ACCURAY INC 8K

Accuray Incorporated agreed to a $55 million recapitalization transaction with its lenders involving issuance of new Series A convertible preferred stock, penny warrants, and concurrent debt conversion and amendments, contingent on stockholder approval and a reverse stock split, with a debt-and-fee fallback if approval is not obtained.

Accuray Incorporated entered into a Securities Purchase Agreement dated July 29, 2026 with existing lenders under its June 6, 2025 Financing Agreement, pursuant to which the company will issue a new Series A Convertible Preferred Stock and related penny warrants in a private placement exempt from registration, in exchange for $55 million of consideration consisting of $15 million in new cash and $40 million of existing term loan debt converted into preferred equity at $1,000 per share, contingent on stockholder approval and a reverse stock split, while concurrently amending the Financing Agreement, issuing new penny warrants for approximately 15.25 million common shares, and cancelling certain existing premium and super premium warrants, with provisions that if stockholder approval is not obtained, the $15 million cash becomes additional debt and triggers a non-refundable $15 million fee payable to the lenders.

Filing Facts

CIK

1138723

Ticker

-

Form

8K

Source Type

sec

Accession

0001437749-26-024904

Alert Tier

7