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M&A Activity

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US Merger & Acquisition SEC Filings — July 08, 2026

The July 8, 2026, M&A digest reveals a bifurcated market: SPAC activity is surging (5 IPOs/business combinations), but with significant execution risk, as evidenced by high redemption rates (Securitize: 23%), going-concern qualifications (Quantum Leap), and restatements (FutureTech II). The real asset and energy transition themes are prominent, with IQM Quantum Computers and Air Water Ventures closing deals, while traditional energy M&A (Presidio Production) shows strong projected returns (~20% FCF yield). Divestitures are a key capital allocation tool, with CommScope/Vistance Networks ($1.846B) and Azenta ($63M) streamlining operations. However, distress is also present, highlighted by Charles & Colvard's bankruptcy sale for $2.7M and Ashford Hospitality's asset sale to deleverage. Period-over-period data from pro-forma statements reveals that divested assets (e.g., RUCKUS) were disproportionately profitable, raising concerns about the quality of remaining businesses. Insider activity is limited, but the high redemption rates and material weakness disclosures signal management and market skepticism on several SPAC deals. The overall sentiment is mixed, with high-volume, high-valuation deals in quantum and real estate contrasting with distressed exits and accounting failures.

17 high priority 17 total filings
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US Merger & Acquisition SEC Filings — July 07, 2026

The July 7, 2026 M&A digest reveals a market bifurcated between aggressive SPAC formation and strategic corporate divestitures. Three major SPAC IPOs (Osprey III, Viking II, FortuneX) raised over $461 million, signaling strong sponsor appetite for blank-check vehicles despite ongoing challenges in completing deals, as evidenced by Launch One's extension filing. On the corporate side, two significant asset sales closed: MacroGenics' $122.5 million manufacturing sale to Bora Pharmaceuticals and CareDx's $171.2 million Lab Products divestiture to Eurobio Scientific, both generating substantial cash for strategic refocusing. The most dramatic event is Olaplex's filing to reduce authorized shares to just 1,000, strongly suggesting a going-private transaction or major restructuring. A notable trend is the pivot toward AI and defense technology, with Glimpse Group selling non-core assets to become a pure-play Physical AI company and D. Boral ARC Acquisition merging with Exascale Labs, though the latter carries extreme dilution risk for public shareholders. The Brag House/Dogecoin merger represents a unique crypto-corporate crossover, while Banzai's potential acquisition of ConnectAndSell highlights the risks of acquiring a declining revenue business with widening losses. Overall, the period shows active capital recycling, with SPACs raising new funds while existing companies streamline operations through divestitures.

16 high priority 16 total filings
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US Merger & Acquisition SEC Filings — July 06, 2026

The July 6, 2026, filings reveal a vigorous M&A landscape, with six major transactions totaling over $4.4 billion in disclosed value, alongside four IPOs/separations from SPACs totaling roughly $270 million in gross proceeds. Key period-over-period trends include AIS's 80%+ revenue growth from FY2022 to FY2025 and significant pro forma financial improvements from asset sales at Ashford Hospitality Trust, which swung from a $(215M) net loss to a $(130.8M) loss post-sale. A common theme is the use of SPACs to complete business combinations (3 deals), with two extensions indicating delays. Insider activity is minimal, but management conviction is evident in the large-spend M&A transactions. The most critical development is CoreCivic's $1.5B facility sale to DHS, which de-levers the company dramatically. A notable sector theme is the monetization of non-core or underperforming assets (Ashford, Maison Solutions) to focus on core operations, and a strong tilt toward defense and industrial tech acquisitions (Diversified Energy, Ondas, Cemtrex). Several risk flags include leverage increases from acquisitions, declining same-store metrics from asset sales, and pending shareholder approvals that could delay closings.

16 high priority 16 total filings
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US Merger & Acquisition SEC Filings — July 01, 2026

The July 1, 2026, M&A filings reveal a surge in deal completions across healthcare, financials, and technology, with 15 of 26 filings representing closed transactions. A key theme is the strategic repositioning of companies through divestitures and acquisitions, such as National Healthcare Corp. (NHC) acquiring 35 facilities from National Health Investors (NHI) for $560M, and Belden acquiring RUCKUS Networks for $1.846B to expand its networking solutions. SPACs show mixed activity, with Plum Acquisition Corp. IV seeking an extension and Allegro Merger Corp. pursuing a quantum computing merger, while Arogo Capital Acquisition Corp. extended its deadline by an unusually long 78 months. Insider activity is limited, but the absence of insider selling in most deals suggests management confidence. Forward-looking data highlights significant synergy targets, including QXO's $300M annual synergies by 2030 from its TopBuild acquisition. Capital allocation trends show a mix of cash and stock deals, with several transactions funded through debt and equity, indicating a healthy M&A market. Period-over-period comparisons are limited as most filings lack financial metrics, but the scale of deals and premium valuations (e.g., Select Medical at 18% premium) point to robust buyer appetite.

26 high priority 26 total filings
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US Merger & Acquisition SEC Filings — June 30, 2026

The US M&A landscape is characterized by a surge in SPAC-driven transactions, with three new business combinations (Spring Valley/General Fusion, Launch Two/NuCube Energy, Bleichroeder/Pasqal) and two SPAC IPOs (Futurewave, Alpex) totaling $75M and 11.5M units, alongside a notable postponement (Plum IV). Divestitures are a key theme, with SSR Mining and Spire Inc. completing high-value asset sales ($1.49B and $650M respectively) to sharpen strategic focus, while Janus Henderson's $52/share take-private by a consortium of Trian, General Catalyst, and QIA marks a major shift in asset management. The deals span nuclear fusion, quantum computing, AI data centers, and enterprise software, reflecting a broad appetite for deep tech and infrastructure. Period-over-period data reveals that SSR Mining's pro forma net income from continuing operations would have surged 34% in 2025 (to $529.5M) versus reported figures, while Spire's storage sale proceeds partially funded its Piedmont Natural Gas acquisition, a capital allocation pivot. Insider activity is limited, but the lock-up agreements in Launch Two and non-redemption incentives in Blue Acquisition highlight alignment mechanisms. The most critical developments are the Janus Henderson delisting, which removes a $0.5T AUM manager from public markets, and the pre-revenue nature of NuCube Energy, which carries execution risk despite an $850M valuation.

11 high priority 11 total filings
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US Merger & Acquisition SEC Filings — June 29, 2026

This U.S. M&A and takeover digest spans 11 filings, with a heavy concentration of SPAC activity alongside significant corporate transformations and asset acquisitions. The most critical development is Honeywell's completion of its Aerospace Technologies spin-off, a major strategic pivot that creates three independent, focused leaders and is expected to unlock substantial shareholder value through a pure-play structure. The period also saw a landmark transaction in the real assets management sector, where CIM Real Estate Finance Trust acquired CIM Group's business in a deal that values the combined entity's assets at over $30 billion, though existing CMFT shareholders were diluted to a 32.5% stake. Another notable M&A theme is the trend of early-stage biotech de-SPACs, exemplified by Talawar Therapeutics' merger with JATT II Acquisition Corp, which is bolstered by a massive $285 million in proceeds including an oversubscribed $225 million PIPE. On the lower end of the materiality spectrum, several SPACs are merely extending deadlines or completing administrative steps, such as unit separations, reflecting a challenging environment for finding viable targets. Blue Owl's acquisition of a data center facility in Virginia underscores the growing appetite for digital infrastructure assets. A significant risk flag is raised by Acura Pharmaceuticals, whose debt load has ballooned by 361% since 2022, indicating severe financial distress. Overall, the quarter ended with a clear bifurcation: high-conviction, well-capitalized M&A (Honeywell, Talawar/JATT, Blue Owl) versus capital-constrained, deadline-driven SPACs (CSTAF, Alpex).

11 high priority 11 total filings
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US Merger & Acquisition SEC Filings — June 26, 2026

The June 26, 2026 US M&A digest reveals a bifurcated SPAC landscape: one new IPO (Texas Ventures IV) successfully launched with $172.5M, while two SPACs (Israel Acquisitions Corp, International Media Acquisition Corp) face existential challenges with deal terminations and repeated extension reliance. The most actionable event is Stratus Properties' $46.5M asset sale as part of its liquidation plan, generating $21.7M in net proceeds for potential shareholder distributions. Two SPACs (Charlton Aria, Willow Lane II, Hall Chadwick) reported only governance or compliance updates with no financial impact. ProAssurance's filing signals a major corporate restructuring or going-private transaction via a dramatic reduction in authorized shares to 2,000. No period-over-period revenue or margin trends were present in these filings, as most are SPACs with no operations. The key theme is capital recycling: Stratus is monetizing assets for liquidation, while SPACs are burning cash on extensions and deal costs.

8 high priority 8 total filings
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US Merger & Acquisition SEC Filings — June 26, 2026

The June 26, 2026, US M&A and takeover landscape is dominated by SPAC activity, with a clear bifurcation between successful capital formation and failed deal execution. Texas Ventures Acquisition IV Corp successfully raised $172.5M in its IPO, signaling continued investor appetite for new SPAC vehicles despite market headwinds. Conversely, Israel Acquisitions Corp terminated its long-pursued business combination with Gadfin Ltd. after multiple amendments, and International Media Acquisition Corp made its 19th trust extension payment, highlighting persistent challenges in consummating deals. In a significant non-SPAC development, Stratus Properties Inc. completed a $46.5M asset sale as part of its approved liquidation plan, generating $21.7M in net proceeds for shareholder distributions. ProAssurance Corp filed a certificate of incorporation reducing authorized shares to just 2,000, strongly suggesting a going-private transaction or major restructuring. The period saw no insider trading activity or forward-looking guidance changes across the filings, but the capital allocation and transaction details provide actionable intelligence on sector trends.

8 high priority 8 total filings
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US Merger & Acquisition SEC Filings — June 25, 2026

The USA M&A & Takeover Activity stream for June 25, 2026, reveals a market bifurcated between high-conviction, large-scale take-private deals and struggling SPACs facing deadline pressures and shareholder dissent. The most material event is the $8.4 billion take-private of Clearwater Analytics at a 47% premium, signaling strong private equity appetite for quality tech assets. Conversely, the SPAC sector shows significant stress: BPGC's merger with iRocket has collapsed, Flag Ship and Launch One face shareholder redemptions and extension votes, and Cayson has pushed its deadline for a third time. However, positive signals emerge from Live Oak's successful $525 million combination with Teamshares and Real Asset's shareholder approval of a quantum computing merger, though the latter saw only 63% turnout. A notable trend is the strategic pivot of smaller companies like Gaxos.ai and HeartCore, which are divesting non-core assets to focus on higher-margin AI and advisory services. The period-over-period data is limited for these event-driven filings, but the forward-looking data and insider activity (or lack thereof) provide clear signals: sponsor support and shareholder patience are waning for many SPACs, while private equity remains aggressive for proven platforms.

14 high priority 14 total filings
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US Merger & Acquisition SEC Filings — June 24, 2026

The US M&A landscape on June 24, 2026, is characterized by a strong bifurcation between successful, high-confidence deal closures and struggling blank-check companies facing shareholder dissent. The period's most significant event is the completion of **Centessa Pharmaceuticals'** acquisition by Eli Lilly for $38.00 per share plus CVRs, a high-materiality event that removes a public company from the market. In the SPAC space, **Alpha Star Acquisition Corp** achieved overwhelming shareholder approval for its business combination with XDATA Group, with a negligible 46 shares redeemed, signaling strong market confidence. Conversely, **Quartzsea Acquisition Corp** faced significant shareholder pushback, with 11.2% of shares redeemed to approve a simple extension, highlighting a trust deficit. The IPO of **Texas Ventures Acquisition IV Corp** adds a new $150 million vehicle to the market, while **Spring Valley Acquisition Corp. III** secured a small working capital loan to sustain operations. The aggregate data shows a clear trend: SPACs with credible targets and strong execution (Alpha Star) are rewarded, while those without a clear path (Quartzsea) face redemptions and uncertainty.

5 high priority 5 total filings
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US Merger & Acquisition SEC Filings — June 23, 2026

The June 23, 2026, filings reveal a bifurcated M&A landscape: two high-conviction, large-scale transactions (Quantum Computing Inc.'s $73.1M acquisition of NHanced Semiconductors and Silicon Valley Acquisition Corp.'s merger with EigenQ) signal aggressive capital deployment in quantum and AI infrastructure, while three SPACs (Eureka, Cayson, Translational Development) show incremental progress or deadline extensions, indicating a slower, more cautious pace for blank-check vehicles. Ashford Hospitality Trust's asset sale improves its balance sheet but does not resolve its deep negative equity, highlighting ongoing distress in the hospitality sector. A key period-over-period trend is the lack of revenue or margin data in most filings, limiting trend analysis, but the Quantum Computing deal includes a $72.0M earn-out tied to performance targets, suggesting high growth expectations. Insider activity is limited to Cayson's monthly trust contributions, which signal sponsor commitment but also financial strain. The most critical development is Quantum Computing's vertical integration into nanophotonics, which could accelerate its TFLN platform commercialization and create a competitive moat. Portfolio-level patterns include a focus on technology-driven acquisitions (quantum, AI, photonics) and a reliance on SPAC structures for deal execution, with varying degrees of financial disclosure and risk.

7 high priority 7 total filings
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US Merger & Acquisition SEC Filings — June 22, 2026

The USA M&A landscape on June 22, 2026, is dominated by SPAC activity and strategic divestitures. Two SPACs (Live Oak Acquisition Corp. V and Real Asset Acquisition Corp.) are progressing toward business combinations, with Live Oak facing a massive 80% shareholder redemption, signaling market skepticism. Kosmos Energy completed a divestiture of Equatorial Guinea assets, improving its balance sheet but reducing revenue. P10 (Ridgepost Capital) closed an acquisition of Stellus Capital Management, expanding its private credit platform. YHN Acquisition I extended its deadline, highlighting SPAC time pressure. Quantum Leap Acquisition Corp. and Safe & Green Holdings Corp. are in earlier stages. Key trends include high SPAC redemptions, strategic divestitures for debt reduction, and consolidation in asset management. No insider trading or forward guidance was reported in these filings.

7 high priority 7 total filings
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US Merger & Acquisition SEC Filings — June 18, 2026

The 11 filings in this M&A digest reveal a bifurcated SPAC landscape: while newly-formed blank-check companies like AmperCap and Keystone are successfully raising capital and enabling unit separation, a cluster of older SPACs (PHP Ventures, Bayview, Digital Asset Acquisition) are burning through extension deposits and facing existential deadlines. The most material event is the court-approved Chapter 11 sale of Twin Hospitality Group's parent (Fat Brands) to FBG Bid Co., with a $44M backup bid for Round Table Pizza, signaling distressed asset liquidation. Insider activity is minimal, but the mass resignation of M3-Brigade's entire board and C-suite (replaced by CC Capital executives) hints at a strategic pivot or pending deal. Period-over-period trends are sparse due to the pre-revenue nature of SPACs, but the aggregate data shows a clear pattern: 4 of 11 filings involve deadline extensions or redemption mechanics, indicating that the SPAC market's 'use-it-or-lose-it' pressure is intensifying. The most actionable intelligence lies in the non-redemption warrant structure at Digital Asset Acquisition, which creates a unique arbitrage opportunity for shareholders who hold through the merger.

11 high priority 11 total filings
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US Merger & Acquisition SEC Filings — June 17, 2026

The June 17, 2026 M&A filings reveal a bifurcated SPAC market: two SPACs (Flag Ship, Melar) extended deadlines due to deal scarcity, while three others (Ocean Capital, Collective Acquisition II, General Catalyst) progressed toward targets. Two significant corporate divestitures closed—Ziff Davis sold its Connectivity division for $1.2B, and Harmonic sold its Video Business for $145M—both streamlining into higher-growth core operations. Rumble's acquisition of Northern Data AG (85.2% stake) stands out as the highest-materiality event, with a 30% upward revenue guidance revision to €170-190M and 85% GPU utilization, though integration risks remain. Rigel Pharmaceuticals' $70M upfront acquisition of global rights to VEPPANU™ (vepdegestrant) signals aggressive pipeline expansion in oncology. Planet Green's nominal disposition of loss-generating chemical assets reduces its balance sheet but leaves a $16.1M net loss from continuing operations. The period-over-period data shows no revenue growth trends across the set, but forward-looking guidance from Rumble (+30%) and JAB's $1.6B revenue target for 2025 provide key valuation anchors.

16 high priority 16 total filings
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US Merger & Acquisition SEC Filings — June 16, 2026

The M&A landscape on June 16, 2026, was dominated by the finalization of two major take-private deals: Kennedy-Wilson Holdings ($10.90/sh) and Assertio Holdings ($23.50/sh), marking a clear trend of public-to-private exits in the real estate and pharma sectors. A concurrent surge in SPAC-related activity provides a counterbalance, with new IPOs (Snow Rothschild raising $226M), extension votes (Centurion extending to June 2027), and significant insider filings (Peace Acquisition Corp.) signaling a robust pipeline of future acquisition vehicles. Adding to the deal flow, Prestige Consumer Healthcare closed a major $1.045B brand acquisition, and Air T Inc. entered a cross-border agreement to acquire Arena Aviation Partners. The period's data is characterized by high cash consideration for take-primes, the use of trust accounts and complex securities in SPACs, and notable insider positioning for future shells, with the lack of forward-looking guidance in most filings suggesting deal teams are deep in execution mode.

11 high priority 11 total filings
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US Merger & Acquisition SEC Filings — June 15, 2026

The June 15, 2026 M&A digest reveals a bifurcated SPAC market: two blank-check companies (TLGY, WinVest) are burning through extension deposits, signaling distress, while Ocean Capital's fresh $100M IPO shows continued appetite for new SPACs. In the operating company space, Talen Energy's $2.55B asset acquisition is immediately accretive (15%+ cash flow per share boost) and financed with a mix of cash, stock, and debt refinancing that saves $40M/year in interest—a textbook accretive deal. Allbirds' $40.7M asset sale to American Exchange Group marks a strategic pivot, returning capital to shareholders via a special dividend. NextTrip's controlling stake in YADA Commerce (a TikTok partner) is a high-risk/high-reward bet on creator-commerce, but lacks disclosed consideration. Natural Gas Services Group's $120M Flatrock acquisition (6.2x EBITDA) is immediately accretive and diversifies its Permian/Eagle Ford footprint, albeit with 3x pro forma leverage. The overarching theme is capital discipline: buyers are using stock, debt, and cash judiciously, while sellers are monetizing non-core assets to return cash to shareholders.

7 high priority 7 total filings
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US Merger & Acquisition SEC Filings — June 12, 2026

The June 12, 2026, US M&A digest reveals a market dominated by SPAC activity, with 18 of 19 filings involving blank-check companies. The most critical development is the significant shareholder skepticism toward SPAC extensions, highlighted by Pantages Capital Acquisition Corp, where 66% of public shares were redeemed following an extension vote, leaving only $29M in trust. This contrasts with positive capital-raising events, including FutureCorp Space Acquisition 1 ($230M IPO) and Snow Rothschild Acquisition Corp ($200M IPO), indicating robust supply of new SPACs seeking targets. A notable non-SPAC transaction is Rocket Pharmaceuticals' $180M sale of a Priority Review Voucher, providing a non-dilutive capital infusion that extends its cash runway into Q2 2028. The period-over-period data from Ashford Hospitality Trust's asset sale shows a modest improvement in net losses, but the company remains deeply distressed with a $3.09B accumulated deficit. Overall, the digest points to a market with ample SPAC capital seeking deployment, but growing investor resistance to extensions without clear targets, creating a bifurcated environment where well-capitalized SPACs with strong management may have an advantage in negotiating deals.

19 high priority 19 total filings
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US Merger & Acquisition SEC Filings — June 11, 2026

The June 11, 2026, M&A landscape is dominated by SPAC activity, with three distinct phases represented: a newly announced de-SPAC (Copley/Ignite Proteomics at $150M EV), a completed merger (Mountain Lake/Avalanche Treasury), and two SPACs seeking extensions (Bowen, Melar) signaling potential distress. The most material transaction is Chiesi's completed acquisition of KalVista Pharmaceuticals for $27/share, a 100% premium that provides a clear exit for shareholders. A notable trend is the shift toward specialized, high-growth sectors: precision oncology (Ignite), nickel-zinc batteries for AI data centers (ZincFive at $752M EV), and colon-targeted therapies for ulcerative colitis (Adial/Azora). However, financial health across SPACs is mixed, with Tribeca Strategic Acquisition showing a $4.7M shareholders' deficit and going-concern doubts despite a $140M IPO, while YHN Acquisition I faces Nasdaq delisting risk due to insufficient holders. Insider activity is sparse, but the high 17.5% interest rate on Melar's sponsor note signals desperation for working capital. The aggregate data reveals a bifurcated market: capital is flowing into high-conviction, revenue-doubling targets like ZincFive, while cash-strapped SPACs are burning through trust accounts and scrambling for extensions.

10 high priority 10 total filings
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US Merger & Acquisition SEC Filings — June 10, 2026

The US M&A landscape is dominated by SPAC activity, with three major de-SPAC transactions closing (Einride/Legato, Factorial/Cartesian, and Keystone's IPO) and several others racing against extension deadlines. The most significant trend is the divergence between successful high-quality deals (Einride's $1.35B valuation with oversubscribed PIPE) and struggling SPACs (byNordic on its 11th extension, Pantages seeking a full-year extension). A notable sector theme is the convergence of energy transition and technology, with two major de-SPACs in battery tech (Factorial) and autonomous electric freight (Einride). The Masimo filing confirms a high-profile merger is proceeding, with detailed executive retention terms signaling deal certainty. Capital market conditions remain supportive for SPAC IPOs, evidenced by Keystone's $287.5M raise, but the high failure rate of extensions (3 of 13 filings) suggests a two-tier market emerging between viable targets and cash-rich shells desperate for deals.

13 high priority 13 total filings
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US Merger & Acquisition SEC Filings — June 09, 2026

The US M&A landscape on June 9, 2026, is dominated by SPAC activity, with 10 of 14 filings involving blank-check companies at various stages of their lifecycle. A clear bifurcation is emerging: high-quality SPACs with attractive targets (QuasarEdge/Robseek, Live Oak/Teamshares) are progressing toward completion, while others face existential risks from delisting (Eureka Acquisition) and governance failures (Renatus Tactical). The most critical development is Getaround's confirmed dissolution, representing a total loss for equity holders and highlighting the risks in distressed SPAC survivors. Period-over-period comparisons reveal no revenue or margin data across filings, but insider activity and capital allocation signals are stark: Getaround's liquidation and Renatus's board resignation are bearish, while Live Oak's non-redemption agreements and Flag Ship's compliance regain are bullish. The SPAC sector is showing signs of maturity, with deal values ranging from $1 billion (QuasarEdge/Robseek) to undisclosed amounts, and extension deadlines creating time-sensitive catalysts. Investors should focus on the June 16 Live Oak shareholder vote and the June 15 Ribbon Acquisition deadline as near-term events.

14 high priority 14 total filings