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S&P 500 Consumer Staples Sector SEC Filings — March 31, 2026

USA S&P 500 Consumer Staples

43 high priority7 medium priority50 total filings analysed

Executive Summary

Across 50 filings in the USA S&P 500 Consumer Staples intelligence stream (despite diverse inclusions like CMBS trusts and non-staples), dominant themes are routine CMBS 10-K compliance reports (28/50 filings) affirming servicer adherence with widespread master servicer transitions from Wells Fargo to Trimont LLC effective March 1, 2025, signaling operational stability but no financial upside. Operating companies show mixed period trends: revenue flat/declining in 7/10 with financials (e.g., KORE flat YoY, Movano -57% YoY, Hughes -8% YoY), but loss narrowing in KORE (-57% YoY net loss), BrainStorm (-11% YoY), and Movano (-23% YoY); margin compression in South Dakota Soybean (-40 bps) and Proficient Auto (EBITDA margin -590 bps). Capital allocation highlights Marsh & McLennan $2B record buybacks +10% dividends and SmartStop $1.60 annualized dividend target. Forward catalysts include KORE $726M merger (Q2/Q3 2026), BrainStorm Phase 3b enrollment (~200 pts), and Constellation earnings outlook call. Portfolio-level: 80% neutral sentiment in trusts, mixed in ops cos; no insider trades noted, low M&A in staples core but supply chain stress evident.

Tracking the trend? Catch up on the prior S&P 500 Consumer Staples Sector SEC Filings digest from March 25, 2026.

Investment Signals(11)

  • 2025 revenue +10% GAAP/+4% underlying to $27B, adj EPS +9%, $2B record buybacks + $1.7B dividends (+10% YoY), despite TSR lag

  • KORE Group(BULLISH)

    FY2025 rev flat at $286M but Adj EBITDA +19% to $63M, net loss -57% to $63M, FCF +$12.4M to positive $9M, pending $726M merger

  • 2025 op revenue +79% YoY to $430M, Adj EBITDA +51% to $37M, op cash flow +188% to $33M despite impairment drag

  • Declared April 2026 monthly div $0.1315/share (ann. $1.60 target), consistent payout signaling cash flow stability

  • FY2025 net loss -11% to $10.3M (R&D -11%, G&A -17%), $2M post-YE funding, Phase 3b FDA-cleared with EAP 50% 5-yr survival vs hist 20%

  • NAV $650M as of Dec 2025, +3.98% sensitivity to -25 bps cap rate, tenant/industrial diversification mitigates REIT qual risk

  • Despite rev -9% YoY to $504M, assets +56% to $843M on $553M PPE expansion, net income -13% but EPS $0.58 stable

  • $50M ATM offering via top agents (Cantor, Roth), post-S3 filing, enables flexible capital raise for growth

  • Ellington Credit Co(NEUTRAL-BULLISH)

    $50M 8.5% notes due 2031 (opt +$7.5M), quarterly pay from Q2 2026, senior unsecured with 1940 Act compliance

  • New $ multi-tranche global credit facility (US/Euro/swingline), sustainability-linked, enhances liquidity for logistics expansion

  • Movano Inc(NEUTRAL-BULLISH)

    Op expenses -37% YoY to $16M, net loss -23% to $18M despite rev -57%, financing inflow $6M supports runway

Risk Flags(9)

  • FY2025 rev -8% to $1.44B, op loss widened to $1.6B (+840%), net loss $1.27B on $1.42B impairments, subs -16% to 0.74M, going concern doubt

  • Chapter 11 bankruptcy filing Mar 30 2026, trading highly speculative with no recovery guarantee

  • Movano Inc[HIGH RISK]

    Rev -57% YoY to $0.43M, cash burn $11M op + $5M net decline, customer concentration/sales risks, ongoing losses

  • Cash/restricted $0.3M YE2025, stockholders deficit -$10M (worsened +29%), ongoing losses despite narrowing

  • Op cash flow -167% to -$39M (from +$58M), investing outflow $202M, gross margin -40 bps to 4.9%, inv +195% to $133M

  • Net loss widened to $36M on $28M goodwill/intang impairment, op ratio 108% (+490 bps), EBITDA margin -590 bps to 0.6%

  • REIT qual failure risk erodes NAV/distributions, tenant reliance, op exps advanced/reimbursed over 60 mo

  • Helix Acquisition SPAC[MEDIUM RISK]

    Net loss $51k inception, $27k deficit, $121k related party note, no rev/cash flow

  • Welsbach/EMAT[HIGH RISK]

    Multiple going concern doubts in audits for EMAT/EM/subs, post-SPAC combo Jan 2026

Opportunities(8)

  • Pending all-cash $726M EV merger close Q2/Q3 2026, post strong EBITDA turnaround (+19% FY), no earnings call to avoid disruption [M&A ARBITRAGE]

  • BrainStorm/Phase 3b(CLINICAL CATALYST)

    FDA-cleared ENDURANCE study (~200 pts, ALSFRS-R endpoint), EAP data 50% alive/84 mo survival vs hist 20%, $2M funded

  • Marsh & McLennan/Buybacks(SHAREHOLDER RETURN)

    Record $2B repurchases FY2025, +10% div growth, 91% Say on Pay, McGriff integration done

  • Satellogic/ATM(CAPITAL RAISE UPSIDE)

    $50M equity offering at-market via premium agents, post fresh S-3, funds growth in earth observation

  • Prologis/Credit Facility(LIQUIDITY EXPANSION)

    New global senior facility Mar 26 2026 enhances logistics firepower amid staples supply chain needs

  • $1.60 ann div target reaffirmed Apr 2026 payout, storage demand tailwind for consumer goods

  • 2026 earnings guidance call Mar 31 2026, Calpine synergies/accretion post-acq

  • Ellington Credit/Notes(YIELD OPPORTUNITY)

    High-yield 8.5% notes $50M+ issue, redeemable 2028, NYSE list 'ELLA' for income in volatile rates

Sector Themes(5)

  • CMBS Servicer Stability(STABILITY THEME)

    25/28 CMBS 10-Ks report Trimont LLC master servicer transitions Mar 1 2025 from Wells Fargo, 100% compliance assertions (no exceptions), supports trust performance amid rate environment

  • Revenue Stagnation in Ops Cos(GROWTH HEADWIND)

    6/10 ops filings flat/declining rev (KORE 0%, Hughes -8%, Movano -57%, Soybean -9%, Proficient +79% outlier), avg -9% YoY ex-outlier, staples supply chain pressures

  • Loss Narrowing Amid Expenses Cuts(EFFICIENCY PLAY)

    4/6 loss-reporting cos improved net loss (KORE -57%, BrainStorm -11%, Movano -23%, Proficient outlier wider), driven by R&D/G&A -11-37% cuts despite impairments

  • Capital Return Focus(SHAREHOLDER FRIENDLY)

    Marsh $2B buybacks (largest ever), SmartStop $1.60 div target, KORE FCF positive inflection; contrasts heavy investing (Soybean $202M outflow)

  • Going Concern Clusters(DISTRESS THEME)

    4 filings flag doubts (Hughes, EMAT/SPAC, Lipella bk), tied to impairments/cash burn, watch staples-adjacent logistics/tech

Watch List(8)

  • Monitor Q2/Q3 2026 all-cash $726M deal completion, post flat rev but EBITDA inflection, no Q4 call [Q2-Q3 2026]

  • Phase 3b enrollment start (~200 pts, Part A 24-wk primary), EAP survival data catalyst, low cash $0.3M [2026 H2]

  • 2026 outlook discussion Mar 31 2026 (past), Calpine acq synergies/earnings accretion forward guidance

  • Chapter 11 proceedings post-Mar 30 2026 filing, stock speculative, monitor restructuring/recovery

  • Op CF -$39M swing, $202M capex, inv bloat +195%, Q1 2026 for margin recovery [Q2 2026 Earnings]

  • New facility terms/usage post-Mar 26 2026, logistics for staples supply chain [Q2 2026 Update]

  • CMBS Trusts/Servicer Transition
    👁

    25+ trusts post-Trimont Mar 1 2025 shift, watch Q2 delinquencies/performance in malls/hotels (e.g., Opry Mills, Blackstone Valley) [Q2 2026 10-Q]

  • $1.27B loss, subs -16%, financing needs amid broadband decline [Q2 2026 Filings]

Filing Analyses(50)
Citigroup Commercial Mortgage Trust 2016-GC3710-Kneutralmateriality 4/10

31-03-2026

Citigroup Commercial Mortgage Trust 2016-GC37 filed its 10-K annual report on March 31, 2026, containing reports on assessments of compliance with servicing criteria and attestation reports from multiple servicers, including master servicers Wells Fargo Bank (prior to March 1, 2025) and Trimont LLC (on and after), special servicers like Midland Loan Services and Greystone Servicing Company LLC, operating advisors like Park Bridge Lender Services LLC, and others such as Citibank N.A., Berkadia Commercial Mortgage LLC, and Wilmington Trust for mortgage loans including Sheraton Denver Downtown Fee, Austin Block 21, 5 Penn Plaza, Park Place, 79 Madison Avenue, and 600 Broadway under PSAs like CGCMT 2016-GC36, CGCMT 2016-P3, and DBJPM 2016-C1. The filing incorporates by reference 2016 mortgage loan purchase agreements and subservicing agreements. No financial performance metrics, delinquencies, or material non-compliance issues are detailed in the provided content.

  • ·Master servicer transition from Wells Fargo Bank to Trimont LLC effective March 1, 2025 for certain loans (e.g., 79 Madison Avenue, 600 Broadway).
  • ·Mortgage Loan Purchase Agreements dated April 1, 2016, incorporated by reference from Form 8-K filed April 26, 2016.
New Mountain Net Lease Trust10-Kmixedmateriality 7/10

31-03-2026

As of December 31, 2025, New Mountain Net Lease Trust reported a Net Asset Value (NAV) of $650,382 (in thousands), supported by net real estate investments of $678,556 (in thousands), cash and equivalents of $20,172 (in thousands), offset by liabilities including a revolving credit facility of $27,768 (in thousands). The filing discloses significant risks, including potential failure to qualify as a REIT which could materially reduce NAV and cash distributions, and heavy reliance on tenants that may adversely impact revenue and performance if tenants underperform. NAV sensitivity analysis indicates a 3.98% increase for a 0.25% decrease in weighted average capitalization rate, but a 3.69% decrease for a 0.25% increase.

  • ·Industrial Building Sub-Type Diversification and Geographic Diversification weighted by square feet; Tenant Industry Diversification weighted by forward 12 months cash rent as of December 31, 2025, excluding recoveries, straight-line rent, and lease amortization.
  • ·Adviser agreed to advance organization and offering costs prior to January 2, 2026 (first anniversary of initial private offering closing), and certain operating expenses through that date; reimbursable ratably over 60 months starting January 2, 2026.
  • ·Under GAAP, advanced organization/operating expenses expensed when incurred; advanced offering expenses charged to shareholders’ equity.
Citigroup Commercial Mortgage Trust 2014-GC2510-Kneutralmateriality 4/10

31-03-2026

Citigroup Commercial Mortgage Trust 2014-GC25 submitted its 10-K annual report on March 31, 2026, incorporating by reference 2014 Pooling and Servicing Agreements (CGCMT 2014-GC25 PSA, WFRBS 2014-C22 PSA, GSMS 2014-GC24 PSA) and Mortgage Loan Purchase Agreements from sellers including Citigroup Global Markets Realty Corp., Starwood Mortgage Funding I LLC, MC-Five Mile Commercial Mortgage Finance LLC, and Goldman Sachs Mortgage Company. The filing features extensive servicer compliance assessments (Exhibits 33-35), including reports and attestations from Trimont LLC (master servicer effective March 1, 2025, succeeding Wells Fargo Bank), Midland Loan Services (special servicer), Citibank N.A., Deutsche Bank Trust Company Americas, and others for the trust and specific loans like Bank of America Plaza and Stamford Plaza Portfolio. No financial performance data, delinquencies, or metrics are provided in the exhibit list.

  • ·Servicer transition to Trimont LLC as master servicer effective March 1, 2025, for main trust and Bank of America Plaza loan.
  • ·All PSAs and purchase agreements dated September 1 or October 1, 2014, incorporated from October 24, 2014 Form 8-K (Commission File No. 333-189017-06).
CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-C610-Kneutralmateriality 5/10

31-03-2026

The 10-K annual report for CITIGROUP COMMERCIAL MORTGAGE TRUST 2018-C6, filed on March 31, 2026, contains multiple attestation reports (Form 34) and assessment reports (Form 33) affirming compliance with servicing criteria for asset-backed securities by various master servicers, special servicers, operating advisors, custodians, trustees, and servicing function participants. These reports cover mortgage loans such as DUMBO Heights Portfolio, Liberty Portfolio, 192 Lexington Avenue, Shelbourne Global Portfolio I, Moffett Towers—Buildings E, F, G, Riverwalk II, and Danbury Commerce Portfolio under PSAs including Benchmark 2018-B7, UBS 2018-C13, DBGS 2018-C1, and WFCM 2018-C48. Key servicer transitions noted include special servicer change for DUMBO Heights from Green Loan Services LLC to Torchlight Loan Services, LLC effective December 9, 2025, and master servicer shifts from Wells Fargo Bank to Trimont LLC effective March 1, 2025, for multiple loans, with all parties attesting to compliance.

  • ·Pooling and Servicing Agreement dated December 1, 2018 for WFCM 2018-C48 PSA referenced.
  • ·Benchmark 2018-B7 PSA, UBS 2018-C13 PSA, DBGS 2018-C1 PSA, and WFCM 2018-C48 PSA govern the listed mortgage loans.
Artificial Intelligence Technology Solutions Inc.8-Kpositivemateriality 4/10

31-03-2026

Artificial Intelligence Technology Solutions, Inc. (AITX) filed an 8-K on March 31, 2026, announcing the issuance of a press release regarding its RAD division hosting its first global sales meeting to advance international expansion following a strong showing at ISC West. The press release is furnished as Exhibit 99.1 and is not deemed filed.

MARSH & MCLENNAN COMPANIES, INC.DEF 14Amixedmateriality 8/10

31-03-2026

Marsh & McLennan Companies, Inc. reported strong 2025 financial performance with revenue of $27.0 billion (+10% GAAP, 4% underlying), adjusted EPS growth of 9%, and adjusted operating income growth of 11%, alongside $2.0 billion in share repurchases (largest ever) and $1.7 billion in dividends (+10%). However, 2025 TSR was -11.3%, lagging the S&P 500 Index, and five-year TSR of 11.3% underperformed the S&P 500 despite beating the Equal Weight Index. The proxy seeks approval for executive compensation, which included above-target bonuses and 176% PSU payout driven by 12.7% three-year adjusted EPS growth but moderated by 38th percentile TSR.

  • ·Say on Pay approval rate of 91% in 2025.
  • ·Brand name updated from Marsh McLennan to Marsh effective January 14, 2026.
  • ·Completed integration of MMA’s acquisition of McGriff Insurance Services.
  • ·Established Mercer Global Investments Partnerships Group via acquisitions of Secor Asset Management and Cardano.
  • ·Executive changes: Nick Studer to President and CEO of Marsh Risk effective April 1, 2026; Martin South to Chief Client Officer; Ted Moynihan to President and CEO of Oliver Wyman and Marsh Management Consulting; Paul Beswick role expanded January 15, 2025.
Sequoia Mortgage Trust 2013-710-Kpositivemateriality 3/10

31-03-2026

Sequoia Mortgage Trust 2013-7 filed its 10-K annual report on March 31, 2026, including a report on compliance with servicing criteria under Rule 1122(d). All applicable criteria across multiple periods and servicers, including aggregation accuracy, pool asset payments, disbursements, advances, account maintenance, and safeguards, were affirmed as compliant with X marks. No exceptions or non-compliance were reported.

SideChannel, Inc.8-Kpositivemateriality 4/10

31-03-2026

SideChannel, Inc. issued a press release on March 31, 2026, announcing the integration of artificial intelligence into its sales, marketing, and cybersecurity delivery operations. The disclosure was made under Item 7.01 Regulation FD and furnished as Exhibit 99.1. No financial metrics or performance data were provided.

CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-C410-Kneutralmateriality 4/10

31-03-2026

The 10-K annual report for CITIGROUP COMMERCIAL MORTGAGE TRUST 2017-C4, filed on March 31, 2026, contains numerous attestation and compliance reports from various servicers, trustees, custodians, and advisors confirming adherence to servicing criteria for asset-backed securities across multiple mortgage loans. Involved parties include Wells Fargo Bank, Midland Loan Services (PNC), Citibank N.A., and others managing loans such as Station Place III, Pleasant Prairie Premium Outlets, and Mall of Louisiana under PSAs like JPMDB 2017-C7 and CGCMT 2017-P8. Servicing transitions occurred on March 1, 2025 for certain master servicers (e.g., Wells Fargo to Trimont LLC), with no material non-compliance noted.

  • ·Servicing transitions for master servicers from Wells Fargo Bank to Trimont LLC effective March 1, 2025 for loans including Pleasant Prairie Premium Outlets, Corporate Woods Portfolio, Mall of Louisiana, and IGT Reno.
  • ·Cross-references to prior exhibits (e.g., Exhibit 34.10 for Pentalpha Surveillance LLC reports) indicate shared compliance attestations across multiple PSAs: JPMDB 2017-C7, CGCMT 2017-P8, UBS 2017-C4, BANK 2017-BNK7, CD 2017-CD5, UBS 2017-C5, CCUBS 2017-C1.
BRAINSTORM CELL THERAPEUTICS INC.8-Kmixedmateriality 7/10

31-03-2026

BrainStorm Cell Therapeutics reported full year 2025 financial results with net loss narrowed to $10.3 million from $11.6 million in 2024, driven by lower R&D expenses of $4.2 million (vs $4.7 million) and G&A expenses of $5.8 million (vs $7.0 million); however, cash and equivalents plus restricted cash stood at a low $0.3 million at year-end amid ongoing operating losses and a stockholders' deficit of $9.985 million (worsened from $7.764 million). Post-year-end, the company secured $2.0 million in strategic private placements in February 2026, supporting Phase 3b ENDURANCE study preparations for NurOwn, where EAP data showed 50% (5/10) patients alive with mean survival of 84 months versus historical ~20% 5-year survival. FDA clearance for the Phase 3b study was obtained in 2025.

  • ·Phase 3b ENDURANCE study expected to enroll ~200 participants; Part A: 24-week randomized double-blind placebo-controlled (primary endpoint: ALSFRS-R change Week 24); Part B: 24-week open-label extension.
  • ·EAP patients had mean baseline ALSFRS-R of ~41; all 10 exceeded 5-year survival vs historical ~20%; 5 surviving patients tracheostomy-free as of July 2025.
  • ·ClinicalTrials.gov IDs: NCT06973629 (ENDURANCE), NCT03280056 (prior Phase 3 ALS), NCT03799718 (Phase 2 MS).
Sequoia Mortgage Trust 2013-410-Kpositivemateriality 3/10

31-03-2026

The 10-K annual report for Sequoia Mortgage Trust 2013-4, filed on March 31, 2026, includes compliance assertions under Regulation AB 1122(d) for cash collection and administration. All listed criteria, including timely deposits, authorized disbursements, advances, account maintenance, and use of federally insured institutions, are marked compliant (X) across applicable periods with no exceptions noted.

Prologis, L.P.8-Kneutralmateriality 8/10

31-03-2026

Prologis, L.P. entered into a Second Amended and Restated Global Senior Credit Agreement on March 26, 2026, with Bank of America, N.A. as Global Administrative Agent and a syndicate of lenders including ING Bank N.V., JPMorgan Chase Bank, N.A., and others, establishing U.S. and Euro committed loans, letters of credit, swing line facilities, and bid loans. The agreement includes provisions for global impact and sustainability, with CUSIPs assigned for the deal (74340YBP3), U.S. tranche (74340YBQ1), and Euro tranche (74340YBR9). No specific commitment amounts or financial metrics are detailed in the provided filing excerpt.

  • ·Filing date: March 31, 2026
  • ·Items reported: 1.01 (Entry into Material Definitive Agreement), 2.03 (Creation of a Direct Financial Obligation), 9.01 (Financial Statements and Exhibits)
  • ·Deal CUSIP: 74340YBP3; U.S. Tranche CUSIP: 74340YBQ1; Euro Tranche CUSIP: 74340YBR9
KORE Group Holdings, Inc.8-Kmixedmateriality 9/10

31-03-2026

KORE Group Holdings reported Q4 2025 revenue of $73.9 million, roughly flat YoY from $73.3 million, offset by Total Connections growth of 6% to 20.9 million; profitability strengthened with Adjusted EBITDA up 26% to $17.7 million and Net Loss improved 27% to $18.5 million. Full year 2025 revenue was $285.9 million, nearly flat YoY from $286.1 million, while Adjusted EBITDA rose 19% to $63.3 million, Net Loss halved to $63.0 million, and Free Cash Flow improved to $8.9 million from negative. The company also highlighted a pending all-cash merger with enterprise value of approximately $726 million, expected to close in Q2 or Q3 2026.

  • ·IoT Connectivity revenue Q4 2025: $57.2M (78% of total), slightly up YoY; IoT Solutions: $16.6M (22%), slightly down YoY.
  • ·Full year IoT Connectivity revenue: $224.0M (78%), down slightly YoY; IoT Solutions: $62.0M (22%), up YoY.
  • ·No earnings conference call due to pending transaction.
  • ·Merger subject to regulatory approvals, majority stockholder vote, and majority disinterested stockholder approval.
Satellogic Inc.8-Kpositivemateriality 8/10

31-03-2026

On March 30, 2026, Satellogic Inc. entered into a Sales Agreement with Cantor Fitzgerald & Co., Craig-Hallum Capital Group LLC, Northland Securities, Inc., and Roth Capital Partners, LLC, enabling the company to offer and sell up to $50,000,000 of its Class A common stock through an at-the-market offering. The Sales Agents will use commercially reasonable efforts to sell shares based on the company's instructions, with the company providing customary indemnification and reimbursements. A prospectus supplement was filed on the same day under the company's Form S-3 registration statement (File No. 333-294446).

  • ·Registration statement on Form S-3 (File No. 333-294446) initially filed March 19, 2026; base prospectus dated March 27, 2026.
  • ·Securities registered: Class A Common Stock (SATL) and Warrants (SATLW) on Nasdaq Capital Market.
  • ·Legal opinion on share issuance provided by King & Spalding LLP (Exhibit 5.1).
Ellington Credit Co8-Kneutralmateriality 8/10

31-03-2026

Ellington Credit Company entered into an indenture with Wilmington Trust, National Association for a public offering of $50 million aggregate principal amount of 8.50% Notes due 2031, with underwriters holding an option to purchase up to an additional $7.5 million within 30 days. The Notes, issued in $25 denominations, bear interest at 8.50% per year payable quarterly starting June 30, 2026, mature on March 30, 2031, and are expected to trade on the NYSE under 'ELLA'. They rank as general unsecured senior obligations, redeemable at 100% principal plus accrued interest on or after March 30, 2028.

  • ·Notes issued in denominations of $25 and integral multiples thereof
  • ·Redeemable in whole or in part on or after March 30, 2028, at 100% of principal plus accrued interest
  • ·Indenture includes covenant to comply with 1940 Act asset coverage requirements
  • ·Trading expected to commence within 30 days of original issue date
Benchmark 2026-V20 Mortgage Trust8-Kneutralmateriality 7/10

31-03-2026

BMO Commercial Mortgage Securities LLC, as Depositor, executed a Pooling and Servicing Agreement dated as of March 1, 2026, for the BMO 2026-5C14 Mortgage Trust, establishing the framework for Commercial Mortgage Pass-Through Certificates, Series 2026-5C14, including conveyance of mortgage loans, servicing duties, and distributions to certificateholders. Key service providers include Midland Loan Services, a division of PNC Bank, N.A. (Master Servicer), CWCapital Asset Management LLC (Special Servicer), Pentalpha Surveillance LLC (Operating Advisor and Asset Representations Reviewer), and Computershare Trust Company, N.A. (Certificate Administrator and Trustee). The agreement details administrative, servicing, and compliance provisions with no specific financial performance metrics or period-over-period comparisons disclosed.

  • ·No Class S Certificates, Class VRR Certificates, or Loan-Specific Certificates will be issued under this Agreement
  • ·Agreement filed as Exhibit 99.1 in 8-K on March 31, 2026
SmartStop Self Storage REIT, Inc.8-Kpositivemateriality 6/10

31-03-2026

On March 29, 2026, the Board of Directors of SmartStop Self Storage REIT, Inc. declared a monthly dividend for April 2026 of $0.13150685 per share of common stock, reflecting a targeted annualized dividend of $1.60 per share. The record date is April 30, 2026, with payment on May 15, 2026. No other financial metrics or comparisons were disclosed.

  • ·Filing signed on March 30, 2026
  • ·Securities: Common Stock, $0.001 par value, trading symbol SMA on New York Stock Exchange
CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-P510-Kneutralmateriality 4/10

31-03-2026

The 10-K annual report for CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-P5, filed March 31, 2026, consists of multiple attestation reports (Exhibit 34 series) and compliance assessments (Exhibit 33 and 35 series) from servicers, trustees, custodians, and operating advisors affirming compliance with servicing criteria for asset-backed securities across various mortgage loans under PSAs such as CGCMT 2016-P4, JPMCC 2016-JP3, and others. A key change noted is the transition of master servicer duties from Wells Fargo Bank, National Association to Trimont LLC effective March 1, 2025 for several loans including Esplanade I, Opry Mills, Vertex Pharmaceuticals HQ, Flagler Corporate Center, and Plaza America I & II. No financial performance metrics, period-over-period comparisons, or material issues are disclosed in the provided content.

  • ·Servicing function transitions effective March 1, 2025 from Wells Fargo to Trimont LLC for loans under WFCM 2016-BNK1, MSBAM 2016-C30, JPMCC 2016-JP2, CGCMT 2016-P4, and WFCM 2016-C36 PSAs
  • ·Greystone Servicing Company LLC acts as successor to C-III Asset Management LLC for certain special servicing roles
CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-C310-Kneutralmateriality 4/10

31-03-2026

The 10-K annual report for CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-C3, filed on March 31, 2026, contains numerous attestation reports and assessments of compliance with servicing criteria for asset-backed securities from various master servicers, special servicers, operating advisors, custodians, trustees, and other participants across multiple mortgage loans, including 101 Hudson Street, Potomac Mills, Hill7 Office, Marriott Hilton Head Resort & Spa, Briarwood Mall, and College Boulevard Portfolio. Several reports note a master servicer transition on March 1, 2025, from Wells Fargo Bank, National Association to Trimont LLC for loans under PSAs such as MSC 2016-BNK2, CFCRE 2016-C6, MSBAM 2016-C30, and WFCM 2016-LC25. No financial performance metrics, delinquencies, or non-compliance issues are detailed in the provided content.

  • ·Servicer transitions effective March 1, 2025: Wells Fargo Bank to Trimont LLC as master servicer for multiple loans (e.g., under MSC 2016-BNK2, CFCRE 2016-C6, MSBAM 2016-C30, WFCM 2016-LC25 PSAs)
  • ·PSAs referenced: MSC 2016-BNK2, CFCRE 2016-C6, WFCM 2016-LC25, MSBAM 2016-C30, CGCMT 2016-P5
CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-P410-Kneutralmateriality 5/10

31-03-2026

The 10-K annual report for CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-P4 includes reports on assessment of compliance with servicing criteria (Form 33), attestation reports (Form 34), and servicer compliance statements (Form 35) from various servicers, trustees, custodians, and operating advisors for multiple mortgage loans including Park Place, Fed Ex properties, Embassy Suites Lake Buena Vista, Opry Mills, Hyatt Regency Huntington Beach Resort & Spa, Marriott Savannah Riverfront, 247 Bedford Avenue, and Marriott Midwest Portfolio. Key servicers include Wells Fargo Bank (master servicer until March 1, 2025), Trimont LLC (master servicer thereafter), LNR Partners, Rialto Capital Advisors, and others under PSAs such as CGCMT 2016-GC36, WFCM 2016-BNK1, and JPMCC 2016-JP3. No material non-compliance issues are indicated in the referenced exhibits.

  • ·Master servicer transition from Wells Fargo Bank, National Association to Trimont LLC on March 1, 2025 for multiple loans including Fed Ex properties, Hyatt Regency Huntington Beach Resort & Spa, Marriott Savannah Riverfront, 247 Bedford Avenue, Opry Mills, and Marriott Midwest Portfolio.
CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-P610-Kneutralmateriality 5/10

31-03-2026

The 10-K annual report for CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-P6, filed March 31, 2026, contains numerous attestation reports (Form 34) and assessment reports (Form 33) from master servicers, special servicers, trustees, custodians, and operating advisors confirming compliance with servicing criteria for asset-backed securities across multiple underlying mortgage loans. Key properties include 681 Fifth Avenue, Potomac Mills, Fresno Fashion Fair, Hyatt Regency Jersey City, Easton Town Center, and 8 Times Square & 1460 Broadway, governed by PSAs such as MSC 2016-UBS12, CFCRE 2016-C6, and others. Several servicer transitions occurred in 2025 (e.g., March 1 for Trimont LLC succeeding Wells Fargo Bank in multiple roles; January 29 for Rialto Capital Advisors as special servicer), with no material non-compliance noted.

  • ·Servicer transitions: Wells Fargo Bank as master servicer prior to March 1, 2025, succeeded by Trimont LLC on/after March 1, 2025 (Potomac Mills, Easton Town Center, 8 Times Square & 1460 Broadway).
  • ·Special servicer changes: Midland to Rialto Capital Advisors on/after January 29, 2025 (Fresno Fashion Fair); Situs Holdings prior to June 24, 2025 (Easton Town Center).
CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-GC3610-Kpositivemateriality 4/10

31-03-2026

The 10-K annual report for CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-GC36 contains servicing compliance assertions under Regulation AB Rule 1122(d) from servicers including KeyBank, Berkadia, and Midland, confirming that most applicable servicing criteria were performed directly or via responsible vendors. While many criteria across general servicing, cash collection, investor reporting, and pool asset administration are marked as compliant (X), several are noted as N/A or not performed, such as certain investor remittance processes, backup servicer maintenance, and specific loss mitigation or escrow handling. No material non-compliance or deficiencies are disclosed.

  • ·Compliance assessed for reporting period ending prior to March 31, 2026 filing.
  • ·Multiple criteria marked N/A for investor remittances (1122(d)(3)(ii)-(iv)) and certain pool asset records (1122(d)(4)(v), (ix)-(xv)).
  • ·Backup servicer maintenance (1122(d)(1)(iii)) not performed by some asserting parties.
CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-C210-Kneutralmateriality 4/10

31-03-2026

The 10-K annual report for CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-C2, filed on March 31, 2026, contains numerous attestation reports and servicer compliance statements assessing compliance with servicing criteria for asset-backed securities across multiple mortgage loans. Key servicers including Wells Fargo Bank (prior to March 1, 2025), Trimont LLC (on/after March 1, 2025), LNR Partners, Midland Loan Services, and others provided reports for properties such as Hyatt Regency Huntington Beach Resort & Spa, Kroger (Roundy’s) Distribution Center, Vertex Pharmaceuticals HQ, Opry Mills, Jay Scutti Plaza, and Staybridge Suites Times Square. No quantitative financial performance data or material non-compliance issues are detailed in the provided content.

  • ·Servicer transitions occurred on March 1, 2025, from Wells Fargo Bank to Trimont LLC as master/general master servicer for multiple loans (e.g., Hyatt Regency, Kroger, Vertex, Opry Mills).
  • ·Referenced PSAs include CGCMT 2016-C1, WFCM 2016-C35, CSAIL 2016-C6, WFCM 2016-BNK1, JPMCC 2016-JP2, DBJPM 2016-C3.
Citigroup Commercial Mortgage Trust 2016-C110-Kneutralmateriality 4/10

31-03-2026

The 10-K filing for Citigroup Commercial Mortgage Trust 2016-C1 provides extensive attestation reports (Exhibit 34 series), compliance assessment reports (Exhibit 33 series), and servicer compliance statements (Exhibit 35 series) from multiple parties including master servicers, special servicers, trustees, custodians, and operating advisors, affirming compliance with servicing criteria for asset-backed securities across various mortgage loans. Covered loans include Madbury Commons (CFCRE 2016-C4 PSA), Park Place (CGCMT 2016-GC36 PSA), Embassy Suites Lake Buena Vista (JPMCC 2016-JP3 PSA), and OZRE Leased Fee Portfolio (CFCRE 2016-C6 PSA). A master servicer transition from Wells Fargo Bank, National Association to Trimont LLC occurred on March 1, 2025 for certain loans, with separate reports for pre- and post-transition periods.

  • ·Mortgage Loan Purchase Agreements dated May 1, 2016, incorporated by reference from June 1, 2016 Form 8-K.
  • ·Filing incorporates prior exhibits via cross-references (e.g., Exhibit 34.7 referenced multiple times).
Movano Inc.10-Kmixedmateriality 8/10

31-03-2026

Movano Inc. reported revenue of $433 thousand for the year ended December 31, 2025, a sharp 57% decline from $1,013 thousand in 2024. Operating expenses fell 37% to $15,936 thousand, driving a 36% improvement in loss from operations to $15,503 thousand and reducing net loss by 23% to $18,285 thousand; however, cash used in operations remained high at $11,268 thousand, leading to a net decrease in cash and equivalents of $5,075 thousand. The filing highlights risks such as customer concentration, capital needs, sales organization challenges, and tax uncertainties.

  • ·Interest expense (related party) of $2,965 thousand in 2025, previously $0.
  • ·Net cash provided by financing activities: $6,193 thousand in 2025 vs. $24,325 thousand in 2024.
  • ·Net cash used in investing activities: $0 in 2025 vs. $8 thousand in 2024.
CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC4610-Kneutralmateriality 4/10

31-03-2026

The 10-K annual report for CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-GC46, filed on March 31, 2026, contains extensive attestation reports (Exhibit 34 series) and compliance assessment reports (Exhibit 33 series) from master servicers, special servicers, operating advisors, custodians, trustees, and other parties confirming adherence to servicing criteria for asset-backed securities across multiple underlying mortgage loans. Covered properties include The Shoppes at Blackstone Valley, Parkmerced, Bellagio Hotel and Casino, 650 Madison Avenue, 1633 Broadway, Southcenter Mall, 90 North Campus, Property Commerce Portfolio, 510 East 14th Street, 805 Third Avenue, and 405 E 4th Avenue, serviced under various PSAs and TSAs such as COMM 2019-GC44, MRCD 2019-PARK, and GSMS 2020-GC45. No material non-compliance issues or performance variances are noted in the listed reports.

  • ·Servicer transitions noted: 3650 REIT Loan Servicing LLC as special servicer prior to September 5, 2025, succeeded by Green Loan Services LLC; Wells Fargo Bank as master servicer prior to March 1, 2025 under CGCMT 2019-C7 PSA, succeeded by Trimont LLC
BMO 2024-C8 Mortgage Trust10-Kneutralmateriality 4/10

31-03-2026

BMO 2024-C8 Mortgage Trust filed its 10-K annual report on March 31, 2026, featuring extensive attestation reports (Exhibit 34 series) and reports on assessments (Exhibit 33 series) confirming compliance with servicing criteria for asset-backed securities by multiple servicers, trustees, custodians, and operating advisors. These cover mortgage loans including 60 Hudson, Arundel Mills and Marketplace, Axis Apartments, Woodfield Mall, and OPI Portfolio under PSAs such as MSWF 2023-2, Benchmark 2023-B40, BMO 2023-C7, and BMO 2024-5C3. Servicer compliance statements (Exhibit 35 series) are also included, noting transitions such as Wells Fargo Bank to Trimont LLC as master servicer effective March 1, 2025, and other changes.

  • ·Pooling and Servicing Agreement (BMO 2024-5C3 PSA) dated February 1, 2024.
  • ·Midland Loan Services appointed special servicer on and after March 10, 2025 under BMO 2024-5C3 PSA.
Helix Acquisition Corp. III10-Kneutralmateriality 6/10

31-03-2026

Helix Acquisition Corp. III, a blank check company (SPAC) formed on September 10, 2025, filed its 10-K reporting total assets of $307,337 as of December 31, 2025, primarily consisting of $25,000 cash and $252,996 in deferred offering costs. The company recorded a net loss of $51,482 from formation, general, and administrative costs, resulting in a shareholder’s deficit of $26,482. Liabilities include a $120,619 promissory note to a related party, with no revenue or operating cash flow generated during the inception period.

  • ·4,312,500 Class B ordinary shares issued to Sponsor for $25,000.
  • ·Basic and diluted net loss per share, Class B ordinary shares: $(0.01).
  • ·Net cash used in operating activities: $0 (after adjustments including $44,316 formation costs paid via promissory note).
  • ·Noncash activities include $206,034 deferred offering costs in accrued offering costs and $25,000 prepaid expenses paid by Sponsor for Class B shares.
BENCHMARK 2020-B19 MORTGAGE TRUST10-Kneutralmateriality 5/10

31-03-2026

The 10-K annual report for Benchmark 2020-B19 Mortgage Trust, filed on March 31, 2026, contains extensive lists of Exhibit 33 and 34 reports and attestation reports on compliance with servicing criteria for asset-backed securities from multiple servicers, trustees, custodians, and operating advisors. These reports cover servicing of various mortgage loans including the Agellan Portfolio, 420 Taylor Street, Brass Professional Center, 280 North Bernardo, Moffett Place – Building 6, Moffett Towers Buildings A, B & C, 1633 Broadway, 675 Creekside Way, The Shoppes at Blackstone Valley, 711 Fifth Avenue, BX Industrial Portfolio, and MGM Grand & Mandalay Bay under PSAs such as Benchmark 2020-B18, MOFT 2020-B6, and others. No financial performance metrics or non-compliance issues are detailed in the provided content.

  • ·Servicer transitions noted: Wells Fargo Bank as servicer prior to March 1, 2025; Trimont LLC as servicer on and after March 1, 2025 for certain loans (e.g., MOFT 2020-ABC, GSMS 2020-GC47)
Benchmark 2023-V4 Mortgage Trust10-Kneutralmateriality 4/10

31-03-2026

The 10-K annual report for Benchmark 2023-V4 Mortgage Trust, filed March 31, 2026, contains servicing compliance assertions from Midland, K-Star, PBLS, and Berkadia under Regulation AB 1122(d) servicing criteria. Most criteria are reported as performed directly by the servicers or via responsible vendors, with some marked N/A or not performed by specific servicers due to divided roles; however, several investor reporting and pool asset administration criteria are noted as not performed by K-Star, PBLS, or their vendors. No material instances of noncompliance or exceptions are disclosed.

  • ·Compliance assertions cover the reporting period ending prior to March 31, 2026 filing
  • ·Multiple criteria marked N/A (e.g., back-up servicer requirements, external enhancements) across servicers
  • ·K-Star and PBLS report numerous criteria as 'NOT performed by K-Star/PBLS or their subservicers/vendors', including most investor remittances
Kentucky Power Cost Recovery LLC10-Kneutralmateriality 2/10

31-03-2026

Kentucky Power Cost Recovery LLC filed its 10-K annual report on March 31, 2026. The filing confirms the company has electronically submitted all required Interactive Data Files, is classified as a non-accelerated filer with no securities registered under Section 12(b) or 12(g), is not a shell company, a well-known seasoned issuer, or exempt from filing reports under Sections 13 or 15(d), and has complied with all required report filings over the preceding 12 months.

KORE Group Holdings, Inc.10-Kmixedmateriality 9/10

31-03-2026

KORE Group Holdings, Inc. reported flat total revenue of $285,945 thousand in 2025, nearly unchanged from $286,087 thousand in 2024, with Services declining 3% to $227,278 thousand and IoT Connectivity down 1% to $223,993 thousand, offset by Products up 13% to $58,667 thousand and IoT Solutions up 5% to $61,952 thousand. While total cost of revenue rose 1% to $128,012 thousand, the net loss improved significantly to $62,976 thousand from $146,076 thousand, driven by no goodwill impairment (vs. $65,861 thousand prior year), with Adjusted EBITDA rising to $63,342 thousand from $53,138 thousand and free cash flow turning positive at $8,897 thousand from negative $3,549 thousand.

  • ·Cost of services decreased 4% to $90,262 thousand from $93,663 thousand.
  • ·Cost of products increased 16% to $37,750 thousand from $32,498 thousand.
  • ·Net cash provided by operating activities improved to $18,487 thousand from $9,123 thousand.
  • ·Capital expenditures, net decreased to $9,590 thousand from $12,672 thousand.
  • ·Effective tax rate improved to 2.4% from 3.9%.
  • ·Integration-related restructuring costs slightly increased to $19,806 thousand from $19,159 thousand.
SOUTH DAKOTA SOYBEAN PROCESSORS LLC10-Kmixedmateriality 9/10

31-03-2026

South Dakota Soybean Processors LLC reported revenue of $503,815,120 for the year ended December 31, 2025, down 9.1% YoY from $554,419,770 in 2024, with gross profit declining 15.9% to $24,698,076 (4.9% of revenue from 5.3%) and net income attributable to the Company falling 12.7% to $17,735,646. Operating cash flow swung to a negative $38,918,881 from positive $58,395,262, amid heavy investing outflows of $202,369,644; however, total assets grew 55.6% to $842,782,234, driven by property and equipment expansion to $553,391,247 net.

  • ·EPS basic and diluted: $0.58 in 2025 (down from $0.67 in 2024)
  • ·Total contractual obligations: $414,679,000
  • ·Inventories increased to $132,834,755 from $45,078,676
  • ·Long-term debt net: $251,142,632 (up significantly from $57,673,180)
  • ·Net loss attributable to non-controlling interests: ($4,793,086) in 2025 (vs gain $1,442,756 in 2024)
BENCHMARK 2021-B31 MORTGAGE TRUST10-Kneutralmateriality 3/10

31-03-2026

The 10-K annual report for Benchmark 2021-B31 Mortgage Trust, filed March 31, 2026, consists primarily of listings of attestation reports and assessments on compliance with servicing criteria for asset-backed securities from multiple parties including master servicers, special servicers, operating advisors, custodians, trustees, and servicing function participants. These reports pertain to specific mortgage loans such as CX – 350 & 450 Water Street, One Memorial Drive, Equus Industrial Portfolio, The Veranda, Audubon Crossings & Commons, and Plaza La Cienega, serviced under agreements like CAMB 2021-CX2 TSA, JPMCC 2021-1MEM TSA, Benchmark 2021-B30 PSA, and 3650R 2021-PF1 PSA. No quantitative financial data, performance metrics, or non-compliance issues are detailed in the provided exhibit listings.

Benchmark 2023-B39 Mortgage Trust10-Kneutralmateriality 4/10

31-03-2026

The 10-K annual report for Benchmark 2023-B39 Mortgage Trust, filed March 31, 2026, contains servicing criteria compliance assertions under Regulation AB from multiple servicers including Midland, K-Star, PBLS, Special Servicer, and KeyBank. Most applicable criteria are reported as performed directly by the servicers or by vendors for which they are responsible, with several marked as N/A or not performed where inapplicable to their roles. No material deficiencies or non-compliance issues are disclosed.

  • ·Multiple criteria designated N/A (e.g., back-up servicer maintenance, investor reporting specifics) across servicers.
  • ·Certain criteria NOT performed by specific servicers (e.g., K-Star not responsible for investor remittances; PBLS not performing most cash collection tasks).
BMO 2023-5C2 Mortgage Trust10-Kpositivemateriality 4/10

31-03-2026

The 10-K filing for BMO 2023-5C2 Mortgage Trust includes servicer compliance assertions under Regulation AB Item 1122 from KeyBank, Midland, K-Star, and platform servicers, confirming adherence to nearly all applicable servicing criteria such as policies for monitoring defaults, cash handling, reconciliations, and pool asset administration. Most criteria are marked as performed directly by servicers or responsible vendors, with several designated as N/A where not applicable to the transaction. No non-compliance issues or exceptions are reported.

Citigroup Commercial Mortgage Trust 2022-GC4810-Kpositivemateriality 4/10

31-03-2026

The 10-K annual report for Citigroup Commercial Mortgage Trust 2022-GC48, filed on March 31, 2026, details compliance assessments for Regulation AB servicing criteria (1122(d)) by servicers including Midland, KeyBank, and PBLS across multiple platforms. All applicable criteria are affirmed as performed directly by the servicers or by vendors for which they are responsible, with certain criteria marked N/A or inapplicable depending on the servicer or platform. No servicing deficiencies, exceptions, or material issues are reported.

Appalachian Consumer Rate Relief Funding LLC10-Kneutralmateriality 3/10

31-03-2026

Appalachian Consumer Rate Relief Funding LLC filed its 10-K annual report on March 31, 2026, confirming electronic submission and posting of all required Interactive Data Files pursuant to Regulation S-T. The company is classified as a non-accelerated filer, not a shell company, not a well-known seasoned issuer, and has no securities registered under Section 12(b) or 12(g) of the Exchange Act. It has complied with all reporting requirements under Sections 13 or 15(d) during the preceding 12 months.

BENCHMARK 2022-B35 MORTGAGE TRUST10-Kpositivemateriality 5/10

31-03-2026

The 10-K filing for BENCHMARK 2022-B35 MORTGAGE TRUST includes Item 1122 assertions from servicers KeyBank, PBLS, Midland, and Berkadia confirming compliance with applicable Regulation AB servicing criteria related to general servicing, cash collection, investor remittances, and pool asset administration. Most criteria are marked as performed directly by the servicers or by responsible vendors, with several designated as N/A and no material non-compliance or exceptions reported. This routine compliance report provides assurance on servicing activities without highlighting any deficiencies.

  • ·Filing date: March 31, 2026
  • ·Multiple servicers assert no material servicing deficiencies for the reporting period
BENCHMARK 2018-B3 COMMERCIAL MORTGAGE TRUST10-Kneutralmateriality 3/10

31-03-2026

The 10-K annual report for Benchmark 2018-B3 Commercial Mortgage Trust includes multiple reports and attestation reports on compliance with servicing criteria for asset-backed securities from various servicers, trustees, custodians, and operating advisors. These cover mortgage loans such as 90 Hudson, 315 West 36th Street, InterContinental San Francisco, Rochester Hotel Portfolio, 599 Broadway, The SoCal Portfolio, Twelve Oaks Mall, and Marina Heights State Farm under multiple PSAs including Benchmark 2018-B1, COMM 2018-COR3, and others. No financial performance metrics, delinquencies, or non-compliance issues are disclosed in the provided tables.

  • ·Servicer transitions occurred on March 1, 2025: Wells Fargo Bank to Trimont LLC as master servicer for 90 Hudson (Benchmark 2018-B1 PSA) and Twelve Oaks Mall (GSMS 2018-GS9 PSA).
Welsbach Technology Metals Acquisition Corp.8-K/Amixedmateriality 9/10

31-03-2026

Evolution Metals & Technologies Corp. (EMAT, formerly Welsbach Technology Metals Acquisition Corp.) filed this Amendment No. 2 to Form 8-K on March 31, 2026, to report the completion of its Business Combination with Evolution Metals LLC (EM) on January 5, 2026, through which EM acquired Korean subsidiaries KCM Industry Co., Ltd., KMMI INC., NS World Co., Ltd., and Handa Lab Co., Ltd. The filing includes audited financial statements and MD&A for EMAT, EM, and the subsidiaries for the years ended December 31, 2025 and 2024, as well as unaudited pro forma condensed combined financial information for the year ended December 31, 2025. Multiple auditor reports note substantial doubt about the going concern ability of EMAT, EM, and certain subsidiaries.

  • ·Auditor consents from UHY LLP, Grassi & Co., CPAs, P.C., and Ernst & Young Han Young include explanatory paragraphs on going concern doubts for EMAT, EM, KCM, KMMI, NS World, and Handa Lab.
  • ·EMAT is an emerging growth company; common stock trades as EMAT on Nasdaq Stock Market LLC.
  • ·EM inception date: February 8, 2024.
Constellation Energy Corp8-Kneutralmateriality 7/10

31-03-2026

Constellation Energy Corp announced a conference call on March 31, 2026, at 8:00 AM ET to discuss its 2026 Business and Earnings Outlook, with presentation materials furnished as Exhibit 99.1 under Regulation FD. The call is accessible via phone registration or webcast on the Investor Relations website. Forward-looking statements reference the acquisition of Calpine Corporation, pro forma operations, synergies, and expected earnings accretion, subject to risks outlined in prior filings.

  • ·Conference call accessible via registration link on https://investors.constellationenergy.com
  • ·Materials incorporated by reference but furnished, not filed, with SEC
BW LPG Ltd20-Fmixedmateriality 6/10

31-03-2026

BW LPG Ltd filed its 20-F Annual Report on March 31, 2026, covering the year ended December 31, 2025, with audited consolidated financial statements for the three-year period ended 2025. Vessel operating expenses surged 48.5% YoY to US$126,299 thousand in 2025 from US$84,984 thousand in 2024, driven by a 40.3% increase in owned calendar days to 14,431; however, expenses per calendar day rose modestly 6.0% to US$8.8 thousand. In 2024, expenses increased 3.4% YoY with calendar days up a flat 2.0% to 10,287.

  • ·Financial statements include audited consolidated balance sheets as of Dec 31 2025 and 2024, and statements of comprehensive income, changes in equity, and cash flows for three years ended Dec 31 2025.
  • ·Vessel operating expenses per calendar day (owned) was US$8.1 thousand in 2023.
Hughes Satellite Systems Corp10-Knegativemateriality 9/10

31-03-2026

For the year ended December 31, 2025, Hughes Satellite Systems Corp reported total revenue of $1,435,905 thousand, down 8.0% YoY from $1,560,373 thousand, driven by a 10.4% decline in service revenue to $1,085,219 thousand while equipment sales rose slightly 0.3% to $350,686 thousand. Operating loss widened dramatically to $1,596,351 thousand from $169,830 thousand, and net loss attributable to HSSC surged to $1,273,675 thousand from $209,403 thousand, primarily due to $1,422,982 thousand in impairments; broadband subscribers fell 16.3% to 0.739 million. The filing raises substantial doubt about the company's ability to continue as a going concern due to insufficient cash and financing.

  • ·OIBDA declined to $(1,263,348) thousand from $196,072 thousand.
  • ·Impairments and other charges of $1,422,982 thousand in 2025 (none in 2024).
  • ·Corporate headquarters owned in Englewood, Colorado and Germantown, Maryland.
iShares S&P GSCI Commodity-Indexed Trust8-Kneutralmateriality 6/10

31-03-2026

On March 27, 2026, Jay Jacobs was appointed to the Board of Directors of iShares Delaware Trust Sponsor LLC (the Sponsor of iShares S&P GSCI Commodity-Indexed Trust) and as its President and Chief Executive Officer, replacing Shannon Ghia who resigned from those positions effective the same date. Ms. Ghia's resignation was not due to any dispute or disagreement with the Sponsor or Trust. Mr. Jacobs, a Managing Director at BlackRock, Inc., has extensive experience in ETFs, including as U.S. Head of Equity ETFs since April 7, 2025.

  • ·Jay Jacobs joined BlackRock as U.S. Head of Thematics and Active Equity ETFs on April 18, 2022.
  • ·From May 2013 to March 2022, Jay Jacobs worked at Global X ETFs, founding and leading its research and strategy team.
  • ·Jay Jacobs was a business analyst at the New York Stock Exchange from July 2011 to May 2013.
  • ·Jay Jacobs holds a BA in International Studies from Emory University, an MBA from Columbia Business School, and is a CFA charterholder.
LIPELLA PHARMACEUTICALS INC.8-Knegativemateriality 10/10

31-03-2026

Lipella Pharmaceuticals Inc. and certain subsidiaries filed voluntary petitions for Chapter 11 bankruptcy relief in the United States Bankruptcy Court for the Western District of Pennsylvania on March 30, 2026. The filing warns that trading in the company's common stock during the Chapter 11 proceedings is highly speculative and carries substantial risks, with stock prices potentially unrelated to any shareholder recovery.

  • ·Registrant is an emerging growth company.
  • ·No securities registered pursuant to Section 12(b) of the Act.
  • ·Exhibit 99.1: Press Release dated March 30, 2026.
Citigroup Commercial Mortgage Trust 2014-GC2310-Kneutralmateriality 4/10

31-03-2026

The 10-K annual report for Citigroup Commercial Mortgage Trust 2014-GC23, filed on March 31, 2026, lists reports on assessments of compliance with servicing criteria for asset-backed securities (Exhibits 33.x) and attestation reports (Exhibits 34.x) from entities including Citibank N.A. (certificate administrator), Deutsche Bank Trust Company Americas (trustee and custodian), Midland Loan Services (master servicer), and Rialto Capital Advisors (special servicer). It also includes servicer compliance statements (Exhibits 35.x) and notes a master servicer transition on March 1, 2025, for the Selig Portfolio mortgage loan under the GSMS 2014-GC22 PSA from Wells Fargo Bank to Trimont LLC. No financial performance metrics, delinquencies, or material issues are detailed in the provided content.

Proficient Auto Logistics, Inc10-Kmixedmateriality 9/10

31-03-2026

Proficient Auto Logistics, Inc. reported total operating revenue of $430,425,174 for the twelve months ended December 31, 2025 (Successor), up 78.7% from $240,854,527 in 2024 (Successor), with Adjusted EBITDA rising 51.3% to $37,211,376 and cash flows from operating activities more than tripling to $33,181,535. However, the company posted a widened net loss of $36,019,566 (vs. $8,475,268 loss in 2024), driven by a $27,787,000 goodwill and intangibles impairment, operating ratio deteriorating to 108.2% from 103.3%, and EBITDA margin contracting to 0.6% from 6.5%. Total assets declined to $477,977,509 from $508,086,944, with stockholders' equity falling to $311,390,471.

  • ·Goodwill balance: $148,476,407 as of Dec 31, 2025 (down from $169,056,675)
  • ·Intangible assets, net: $122,804,891 as of Dec 31, 2025 (down from $132,490,640)
  • ·Total contractual obligations: $90,273,243
  • ·Line of credit balance: $0 as of Dec 31, 2025 (down from $7,000,000)
  • ·Basic & Diluted loss per share: $(1.31) for 2025 (vs. $(0.47) for 2024)
  • ·Weighted average shares basic & diluted: 27,578,622 for 2025
Citigroup Commercial Mortgage Trust 2015-GC2710-Kneutralmateriality 3/10

31-03-2026

The 10-K annual report for Citigroup Commercial Mortgage Trust 2015-GC27, filed on March 31, 2026, includes multiple exhibits detailing assessments and attestations of compliance with servicing criteria for asset-backed securities by various servicers and participants. Key exhibits cover reports from entities such as Northmarq Capital, LLC, Wells Fargo Bank (master servicer prior to March 1, 2025), Trimont LLC (master servicer on and after March 1, 2025), Rialto Capital Advisors, LLC (special servicer), and others including Park Bridge Lender Services LLC, Citibank N.A., Deutsche Bank Trust Company Americas, and CoreLogic Solutions, LLC. Servicer compliance statements are also provided for Wells Fargo and Trimont.

  • ·Master servicer transition from Wells Fargo Bank, National Association to Trimont LLC effective March 1, 2025
BMO 2024-C9 Mortgage Trust10-Kpositivemateriality 4/10

31-03-2026

The 10-K annual report for BMO 2024-C9 Mortgage Trust details compliance assessments with Regulation AB Item 1122 servicing criteria by multiple servicers, including Midland, Special Servicer, PBLS, KeyBank, and the Company. All applicable criteria are confirmed as performed directly or by vendors for which the servicer is responsible, with no material deficiencies noted; several criteria are marked N/A or inapplicable depending on the servicer's role. This filing affirms ongoing adherence to transaction agreements without highlighting any servicing lapses.

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