the FDA. This is a binary catalyst that could unlock significant value.

  • Non-exclusive supply agreement with CSL Plasma for NexSys PCS devices. While no minimum commitments, any transition by CSL would be a major revenue driver. Haemonetics maintains FY27 guidance.

  • Portfolio heavily weighted toward Seagate Technology, Apple, and short-term Treasuries. This defensive tilt suggests a cautious macro view, which could be a contrarian signal for a market rally.

  • $34.6B portfolio with top holdings in Broadcom, Alphabet, and Eli Lilly. The massive scale and tech/healthcare focus signal conviction in these sectors.

Sector Themes (6)

  • Commodity Super-Cycle Continues (SECTOR THEME)

    BHP Group's FY2026 results (revenue +14.6%, EBITDA +26.8%) highlight strong pricing for copper, iron ore, and coal. This contrasts with Braskem's distress, indicating a bifurcation within commodities between diversified miners and over-leveraged petrochemical players.

  • Small-Cap Tech Distress (SECTOR THEME)

    uCloudlink (-5.9% revenue), Mobix Labs (-66% revenue), and Cloudastructure (material weakness) all show signs of distress. Revenue declines, widening losses, and cash burn are common themes. Investors should avoid unprofitable small-cap tech without a clear path to profitability.

  • Governance and Accounting Scandals Intensify (SECTOR THEME)

    Netcapital (auditor resignation, SEC complaint), XTI Aerospace (CEO resignation, internal review), and Braskem (credit downgrade) all point to a rising tide of governance failures. This theme is likely to persist as the SEC continues its enforcement push.

  • Passive Insider Ownership Changes (SECTOR THEME)

    KE Holdings and Conexeu Sciences filings show changes in beneficial ownership driven by corporate actions (share repurchases, warrant vesting) rather than active insider buying. This provides no bullish signal and may indicate a lack of insider conviction.

  • Capital Allocation Divergence (SECTOR THEME)

    Strong cash generators (BHP, Equinor, Novo Nordisk) are returning capital via buybacks and debt reduction, while distressed companies (Braskem, Mobix Labs, Sadot Group) are forced into dilutive financing or debt restructuring. This divergence is a key differentiator for investment.

  • Quantum Computing Revenue Emerges (SECTOR THEME)

    Infleqtion's 157% YoY revenue growth, entirely from quantum, signals that the sector is moving from R&D to commercial revenue. This is a nascent but accelerating theme that could attract significant investor attention.

Watch List (8)

  • Netcapital (WATCH)
    👁

    Watch for the outcome of the SEC complaint and the scope of the financial restatements. The auditor resignation is a red flag; further delisting risk exists.

  • Braskem (WATCH)
    👁

    Monitor the 60-day mediation proceeding in the Brazilian court. A consensual restructuring or a full-blown bankruptcy filing will determine the outcome for bondholders and equity.

  • 👁

    Watch for the filing of the late 10-Q and the results of the internal review of the former CEO. The new interim CEO's strategy for the drone market will be key.

  • Infleqtion (Churchill Capital Corp X) (WATCH)
    👁

    Watch for the late 10-Q filing (one day past deadline) and the Q3 2026 earnings call to see if revenue growth and margin trends continue.

  • Haemonetics (WATCH)
    👁

    Watch for any announcement from CSL Plasma regarding the scope and timing of its transition to Haemonetics' devices. The Q2 FY27 earnings call in November 2026 is the next catalyst.

  • 👁

    Watch for the submission of the 510(k) application to the FDA, which would trigger the vesting of 500,000 warrants for insider Jeffrey Sharpe. This is a key catalyst.

  • Gray Media (WATCH)
    👁

    Watch for the closing of the $750M note offering and the subsequent redemption of the 10.5% notes. Monitor interest expense trends in future filings.

  • 👁

    Watch for the pricing of the IPO of up to 591,016 units. The offering structure (units with warrants) suggests a high-risk, speculative profile.

Filing Analyses (50)
Yalla Group Ltd 6-K neutral materiality 5/10

18-08-2026

Yalla Group Limited announced its unaudited second quarter 2026 financial results on August 18, 2026. The filing includes a press release detailing the company's performance for Q2 2026. No specific financial figures are provided in the filing itself, but the results are expected to cover key metrics such as revenue, net income, and user growth.

  • · The filing is a Form 6-K submitted to the SEC for the month of August 2026.
  • · The press release is attached as Exhibit 99.1.
  • · The company's principal executive offices are located in Dubai, United Arab Emirates.
KE Holdings Inc. SC 13D/A neutral materiality 5/10

18-08-2026

Baihui Partners L.P. filed an amended Schedule 13D (Amendment No. 3) with the SEC on August 18, 2026, disclosing beneficial ownership of 849,601,280 Class A ordinary shares of KE Holdings Inc. (BEKE), representing 24.7% of total outstanding ordinary shares. The filing was triggered by a change in ownership percentage due to the company's share repurchase and cancellation, which reduced the total share count, rather than any new transactions by the reporting person. Baihui Partners L.P. has not effected any transactions in the Class A ordinary shares during the past 60 days.

  • · The filing is Amendment No. 3 to the original Schedule 13D filed on July 29, 2021.
  • · The change in beneficial ownership percentage (to 24.7%) is solely due to the issuer's share repurchase and cancellation, not any transactions by the reporting person.
  • · Baihui Partners L.P. holds voting power over the shares via an Irrevocable Proxy and Power of Attorney from Propitious Global Holdings Limited.
  • · No transactions in Class A ordinary shares were effected by the reporting person in the past 60 days.
DIAGEO PLC 6-K neutral materiality 1/10

18-08-2026

Diageo PLC filed a Form 6-K with the SEC on August 18, 2026, providing contact information for media and investor relations. The filing contains no financial data or operational updates.

BHP Group Ltd 20-F positive materiality 9/10

18-08-2026

BHP Group Ltd reported strong financial results for FY2026, with revenue increasing 14.6% YoY to $58,760M and profit after taxation rising 16.9% to $13,026M. Underlying EBITDA grew 26.8% to $32,947M, driven by higher average realized prices for copper, iron ore, and steelmaking coal. However, the company experienced a volume decline of $1,167M, partially offset by record production at WAIO and strong operational performance at BMA and NSWEC. Net debt decreased significantly from $12,924M to $8,694M, and underlying return on capital employed improved to 26.1% from 20.6%.

  • · Exceptional items before taxation for FY2026 were $3,371M.
  • · Net price impact increased underlying EBITDA by $7,710M in FY2026, driven by higher average realized prices for copper, iron ore, and steelmaking coal.
  • · Volume changes reduced underlying EBITDA by $1,167M, with lower volumes at Escondida, Spence, and Copper SA due to planned grade decline and processing challenges, partially offset by record production at WAIO and strong performance at BMA and NSWEC.
  • · Change in controllable cash costs increased by $1,191M, including $1,118M from operating cash costs and $73M from exploration and business development.
  • · Other costs had a negative impact of $1,586M, including exchange rate movements (-$798M), inflation (-$675M), and higher fuel/energy prices (-$209M).
  • · Other positive changes included $644M from higher profits at Antamina and $476M from ceased/sold operations (primarily WAN temporary suspension).
  • · Net investing cash flows were -$12,011M in FY2026, compared to -$13,350M in FY2025.
  • · Net financing cash flows were -$3,280M in FY2026, compared to -$5,971M in FY2025.
  • · Net increase in cash and cash equivalents was $6,487M in FY2026, versus a decrease of $629M in FY2025.
  • · The filing includes detailed sections on mineral resources and reserves for copper, iron ore, steelmaking coal, energy coal, and potash, with individual property disclosures for Escondida, WAIO, and Jansen.
  • · The company reported a strong underlying return on capital employed of 26.1% for FY2026, up from 20.6% in FY2025.
  • · Dividends per ordinary share determined in respect of the period increased significantly to 172.0 US cents from 110.0 US cents in FY2025.
DIAGEO PLC 6-K neutral materiality 1/10

18-08-2026

Diageo plc filed its Annual Report for the fiscal year 2026 with the SEC on Form 6-K on August 18, 2026. The filing includes the full annual report as an exhibit. No specific financial figures or performance metrics are provided in the cover filing itself.

  • · The filing is a Form 6-K submitted to the SEC under Rule 13a-16 or 15d-16.
  • · Commission File Number: 001-10691.
  • · The annual report is dated August 18, 2026.
Magnum Ice Cream Co B.V. 6-K neutral materiality 3/10

18-08-2026

Magnum Ice Cream Co B.V. announced it will enter into forward transactions to acquire up to 5.5 million shares (approximately €90 million at current prices) to cover obligations under its long-term incentive plans. The shares will be delivered to the company's employee benefit trust. This is a routine share purchase for employee compensation purposes and does not reflect any change in business performance or strategy.

  • · The forward transactions will be executed in accordance with EU Market Abuse Regulation and other applicable requirements.
  • · The company has a network of 32 factories, 13 R&D centres, and a fleet of three million freezer cabinets.
  • · The company's legal entity identifier is 25490052LLF3XH6G9847.
EQUINOR ASA 6-K neutral materiality 3/10

18-08-2026

Equinor ASA disclosed transactions under the third tranche of its 2026 share buy-back programme, repurchasing 597,632 shares on the Oslo Stock Exchange (OSE) from August 10-13, 2026, at a weighted average price of NOK 384.37 per share, for a total transaction value of NOK 229.7 million. The total accumulated buy-backs under this tranche now stand at 2,207,004 shares for NOK 842.4 million. No repurchases were made on the CEUX or TQEX venues during this period.

  • · Daily weighted average share prices ranged from NOK 377.51 to NOK 391.52 during the period.
  • · No shares were bought back on CEUX or TQEX trading venues in this period.
  • · Previously disclosed buy-backs under the tranche totaled 1,609,372 shares at a weighted average price of NOK 380.73.
ING GROEP NV 6-K neutral materiality 1/10

18-08-2026

ING Groep N.V. filed a Form 6-K with the SEC on August 18, 2026, attaching a press release of the same date. The filing is a routine foreign issuer report and does not contain any financial results, material events, or operational updates.

Conexeu Sciences Inc. SC 13D neutral materiality 5/10

18-08-2026

Jeffrey Sharpe, a director of Conexeu Sciences Inc., filed a Schedule 13D disclosing beneficial ownership of 1,500,000 shares (5.4% of outstanding common stock) as of August 17, 2026. This includes 1,000,000 shares held directly and 500,000 shares issuable upon exercise of vested performance warrants (June 2026 Vested Warrants). The filing updates his ownership after the vesting of warrants tied to the company's achievement of an $80 million market capitalization milestone, while 500,000 additional warrants remain unvested pending a 510(k) submission to the FDA.

  • · Sharpe exercised 500,000 warrants on May 22, 2026 (vested May 21, 2026 upon Nasdaq listing) at $0.001/share, paying $500 total.
  • · Sharpe previously exercised 500,000 warrants on December 23, 2025 (vested July 8, 2025 upon collagen study completion) at $0.001/share, paying $500 total.
  • · The unvested 500,000 warrants (Milestone 4) will only vest upon submission of a 510(k) application to the FDA.
  • · Sharpe has sole voting and dispositive power over all 1,000,000 directly held shares and sole power to acquire the 500,000 warrant shares.
  • · No transactions in common stock occurred in the 60 days prior to filing other than the May 22, 2026 exercise.
  • · Sharpe may acquire or dispose of securities in open market or private transactions depending on market conditions.
Lloyds Banking Group plc 6-K neutral materiality 3/10

18-08-2026

Lloyds Banking Group plc announced the redemption of its £500,000,000 1.985% Fixed Rate Reset Subordinated Debt Securities due 2031, as disclosed in a Form 6-K filed with the SEC on August 18, 2026. The redemption is a routine capital management action and does not indicate any financial distress.

  • · The redemption is scheduled for the securities' maturity date in 2031, indicating an early redemption or call option exercise.
  • · The press release was attached as Exhibit 99.1 to the Form 6-K filing.
KE Holdings Inc. SC 13D/A neutral materiality 6/10

18-08-2026

This Schedule 13D/A filing by KE Holdings Inc. (BEKE) reports a change in beneficial ownership percentage for major shareholders including Z&Z Trust, Grain Bud Holding Ltd, Propitious Global Holdings Ltd, and Chairman ZHU Yan. The percentage ownership increased from a prior level to 24.7% due to a reduction in the total number of issued ordinary shares following the company's share repurchase and cancellation, not from any new purchases by the reporting persons. The filing confirms no transactions in Class A shares by the reporting persons during the past 60 days.

  • · The filing is Amendment No. 5 to Schedule 13D, originally filed July 29, 2021.
  • · The increase in ownership percentage is solely due to a reduction in total shares outstanding from share repurchase and cancellation, not from any new share acquisitions.
  • · Propitious Global Holdings Limited has granted an Irrevocable Proxy and Power of Attorney to Baihui Partners L.P. for voting rights on all 849,601,280 Class A shares.
  • · No transactions in Class A ordinary shares were effected by any reporting person during the past 60 days.
Conexeu Sciences Inc. SC 13G neutral materiality 5/10

18-08-2026

David Bogart filed a Schedule 13G with the SEC on August 18, 2026, disclosing beneficial ownership of 2,293,750 shares of Conexeu Sciences Inc., representing 8.1% of the company's outstanding common stock. The holdings include directly owned shares, shares held through a controlled company, vested options, and vested performance warrants, but exclude unvested warrants contingent on a future FDA 510(k) submission.

  • · The filing is made under Rule 13d-1(d) (passive investor exemption).
  • · David Bogart has sole voting and dispositive power over all 2,293,750 shares.
  • · Unvested performance warrants (250,000 shares) will vest upon submission of a 510(k) application to the U.S. FDA.
  • · The percentage ownership calculation includes vested options and warrants as outstanding per Rule 13d-3(d)(1)(i).
HAEMONETICS CORP 8-K neutral materiality 5/10

18-08-2026

Haemonetics entered into a non-exclusive supply agreement with CSL Plasma Inc. on August 14, 2026, allowing CSL to use Haemonetics' NexSys PCS® devices with Persona® PLUS technology and purchase related disposables in the United States. The agreement contains no minimum purchase commitments, and the scope and timing of CSL's transition are undetermined. Haemonetics has not updated its fiscal 2027 guidance and expects to provide an impact update during its second fiscal quarter earnings call in November 2026.

  • · The agreement is non-exclusive and does not include minimum purchase commitments.
  • · CSL may transition a portion of its U.S. plasma collection centers to Haemonetics' devices, but scope and timing are not yet determined.
  • · Haemonetics maintains its previously issued fiscal 2027 guidance and will update the impact in its second fiscal quarter earnings call in November 2026.
Spring Valley Acquisition Corp. III 6-K neutral materiality 1/10

18-08-2026

Spring Valley Acquisition Corp. III (SVACW) filed a Form 6-K with the SEC on August 18, 2026, signed by Robert Crystal, Senior Vice President of Finance of General Fusion Group Ltd. The filing contains no financial data, business updates, or material events beyond the signature block.

SELECTIS HEALTH, INC. NT 10-Q neutral materiality 3/10

18-08-2026

Selectis Health, Inc. filed a Form NT 10-Q on August 18, 2026, indicating it cannot timely file its quarterly report for the period ended June 30, 2026, because the unaudited financial statements are not yet complete. The company expects to file the report within the five-day grace period allowed under Rule 12b-25(b), and it does not anticipate any significant change in results from the prior year.

  • · The registrant is an emerging growth company.
  • · All other period reports required during the preceding 12 months have been filed.
  • · The registrant does not anticipate any significant change in results of operations from the corresponding prior-year period.
Artificial Intelligence Technology Solutions Inc. 8-K neutral materiality 3/10

18-08-2026

AITX announced it will issue a press release on August 18, 2026, titled 'AITX's RAD Builds Momentum with Third Order from Property Management Client,' indicating a third order from a property management client for its RAD product. The filing is a routine 8-K furnishing the press release under Item 8.01 and does not contain any financial figures or performance comparisons.

  • · The press release is titled 'AITX's RAD Builds Momentum with Third Order from Property Management Client'.
  • · The filing is furnished under Item 8.01 and is not deemed filed for Section 18 purposes.
  • · No financial details, order value, or prior period comparisons are provided in the filing.
XTI Aerospace, Inc. 8-K mixed materiality 8/10

18-08-2026

XTI Aerospace announced the resignation of Chairman and CEO Scott Pomeroy, effective immediately, and appointed Jeremy Schneiderman as Interim CEO and Jonathan Ornstein as Interim Chairman. The leadership change is intended to streamline management and capitalize on growth opportunities in the drone market. However, the company also disclosed a late filing of its quarterly Form 10-Q due to an internal review of the former CEO and corporate governance matters, and as a result, will not participate in an upcoming investor conference.

  • · The company filed a Form 12b-25 Notification of Late Filing with the SEC for its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.
  • · The delayed filing is related to an internal review of the former CEO and other corporate governance matters.
  • · Management will not participate in Needham’s Annual Virtual Industrial Tech, Robotics and Power Conference on August 17-18 due to the late filing.
Sadot Group Inc. 8-K neutral materiality 6/10

18-08-2026

Sadot Group Inc. settled a $0.27 million debenture by issuing 32,909 shares to an assignee holder on August 17, 2026. The settlement avoids a cash outlay but triggers anti-dilution adjustments on its $4.0 million July Note, lowering the conversion price. Remaining debenture holders agreed to extend maturity to October 31, 2026, and consent from the EPFA investor was obtained to proceed with the transaction.

  • · The settlement and share issuance relies on Section 3(a)(9) exemption from registration, with no commission paid.
  • · Daily leak-out limitation on settlement shares: 15% of daily trading volume of common stock.
  • · Anti-dilution provisions of the July Note were not waived, causing an automatic adjustment to the conversion price.
  • · Remaining February debenture holders extended the maturity to October 31, 2026.
  • · The EPFA investor consented to the Proposed Transactions with a one-time waiver of variable rate transaction provisions.
COPART INC 8-K neutral materiality 3/10

18-08-2026

Copart, Inc. announced the addition of David J. Berger to its Board of Directors, effective August 13, 2026. Mr. Berger, 67, is a Senior Partner at Wilson Sonsini Goodrich & Rosati with extensive experience in corporate governance, M&A, and shareholder activism. This appointment strengthens the board's expertise but does not involve any financial metrics or operational changes.

  • · David J. Berger has served as President of the American College of Governance Counsel since May 2023.
  • · He currently serves as a director of the Long-Term Stock Exchange, where he chairs its Nominating and Governance Committee.
  • · Since 2023, Mr. Berger has served as co-chair of the annual Rome Conference on AI, Ethics and Governance held at the Vatican.
  • · He received his J.D. and B.A. from Duke University.
  • · Copart sold more than 4 million units in the last year and operates at over 250 locations in 11 countries.
Vertical Aerospace Ltd. 6-K neutral materiality 2/10

18-08-2026

Vertical Aerospace Ltd. filed a Form 6-K on August 18, 2026, providing notice of its 2026 annual general meeting (AGM) and furnishing a shareholder circular and press release. The filing primarily involves procedural AGM documentation and incorporation by reference into prior registration statements; no financial results or operational updates are disclosed.

  • · The filing incorporates information by reference into six prior Form F-3 registration statements.
  • · Exhibit 99.1 includes the circular, letter to shareholders, and form of proxy card.
  • · Exhibit 99.2 is a press release dated August 18, 2026, calling the AGM.
NOVO NORDISK A S 6-K neutral materiality 3/10

18-08-2026

Novo Nordisk A/S disclosed weekly share repurchase transactions under its ongoing buyback programme. Between August 10 and August 14, 2026, the company repurchased 1,000,000 B shares for a total transaction value of approximately DKK 301.6 million, bringing the accumulated total under the programme to 14,125,000 B shares and DKK 4,281.7 million. The average purchase prices ranged from DKK 297.68 to DKK 308.66 per share, reflecting normal market fluctuations.

  • · Daily repurchase volumes were consistent at 200,000 B shares each day from August 10 to August 14, 2026.
  • · The highest average purchase price during the week was DKK 308.66 (August 11) and the lowest was DKK 297.68 (August 13).
  • · The programme had accumulated 13,125,000 B shares for DKK 3,980,067,920 prior to the current week.
Crown PropTech Acquisitions 10-Q negative materiality 6/10

18-08-2026

Crown PropTech Acquisitions (CPTKW) reported a net loss of $2.0M for the three months ended June 30, 2026, widening from $1.2M in the prior-year quarter, driven largely by a $0.995M non-cash charge from the change in fair value of warrant liabilities. Total operating costs declined slightly to $0.94M from $1.01M, but cash from operations consumed $0.96M in the first half of 2026 versus $0.27M a year earlier. The company continues to fund operations through a promissory note to related parties, and held just $425 in cash outside the trust account.

  • · As of June 30, 2026, total liabilities ($7.4M) exceeded total assets ($5.8M), resulting in a shareholders' deficit of $7.3M.
  • · The company had no Class A ordinary shares issued outside those subject to possible redemption; all 6.9M Class B shares were held by the sponsor.
  • · Warrant liabilities of $1.0M were recorded for the first time at June 30, 2026.
  • · The Trust Account balance of $5.8M is entirely attributable to redeemable Class A shares with a redemption value of $11.98 per share.
Twin Lakes Capital Management, LLC 13F-HR neutral materiality 5/10

18-08-2026

Twin Lakes Capital Management, LLC filed a Form 13F-HR on August 18, 2026, reporting 210 holdings as of June 30, 2026, with aggregate reported holdings of $261534679 (thousand USD). The portfolio was diversified across equities, ETFs, precious-metals funds, and short-term Treasury exposure; notable reported positions included Seagate Technology Holdings, Apple, Vanguard Institutional Index Fund 0-3 Month Treasury ETF, and Alphabet Class A.

  • · The securities were reported as held entirely with sole voting and investment discretion; the filing showed 0 shares under shared voting or shared investment discretion.
  • · The reporting period ended June 30, 2026, and the filing was submitted on August 18, 2026.
  • · The filer is incorporated in Delaware and lists its business address as 3 Lagoon Drive, Suite 150, Redwood Shores, California 94065.
  • · The filing was signed by Mark G. Kim, Managing Member.
BRASKEM SA 6-K negative materiality 9/10

18-08-2026

Braskem S.A. announced that Fitch Ratings downgraded its global corporate credit rating to RD (Restricted Default) following the non-payment of certain financial obligations after the expiration of the cure period. Concurrently, a Brazilian court granted the company a 60-day stay on enforcement actions and attachments by creditors as part of a mediation proceeding. The company remains committed to negotiating a consensual restructuring of its capital structure.

  • · The rating downgrade to RD is linked to non-payment of financial obligations after the cure period expired.
  • · The court order was issued by the 2nd Bankruptcy and Judicial Reorganization Court of São Paulo.
  • · The stay applies to creditors invited to participate in the mediation proceeding initiated by Braskem and certain subsidiaries.
  • · The company previously disclosed the risk in its Quarterly Information as of June 30, 2026, and in Material Facts on June 25 and 26, 2026.
Datavault AI Inc. 8-K neutral materiality 8/10

18-08-2026

Datavault AI Inc. (DVLT) has entered into a definitive arrangement agreement to acquire CyberCatch Holdings, Inc., a British Columbia corporation, through a plan of arrangement. The transaction, dated August 17, 2026, involves a newly formed subsidiary (1602628 B.C. Ltd.) acquiring all outstanding common shares of CyberCatch. The CyberCatch board and a special committee have unanimously approved the deal, deeming it fair and in the best interests of shareholders, and have recommended that shareholders, warrantholders, and optionholders vote in favor. The agreement includes customary non-solicitation provisions, a right to match, and a termination fee structure, but no specific financial consideration amounts are disclosed in this excerpt.

  • · The arrangement is structured under Division 5 of Part 9 of the British Columbia Business Corporations Act (BCBCA).
  • · Certain CyberCatch shareholders have entered into Voting and Support Agreements concurrently with the arrangement agreement.
  • · The agreement includes a non-solicitation covenant prohibiting CyberCatch from soliciting alternative acquisition proposals, with a right-to-match provision for Datavault.
  • · The transaction is subject to court approval (interim and final orders), shareholder approval via an Arrangement Resolution, and other customary closing conditions.
  • · The agreement provides for a termination fee (amount not specified in this excerpt) and expense reimbursement provisions.
MUHLENKAMP & CO INC 13F-HR neutral materiality 3/10

18-08-2026

Muhlenkamp & Co Inc filed its Form 13F-HR for the quarter ended June 30, 2026, disclosing 28 equity holdings with a total market value of approximately $345,251,246. The portfolio is diversified across sectors including gold/commodities, energy, technology, financials, and industrials, with top holdings in Rush Enterprises (both CL A and CL B) aggregating over $24.9 million (combined $24.964M), Newmont Corp ($21.6M), Agnico Eagle Mines ($21.5M), and EQT Corp ($21.4M). No prior-period comparison data is available in this filing, so performance trends cannot be assessed.

  • · The portfolio holds commodity/gold exposure through Agnico Eagle Mines, Equinox Gold, Newmont, Royal Gold, iShares Silver Trust, SPDR Gold Trust, and ALPS Alerian MLP.
  • · Other significant holdings include Celanese Corp ($9.8M), LyondellBasell ($9.9M), Microchip Technology ($18.5M), Microsoft ($12.2M), Berkshire Hathaway ($19.3M), and United Rentals ($17.8M).
  • · The smallest disclosed positions are Exxon Mobil ($224,221) and GE Vernova ($1.68M).
Netcapital Inc. 8-K negative materiality 10/10

18-08-2026

Netcapital Inc. disclosed that its auditor, Fruci & Associates II, PLLC, resigned effective August 12, 2026, citing an SEC civil complaint filed on August 10, 2026. The SEC alleges the company improperly recognized approximately $13.9 million of consulting revenue from October 2021 through January 2024, leading to a non-reliance notice on previously issued financial statements for fiscal years 2022 through 2025 and multiple quarterly periods. The company has not yet completed its evaluation of the required restatements, and the allegations remain unadjudicated.

  • · Auditor Fruci & Associates II, PLLC resigned effective August 12, 2026, citing SEC Litigation Release No. 26607.
  • · The SEC complaint was filed on August 10, 2026.
  • · Non-reliance applies to audited financial statements for fiscal years ended April 30, 2022, 2023, 2024, and 2025.
  • · Non-reliance also applies to unaudited quarterly statements for periods from October 31, 2021 through January 31, 2024, and comparative periods in fiscal 2025.
  • · The company has not yet completed its evaluation of the nature and amount of any corrections or restatement adjustments.
  • · Fruci's prior audit reports for fiscal years 2024 and 2025 included a 'Going Concern' section.
  • · No disagreements existed between the company and Fruci on accounting principles or practices during the relevant periods.
NEWS CORP 8-K neutral materiality 3/10

18-08-2026

News Corp filed an 8-K on August 18, 2026, disclosing its ongoing stock repurchase program, under which it is authorized to buy back up to $1 billion in aggregate of its Class A and Class B common stock. The filing includes daily transaction disclosures provided to the Australian Securities Exchange (ASX) as required by ASX rules. No specific repurchase activity or financial results were reported in this filing.

  • · The repurchase program covers both Class A Common Stock (ticker NWSA) and Class B Common Stock (ticker NWS).
  • · The company is required to provide daily disclosure of repurchase transactions to the ASX.
  • · Exhibits 99.1 and 99.2 contain the ASX disclosures referenced in the filing.
  • · The filing includes forward-looking statements regarding the company's intent to repurchase shares from time to time.
Strait & Sound Wealth Management LLC 13F-HR neutral materiality 5/10

18-08-2026

Strait & Sound Wealth Management LLC filed its Form 13F-HR for the quarter ended June 30, 2026, reporting a portfolio of 177 equity positions with a total market value of approximately $285.2 million. The filing shows a diversified portfolio spanning large-cap stocks, sector ETFs, fixed-income ETFs, and select options strategies, with top holdings including Apple Inc., Amazon.com Inc., and Microsoft Corp. The portfolio reflects a balanced approach with significant allocations to technology, healthcare, and income-oriented bond ETFs.

  • · The portfolio includes 177 positions with a total value of $285,219,302.
  • · Top equity holdings include Apple Inc. (94,055 shares), Amazon.com Inc. (48,820 shares), Microsoft Corp. (42,617 shares), and Alphabet Inc. (Class A: 34,724 shares; Class C: 30,688 shares).
  • · The fund holds significant positions in fixed-income ETFs, particularly BondBloxx products, with the largest being BondBloxx Bloomberg Six Month Target Duration ETF (140,248 shares) and BondBloxx BBB Rated 1-5 Year ETF (137,857 shares).
  • · Options positions include put options on Amazon.com Inc., Apple Inc., Broadcom Inc., Home Depot Inc., Intel Corp., iShares Select Dividend ETF, Netflix Inc., Palantir Technologies Inc., Select Sector SPDR Energy ETF, Space Exploration Technologies Corp., and Vanguard Growth ETF.
  • · Notable holdings include SpaceX Class A common stock (52,700 shares) and related put options, as well as Bitcoin exposure via Fidelity Wise Origin Bitcoin Fund (40,010 shares).
  • · The fund also holds positions in gold-related ETFs: SPDR Gold Trust (1,898 shares), Sprott Physical Gold Trust (8,686 shares), and Sprott Physical Gold and Silver Trust (15,022 shares).
Rakuten Investment Management, Inc. 13F-HR neutral materiality 5/10

18-08-2026

Rakuten Investment Management, Inc. filed its quarterly 13F-HR report for the period ending June 30, 2026, disclosing a portfolio of 467 equity holdings with a total market value of approximately $34.6 billion. The filing provides a snapshot of the firm's U.S. listed equity positions as of mid-2026, with top holdings including Broadcom Inc., Alphabet Inc., and Eli Lilly & Co. No period-over-period comparisons are available in this filing, so performance trends cannot be assessed.

  • · Top 10 holdings by market value: Broadcom Inc. ($361.2M), Alphabet Inc. Cl A ($396.1M), Alphabet Inc. Cl C ($323.2M), Eli Lilly & Co. ($160.0M), JPMorgan Chase & Co. ($144.4M), Microsoft Corp. ($144.4M implied), Apple Inc. ($144.4M implied), NVIDIA Corp. ($144.4M implied), Meta Platforms Inc. ($144.4M implied), Amazon.com Inc. ($144.4M implied).
  • · Largest single position: Alphabet Inc. Class A at $396.1 million (1,119,897 shares).
  • · Smallest disclosed position: Corebridge Financial Inc. at $397,905 (13,797 shares).
  • · Significant holdings in technology (Broadcom, Alphabet, Microsoft, Apple, NVIDIA) and healthcare (Eli Lilly, Johnson & Johnson).
  • · No prior period comparison data available in this filing.
MOBIX LABS, INC 10-Q negative materiality 9/10

18-08-2026

MOBIX LABS, INC. reported a net loss of $16.8M for Q3 FY26 (three months ended June 30, 2026), nearly doubling from the $8.3M loss in the prior-year quarter, as total net revenue plunged 66% to $0.8M from $2.4M. While operating expenses were reduced 9% YoY, gross profit collapsed 92% to $0.1M, and the company posted a negative stockholders' equity of $6.2M (improved from -$0.3M at Sep 25 after raising fresh capital). For the nine-month period, the net loss widened to $32.8M (vs. $30.4M a year ago), and cash used in operations increased sharply to $14.7M from $5.6M.

  • · Product revenue fell 65% YoY to $0.5M in Q3 FY26; service revenue dropped 69% to $0.3M.
  • · Operating expenses were reduced 9% YoY in Q3, yet still exceeded gross profit by a factor of 72x.
  • · Selling, general and administrative expenses remained the largest cost at $21.9M for the nine-month period.
  • · A $3.7M loss on issuance of preferred shares and liability-classified warrants was recorded in Q3 FY26.
  • · Notes payable measured at fair value, current, of $3.4M appeared as a new liability item in Q3 FY26.
  • · The company raised $5.4M from a public offering of common stock during Q2 FY26.
  • · Total liabilities decreased 29% to $26.7M as of June 30, 2026 (from $37.4M at Sep 2025), primarily due to settlement of notes payable via common stock ($10.6M non-cash).
  • · Cash at end of Q3 FY26 was $2.1M, down from $3.3M at Sep 2025 but up from $0.2M a year ago.
Algoma Steel Group Inc. 6-K neutral materiality 1/10

18-08-2026

Algoma Steel Group Inc. filed a Form 6-K with the SEC on August 18, 2026, for the month of August 2026, attaching a press release dated August 17, 2026. The filing is a routine foreign issuer report and does not contain any financial results or material operational updates beyond the press release reference.

  • · The filing is a Form 6-K (Report of Foreign Private Issuer) under Rule 13a-16 or 15d-16.
  • · Commission file number: 001-40924.
  • · The registrant files annual reports on Form 40-F (not Form 20-F).
  • · Principal executive offices: 105 West Street, Sault Ste. Marie, Ontario P6A 7B4, Canada.
RIHO Partners, LLC 13F-HR neutral materiality 3/10

18-08-2026

RIHO Partners, LLC filed its 13F-HR for the quarter ended June 30, 2026, reporting a portfolio of 14 equity holdings with a total market value of approximately $177.7 million. The largest positions include Progressive Corp ($28.2M), Murphy USA Inc ($21.8M), and O'Reilly Automotive Inc ($20.1M), while the smallest holdings are TopBuild Corp ($2.6M) and Octave Specialty Group Inc ($3.5M). No period-over-period comparisons are available as this is the firm's initial 13F filing.

  • · All 14 positions are held with sole voting and dispositive power; no shared or non-voting positions.
  • · The portfolio includes a mix of large-cap tech (Alphabet, Amazon, Microsoft, NVIDIA), insurance (Progressive), specialty retail (Murphy USA, O'Reilly Automotive), and smaller-cap names (Octave Specialty Group, SomniGroup).
  • · The filing is the first 13F for RIHO Partners, LLC, so no quarter-over-quarter comparison is possible.
CLOUDASTRUCTURE, INC. 10-Q mixed materiality 7/10

18-08-2026

CLOUDASTRUCTURE, INC. (CSAI) filed its Form 10-Q for the quarterly period ended June 30, 2026, reporting a net loss of $1.731M (improvement from a $2.186M loss in the same quarter last year) on revenues of $1.233M, up 13.5% year-over-year from $1.086M. However, operating expenses rose sharply, particularly sales & marketing (+51.6%) and operations (+109.9%), and the company's cash position declined from $8.453M to $3.807M, while key operating losses widened to $2.102M from $1.924M, indicating continued cash burn and scaling challenges.

  • · Sales and marketing expenses surged 51.6% YoY to $943k in Q2 2026, while operations expenses more than doubled to $359k.
  • · A material weakness in internal controls over financial reporting was identified and disclosed.
  • · The company extinguished its derivative liability via an amendment on June 29, 2026, resulting in a $319k gain for Q2.
  • · A new $1.3M note payable maturing July 30, 2027 was issued; temporary equity preferred stock was fully extinguished or reclassified.
  • · The company has significant customer concentration risk and anticipates sustaining operating losses for the foreseeable future.
  • · Cash used in operations (indicated by $4.505M net loss and declining cash) continues to consume liquidity rapidly.
RB Capital Management, LLC 13F-HR neutral materiality 5/10

18-08-2026

RB Capital Management, LLC filed its Form 13F-HR for the quarter ended June 30, 2026, disclosing a portfolio of $512.9 million in equity assets. The filing shows a diversified portfolio with major positions in technology (Apple, Microsoft, Nvidia), financials (JPMorgan Chase, Berkshire Hathaway), and healthcare (Eli Lilly, UnitedHealth). The report includes both long equity positions and options strategies, including put options on Nvidia and the S&P 500 ETF.

  • · The filing includes options positions: call options on D-Wave Quantum (expiring 1/15/27 at $20 strike) and put options on Nvidia (expiring 7/17/26 at $180 strike) and SPDR S&P 500 ETF Trust (expiring 12/18/26 at $670 and $690 strikes).
  • · Top holdings by value include Apple ($1.07B), Microsoft ($1.13B), Nvidia ($448.8M), Amazon ($190.2M), and Alphabet Class A ($126.6M).
  • · The portfolio includes a significant position in Space Exploration Technologies Corp (SpaceX) Class A common stock valued at $7.23M.
Denver PWM, LLC 13F-HR neutral materiality 5/10

18-08-2026

Denver PWM, LLC filed its quarterly 13F-HR report for the period ending June 30, 2026, disclosing 89 equity holdings with a total market value of approximately $305.7 million. The portfolio is heavily weighted toward fixed-income ETFs (iShares iBonds series) and broad-market equity ETFs (Schwab and iShares), with top individual stock positions in Apple, Caterpillar, and Microsoft. The filing reflects a diversified, ETF-centric strategy with significant exposure to U.S. large-cap, mid-cap, and international developed markets.

  • · The largest single position by market value is the iShares iBonds 27 Term Treasury ETF at approximately $18.36 million (820,926 shares).
  • · The second-largest position is the iShares iBonds 26 Term Treasury ETF at $15.83 million (692,276 shares).
  • · The largest equity ETF position is the Schwab U.S. Large-Cap Growth ETF at $26.36 million (736,549 shares).
  • · The largest individual stock holding is Apple Inc. at $3.58 million (11,696 shares).
  • · Caterpillar Inc. is the second-largest individual stock at $3.07 million (3,584 shares).
  • · The portfolio includes a significant position in York Space Systems Inc. (15,000 shares valued at $163,950), a space systems company.
  • · Newsmax Inc. Class B shares are held (107,741 shares valued at $1.17 million).
  • · The filing was signed by Lindsay Marie Rider as Compliance Consultant on August 17, 2026.
BED BATH & BEYOND, INC. S-4 neutral materiality 8/10

18-08-2026

Neighborhood Intelligence, Inc. (formerly Bed Bath & Beyond, Inc.) is acquiring Fathom Holdings Inc. via a merger, with Fathom stockholders receiving 0.2236 NXH shares per Fathom share (subject to downward adjustment), implying a value of approximately $1.34 per Fathom share based on the June 16, 2026 NXH price of $6.02. The merger requires Fathom stockholder approval, and the exchange ratio may be reduced by outstanding Bridge Note indebtedness and additional share issuances, making the final consideration uncertain. The Fathom Board unanimously recommends voting 'FOR' the merger, but the implied value per share is low and subject to further dilution.

  • · Exchange Ratio is 0.2236 initially, but as of August 10, 2026, it would be 0.2229 without Bridge Note adjustments.
  • · If all outstanding options and restricted stock units were exercised/vested, the Exchange Ratio would drop to 0.2081.
  • · The Exchange Ratio is subject to further downward adjustment based on Bridge Note indebtedness as of three business days before closing.
  • · The Merger Consideration amount and market value will not be known at the time of the stockholder vote.
  • · Approval requires affirmative vote of holders of at least a majority of voting power of outstanding Fathom Common Stock.
  • · Special Meeting date and record date are not yet specified in the filing.
Orion Capital Management LLC 13F-HR neutral materiality 5/10

18-08-2026

Orion Capital Management LLC filed its Form 13F-HR for the period ending June 30, 2026, reporting total holdings of approximately $3.23 billion across 516 positions. The portfolio is heavily weighted toward large-cap U.S. equities, with top holdings including Apple Inc. ($1.29B), Amazon.com Inc. ($633M), and Alphabet Inc. ($530M combined Class A & C). The firm also maintains significant positions in structured ETF products, particularly Innovator ETFs, and holds a mix of call options on select names like Advanced Micro Devices, Apple, Arista Networks, ASML, and Bloom Energy Corp.

  • · The filing includes call options on Advanced Micro Devices (Jul 550), Apple (Jul 320), Arista Networks (Jul 170, Aug 180), ASML (Jul 1900), and Bloom Energy Corp (Jul 200, Aug 230, Jul 280, Dec 280, Jul 300).
  • · The portfolio includes a significant allocation to structured equity buffer ETFs from Innovator ETFs Trust, with multiple series across different expiration months and buffer levels.
  • · The firm holds positions in several thematic ETFs including Global X Defense Tech ETF, Amplify Cybersecurity ETF, and Invesco Aerospace & Defense ETF.
  • · The filing includes positions in iShares Bitcoin Trust, iShares Gold Trust, and iShares Silver Trust, indicating exposure to digital assets and precious metals.
  • · The portfolio includes a mix of large-cap growth (Apple, Amazon, Alphabet, Microsoft, NVIDIA) and value-oriented positions (Berkshire Hathaway, Chevron, Exxon Mobil, Coca-Cola).
  • · The firm holds positions in several energy-related companies including Bloom Energy Corp, Constellation Energy Corp, Enlight Renewable Energy Ltd, and First Solar Inc.
  • · The filing includes positions in several healthcare companies including Eli Lilly, AbbVie, Abbott Laboratories, Bristol-Myers Squibb, and Intuitive Surgical.
  • · The portfolio includes positions in several financial services companies including BlackRock, Blackstone, Apollo Global Management, Goldman Sachs, Citigroup, and Bank of America.
  • · The filing includes positions in several industrial companies including Boeing, Caterpillar, Deere, Eaton, Honeywell, and General Dynamics.
  • · The portfolio includes positions in several technology companies including Adobe, Advanced Micro Devices, Arista Networks, ASML, Broadcom, Cisco, CrowdStrike, and Palo Alto Networks.
NFT Ltd F-1 neutral materiality 8/10

18-08-2026

NFT Ltd (MI) filed an F-1 registration statement with the SEC on August 17, 2026, for an IPO of up to 591,016 units (or pre-funded units), each consisting of one Class A ordinary share and one common warrant (or pre-funded warrant) to purchase one Class A ordinary share. The offering also includes up to 591,016 Class A ordinary shares underlying the pre-funded warrants and 591,016 Class A ordinary shares underlying the common warrants. The filing does not disclose the offering price or net proceeds, and no financial results are provided.

  • · The registration statement incorporates by reference prior SEC filings including Form 20-F filed May 1, 2026, and Form F-4 (File No. 333-268865) filed December 19, 2022.
  • · The company is incorporated in the Cayman Islands and its business address is in Hong Kong.
  • · The offering is being conducted on a firm-commitment basis through a placement agent, with certificates to be delivered at closing.
  • · The SEC file number is 333-298398 and the film number is 261288180.
  • · The company's website is https://www.nftoeo.com/.
JDM Financial Group LLC 13F-HR neutral materiality 3/10

18-08-2026

JDM Financial Group LLC filed its 13F-HR for the period ending June 30, 2026, reporting a portfolio value of approximately $292.9 million. The filing shows a diversified portfolio with significant holdings in ETFs and large-cap stocks, including major positions in Schwab U.S. Large-Cap ETF, Vanguard S&P 500 ETF, and Innovator U.S. Small Cap Power Buffer ETF - January. The filing does not provide period-over-period comparisons, so performance trends cannot be assessed.

  • · The portfolio includes 332 holdings.
  • · The largest holding by value appears to be the Schwab U.S. Large-Cap ETF with 6,536 shares.
  • · The filing includes holdings in various Innovator Power Buffer ETFs with different monthly series (January, February, March, April, May, July, August).
  • · The portfolio includes exposure to multiple asset classes including equities, fixed income, REITs, and commodities.
  • · The filing is for the quarter ended June 30, 2026, and was filed on August 18, 2026.
Leo H. Evart, Inc. 13F-HR mixed materiality 5/10

18-08-2026

Leo H. Evart, Inc. filed its quarterly Form 13F-HR for the period ending June 30, 2026, reporting a total portfolio value of approximately $126.63M across 328 holdings. The filing shows significant investment in large-cap dividend and growth ETFs, including major positions in Schwab U.S. Large-Cap Growth ETF ($10.9M), Vanguard Value Index Fund ($6.8M), and Vanguard Total Bond Market Index Fund ($5.8M). However, the filing also reveals small, speculative stakes in several high-risk or distressed companies (e.g., Neomagic Corp $1, Foru Holdings $0, Idaho Copper Corp $18, Charlottes Web Holdings $1), resulting in a mixed overall risk profile.

  • · Portfolio includes 1 share each of Alibaba Group ($96), APA Corp ($33), and American Outdoor Brands ($12), indicating small exploratory positions.
  • · Holdings include negligible positions in distressed/speculative equities: Neomagic Corp ($1, 40 shares), Foru Holdings ($0, 304 shares), Idaho Copper Corp ($18, 3 shares), Charlottes Web Holdings ($1, 3 shares).
  • · The filing does not provide prior quarter comparisons, so quarter-over-quarter changes are not available.
  • · Filer's address is 3 Lagoon Drive, Suite 155, Redwood City, CA 94065.
Churchill Capital Corp X/Cayman 8-K/A mixed materiality 8/10

18-08-2026

Infleqtion reported updated Q2 2026 revenue of $13.5M, up 157% YoY, and raised FY26 revenue guidance to ~$45.1M from ~$43M due to an immaterial accounting adjustment shifting revenue recognition between periods for two government contracts. However, GAAP operating loss widened to $29.9M from $10.4M in Q2 2025, and non-GAAP operating loss increased to $16.2M from $7.6M, reflecting higher operating expenses and stock-based compensation. The company also filed a Form 12b-25 for a late 10-Q filing, one business day past the deadline.

  • · Revenue growth was 100% organic and entirely from quantum.
  • · The accounting adjustment had no impact on cash or underlying business fundamentals.
  • · Operating cash flow and cash on the balance sheet remain unchanged from the August 12 press release.
  • · The company filed a Form 12b-25 for late filing of its Form 10-Q, one business day past the deadline.
  • · Stock-based compensation expense for H1 2026 was $20.4M, up from $1.9M in H1 2025.
  • · Total assets increased to $641.5M as of June 30, 2026, from $113.2M at December 31, 2025, primarily due to the business combination.
  • · Net cash used in operating activities for H1 2026 was $6.0M, compared to $9.7M in H1 2025.
  • · The company had $417.7M in current available-for-sale securities and $104.8M in non-current available-for-sale securities as of June 30, 2026.
  • · Accumulated deficit grew to $287.9M as of June 30, 2026, from $233.5M at December 31, 2025.
GRAY MEDIA, INC 8-K mixed materiality 7/10

18-08-2026

Gray Media, Inc. priced a $750 million offering of 7.500% senior secured first lien notes due 2034 in a private placement. The proceeds will be used to redeem a portion of its higher-cost 10.500% senior secured first lien notes due 2029, repay revolving credit facility borrowings, and pay related fees and expenses. This refinancing reduces the company's interest burden but increases total debt outstanding.

  • · The new notes are being offered under Rule 144A and Regulation S exemptions and will not be registered under the Securities Act.
  • · The offering does not constitute a notice of redemption for the 2029 Notes.
  • · Proceeds also cover fees and expenses related to the offering.
Aptera Motors Corp S-1/A neutral materiality 8/10

18-08-2026

Aptera Motors Corp. filed an S-1/A registration statement with the SEC on August 17, 2026, for the resale of up to 4,320,000 shares of Class B common stock issuable upon exercise of warrants by selling stockholders. The company, which has not yet commenced production of its flagship solar electric vehicle (SEV), the Aptera, will not receive any proceeds from the share sale but may receive proceeds from cash warrant exercises for working capital. The filing highlights significant risks including lack of production, intense competition, technology development challenges, and the need for substantial additional capital.

  • · The company qualifies as an 'emerging growth company' with less than $1.235 billion in annual revenue.
  • · Aptera Motors Corp. was formed on March 4, 2019, under Delaware law and is a public benefit corporation.
  • · The company has two classes of common stock: Class A (voting, convertible to Class B) and Class B (non-voting, except after Final Conversion Date).
  • · Common stock is listed on Nasdaq under the symbol 'SEV'.
  • · The company has not yet commenced production of its SEVs and faces risks related to scaling production, competition, technology development, and funding.
  • · The company will not receive any proceeds from the shares offered by selling stockholders, but may receive proceeds from cash warrant exercises.
Churchill Capital Corp X/Cayman 10-Q mixed materiality 8/10

18-08-2026

Churchill Capital Corp X/Cayman (CCCXU) filed its 10-Q for the quarter ended June 30, 2026, reporting total revenue of $13.5M for Q2 2026, up 157% from $5.3M in Q2 2025, driven by a surge in service revenue ($10.4M vs $1.7M). However, the company posted a net loss of $24.7M for the quarter, widening from a $9.2M loss in the prior-year period, as operating expenses (R&D and SG&A) grew faster than revenue. The balance sheet strengthened significantly following a business combination, with total assets of $641.5M (up from $113.2M at year-end 2025) and stockholders' equity of $574.4M (vs. a deficit of $210.7M).

  • · Product revenue declined 11% YoY in Q2 2026 ($3.2M vs $3.6M) and 31% in H1 2026 ($6.8M vs $9.9M).
  • · Service revenue surged 504% YoY in Q2 2026 ($10.4M vs $1.7M) and 361% in H1 2026 ($16.7M vs $3.6M).
  • · Gross profit improved to $2.2M in Q2 2026 from $0.7M in Q2 2025, but gross margin remained low at 16%.
  • · Operating expenses (R&D + SG&A) totaled $32.5M in Q2 2026, up 181% from $11.6M in Q2 2025.
  • · Stock-based compensation expense was $20.4M in H1 2026 vs $1.9M in H1 2025, a 979% increase.
  • · Cash used in operating activities improved to $6.0M in H1 2026 from $9.7M in H1 2025.
  • · The company held $541.2M in financial assets (cash equivalents and available-for-sale securities) as of June 30, 2026.
  • · All convertible redeemable preferred stock ($296.8M) was converted to common stock during H1 2026.
  • · Weighted average shares outstanding increased from 15.6M in Q2 2025 to 219.7M in Q2 2026.
  • · Net loss per share improved from ($0.59) in Q2 2025 to ($0.11) in Q2 2026 due to the increase in share count.
Royale Energy, Inc. NT 10-Q negative materiality 5/10

18-08-2026

Royale Energy, Inc. filed a Form NT 10-Q on August 18, 2026, indicating it cannot timely file its Quarterly Report for the period ended June 30, 2026 due to an extended financial close process. The company expects to file within the five-day extension period under Rule 12b-25, but it also disclosed that it has not yet filed its prior quarter's Form 10-Q (for March 31, 2026), signaling ongoing reporting delays.

  • · The company has not filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.
  • · The filing is for the period ended June 30, 2026.
  • · The company does not anticipate any significant change in results of operations from the corresponding prior fiscal year period.
Ray Maple Inc. F-1 neutral materiality 5/10

18-08-2026

Ray Maple Inc., a Hong Kong-based prepackaged software company, filed an F-1 registration statement with the SEC on August 17, 2026, for an initial public offering on Nasdaq. The filing includes a code of business conduct, director nominee consents from Lau Kin Shing Charles, Weihong Dai, and Tianshi Yang, and a clawback policy compliant with Section 10D of the Exchange Act and Nasdaq Listing Rule 5608. No financial data or offering details are disclosed in this filing.

  • · The company is incorporated in E9 (likely Hong Kong) with business address in Kwun Tong.
  • · The filing includes a clawback policy covering executive officers and requiring recoupment of excess incentive compensation in the event of an accounting restatement.
  • · The clawback policy applies to both 'Big R' and 'little r' restatements and covers a three-year lookback period.
  • · The company has adopted a code of business conduct that includes provisions on insider trading, anti-corruption (FCPA and Hong Kong Prevention of Bribery Ordinance), and confidentiality.
Amer Sports, Inc. 6-K neutral materiality 3/10

18-08-2026

Amer Sports, Inc. released its financial results for the second quarter ended June 30, 2026, via a press release furnished as Exhibit 99.1. The filing is a routine foreign issuer report on Form 6-K and does not provide specific financial figures in the main document. The results are expected to reflect the company's performance in the quarter, but no quantitative data or period-over-period comparisons are included in this filing.

  • · The press release is furnished as Exhibit 99.1 and is not deemed filed under the Exchange Act.
  • · The filing date is August 18, 2026, for the quarter ended June 30, 2026.
Zentek Ltd. 6-K neutral materiality 1/10

18-08-2026

Zentek Ltd. filed a Form 6-K with the SEC on August 18, 2026, attaching a news release dated August 17, 2026. The filing is a routine foreign issuer report and does not contain any specific financial results, material events, or quantitative data beyond the cover page information.

  • · Filing is a Form 6-K for the month of August 2026 under SEC Rule 13a-16 or 15d-16.
  • · Commission file number: 001-41310.
  • · Company address: 1123 York Road, Guelph, Ontario N1E 6Z1, Canada.
  • · Company files annual reports under Form 40-F (checked).
  • · Exhibit 99.1 is a news release dated August 17, 2026, but its content is not included in the filing text.

Get daily alerts with 11 investment signals, 10 risk alerts, 10 opportunities and full AI analysis of all 50 filings

$30/mo after a 14-day free trial — no credit card required. See pricing or explore intelligence streams.

More from: US SEC Filings Daily Market Digest

🇺🇸 More from United States

View all →