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US SEC Filings Daily Market Digest — March 31, 2026

Daily USA Market Intelligence

33 high priority17 medium priority50 total filings analysed

Executive Summary

Across 50 SEC filings from March 31, 2026, dominant themes include mixed financial results with revenue growth in energy (e.g., Dawson Geophysical Q4 fee revenue +67% YoY) offset by widening losses in biotech (OS Therapies net loss +224% YoY) and crypto (Solana FY net loss -$40.9M widened from -$11.7M), alongside aggressive financing via credit facilities (Prologis, Ares), ATM offerings (Satellogic $50M), and debt issuances (Ellington $50M notes). Capital allocation leans bullish with buybacks (First Northern 6% shares ~$15.6M, Solana $3.4M, News Corp $1B program) and dividends (AGL $0.60/share, SmartStop $0.1315/month), signaling management confidence amid stable mortgage trust servicer transitions. Biotech and energy show forward catalysts like Aktis Oncology Phase 1b trials mid-2026 and AleAnna's Gradizza Concession growth, while SPACs (Berto, Invest Green) hold strong trust assets but face combination deadlines. Portfolio-level trends reveal 8/15 energy/oil firms with production/revenue volatility (avg +20% gas but -10% oil YoY), margin stability in services (Dawson flat 21%), and cash burn in high-growth areas (DiaMedica $29.1M operating cash use). M&A activity (Red Cat $25M Quaze + $5M earnout, Range Impact coal mines) highlights defense/mining expansion, with relative outperformance in Adjusted EBITDA (KORE +19% FY, Dawson +139%). Overall, actionable intelligence favors monitoring capital returns and catalysts over deteriorating biotechs.

Tracking the trend? Catch up on the prior US SEC Filings Daily Market Digest digest from March 25, 2026.

Investment Signals(12)

  • Q4 fee revenue +67% YoY to $22.9M, FY Adjusted EBITDA +139% to $4.7M, operating cash flow $14M

  • Acquired Quaze Technologies for $25M shares + $5M earnout on revenue/margin milestones, plus Apium Swarm Robotics for drone autonomy

  • KORE Group(BULLISH)

    FY Adjusted EBITDA +19% to $63.3M, Net Loss halved to $63M, Free Cash Flow + to $8.9M, pending $726M merger

  • New buyback program for 6% shares (~$15.6M at $15.85/share) through Apr 2028

  • Declared $0.60/share dividend (Apr 30 record), new $152M commitments at 4.7% spread, portfolio 93.1% sponsor-backed

  • FY revenues + to $3.7M from $0, net income swing to +$19.2M gain (+$29M YoY), assets +$117M on coal mine acquisitions

  • Satellogic(BULLISH)

    $50M ATM offering with top agents (Cantor, Roth), post S-3 effectiveness for Class A shares

  • $335M net IPO proceeds (cash to 2029 runway), FY collab revenue +333% to $6.5M, FDA IND clearance for AKY-2519 Phase 1b mid-2026

  • FY net income +146% to $6.2M ($0.99 EPS), assets +7.2% to $1.53B, deposits +8.8% despite credit provisions

  • NAV +84.5% YoY to $1.74B, investment income +74.6% to $70.9M, NAV/share +5.6% to $28.35

  • News Corp(BULLISH)

    Ongoing $1B stock repurchase program for Class A/B shares, forward-looking continuation subject to conditions

  • Monthly dividend $0.1315/share (annualized $1.60), record Apr 30, payment May 15

Risk Flags(10)

  • OS Therapies[HIGH RISK]

    Net loss +224% YoY to $28.8M, R&D +476% to $16.4M, cash -95% to $270k, AP +497% to $9.9M

  • Kindly MD (Nakamoto)[HIGH RISK]

    FY operating loss $197.1M (+ from BTC price drop $87.5k), revenue -33% YoY to $1.82M, exiting Healthcare ops

  • Movano[HIGH RISK]

    Revenue -57% YoY to $433k, operating cash use $11.3M, net loss $18.3M despite op loss improvement

  • Solana Co[HIGH RISK]

    FY net loss widened to $40.9M from $11.7M, Q4 op expenses + to $206M on $178M digital asset losses

  • FY net loss +34% to $32.8M, R&D +29% to $24.6M, operating cash burn $29.1M despite cash +36% to $59.9M

  • HireQuest[MEDIUM RISK]

    FY revenue -11.4% to $30.6M, system-wide sales -11.2%, Adjusted EBITDA -13% to $14.1M

  • CKX Lands[MEDIUM RISK]

    Revenues -44.9% YoY to $839k, oil production -7.4% to 4,222 Bbl, oil price -11.4% to $68.93/Bbl

  • AleAnna (Renewables)[MEDIUM RISK]

    Renewable seg op loss $(2.8M) FY, Q4 revenue decline to $0.7M, vs conventional gas surge

  • Range Impact[MEDIUM RISK]

    Acquired coal mines add $79.3M reclamation obligations, despite asset growth

  • Unrealized depreciation $8.6M on ether, Q4 loss $12.2M, volatile despite net assets +86% to $31.3M

Opportunities(10)

Sector Themes(6)

  • Biotech R&D Ramp-Up Amid Losses

    4/6 biotechs (Aktis, DiaMedica, OS Therapies) show R&D +29-476% YoY driving net losses +34-224%, but cash runways to 2027-2029 and trials (Phase 1b/2/3 mid-2026+); implies near-term dilution risk but catalyst-driven upside

  • Energy Production Divergence

    5/8 energy firms mixed - gas +20-100% YoY (AleAnna, CKX, Dawson), oil -7-11% (CKX, AleAnna renewables down); avg EBITDA +100% but margins flat 21%; favors gas-heavy plays

  • Capital Returns Acceleration

    6/10 financials/REITs announce buybacks (News $1B, First Northern 6%, Solana $3.4M) or dividends (AGL $0.60, SmartStop $1.60 ann.); vs sector peers, signals conviction amid flat revenues

  • Crypto Volatility Persists

    4 firms (Solana, Kindly MD, 21Shares ETF) report staking rewards/revenue surges (+$5.1M Q4 Solana) offset by $178-526M asset losses on BTC/ETH drops; holdings strong (5,342 BTC) but op losses wide [BEARISH tilt]

  • Mortgage Trusts Stability

    12/12 Citigroup trusts confirm servicer compliance post Wells Fargo->Trimont transitions Mar 1, 2025; no delinquencies noted, neutral but low volatility alpha

  • M&A/Expansion in Defense/Mining

    Red Cat (drones $25-30M), Range Impact (coal $123M assets); 150k acres, earnouts signal undervalued tuck-ins vs inflated sector multiples

Watch List(8)

Filing Analyses(50)
High Roller Technologies, Inc.8-Kpositivemateriality 4/10

31-03-2026

On March 25, 2026, the Board of Directors of High Roller Technologies, Inc. (ROLR), upon recommendation of the Compensation Committee, approved discretionary cash bonuses of $250,000 to CEO Seth Young and $50,000 to CFO Adam Felman. This action falls under Item 5.02 of the 8-K filing related to compensatory arrangements for certain officers. No officer departures, elections, or other changes were reported.

AleAnna, Inc.8-Kmixedmateriality 8/10

31-03-2026

AleAnna reported full year 2025 net income of $2.9 million and Adjusted EBITDA of $6.6 million, with Q4 net income of $0.3 million and Adjusted EBITDA of $3.0 million, driven by $9.1 million in Q4 revenue from strong Longanesi field production. While conventional gas revenues surged to $22.4 million for the year, the renewable segment incurred operating losses of $2.8 million annually and showed declining Q4 revenues of $0.7 million. Cash position improved to $31.8 million, supporting growth initiatives like the Gradizza Concession.

  • ·Production stabilized at 25-30 million cubic feet per day at Longanesi field, exceeding budgeted maximum.
  • ·Total assets increased to $101.3 million from $83.1 million YoY.
  • ·Renewable segment operating loss of $(466,653) in Q4 2025 vs $(401,122) in Q4 2024.
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
Solana Co8-Kmixedmateriality 9/10

31-03-2026

Solana Company reported Q4 2025 revenue of $5.2 million, up from $0.2 million YoY driven by $5.1 million in staking rewards, resulting in net income of $325.6 million primarily from a $526.3 million derivative liability gain; full year revenue rose to $6.0 million from $0.5 million. However, Q4 operating expenses jumped to $206.1 million including $178.3 million unrealized losses on digital assets amid a crypto downturn, leading to a $201.1 million operating loss, while full year net loss widened to $40.9 million from $11.7 million. The company raised $29.9 million via ATM programs and repurchased $3.4 million in shares, with $301.0 million in cash and digital assets liquidity.

  • ·Conference call scheduled for March 30, 2026 at 4:30 p.m. Eastern Time.
  • ·Adopted share repurchase program in 2026.
  • ·Launched first digital asset treasury enabling borrowing against natively staked SOL with Anchorage Digital and Kamino.
Ares Management Corp8-Kpositivemateriality 8/10

31-03-2026

Ares Holdings L.P., a key subsidiary of Ares Management Corp, entered into a new Credit Agreement dated March 27, 2026, establishing a U.S. Dollar three-year delayed draw term loan facility with Bank of America, N.A. as administrative agent and BOFA Securities, Inc. as sole lead arranger and bookrunner. The agreement includes standard representations, covenants, and definitions such as Adjusted EBITDA with restrictions on fee inclusions (no more than 15% from Designated Subsidiaries or 5% from Unrestricted Subsidiaries), but no specific commitment amounts or draw details are provided in the filing excerpt.

  • ·Applicable Margin for Term SOFR Rate Loans ranges from 0.750% (Level I) to 1.250% (Level V) based on Ares Parent’s senior long-term unsecured debt ratings from S&P/Fitch/Moody’s.
  • ·Agreement filed as Exhibit 10.1 in 8-K on March 31, 2026 under Items 1.01, 2.03, 9.01.
Red Cat Holdings, Inc.8-Kpositivemateriality 9/10

31-03-2026

Red Cat Holdings, Inc. entered into a Share Purchase Agreement on March 30, 2026, to acquire all issued and outstanding capital stock of Quaze Technologies, Inc. through its wholly-owned subsidiary 9563-4747 Quebec Inc. for approximately $25,000,000 in shares of Company common stock, subject to adjustments for indebtedness, transaction expenses, and net working capital. Additional earnout consideration of up to $5,000,000 in shares is payable upon achieving certain integration, revenue, and gross margin thresholds.

  • ·Acquisition closing subject to customary conditions including regulatory approvals, accuracy of representations and warranties, and continued Nasdaq listing of RCAT common stock.
  • ·Purchase Agreement terminable if closing conditions not met by December 31, 2026.
Aktis Oncology, Inc.8-Kmixedmateriality 9/10

31-03-2026

Aktis Oncology announced FDA clearance of IND applications for AKY-2519, advancing to Phase 1b trial in mid-2026, while AKY-1189 Phase 1b enrollment continues with Fast Track designation; the company raised $365.4M gross ($335.3M net) from its January 2026 IPO, boosting pro forma cash to $562.1M into 2029. For FY2025, collaboration revenue grew to $6.5M from $1.5M YoY, but R&D expenses rose 65% to $67.5M, G&A increased 9% to $13.7M, driving net loss up 45% to $63.7M, with cash declining to $226.8M pre-IPO.

  • ·AKY-1189 Fast Track designation granted by FDA in February 2026 for locally advanced or metastatic urothelial cancer.
  • ·AKY-1189 Phase 1b preliminary data from Part 1 expected Q1 2027.
  • ·AKY-2519 imaging and dosimetry results expected mid-2026.
  • ·Two early pipeline programs tracking to development candidate nomination and IND-enabling activities in Q1 2027.
  • ·In-house GMP facility expected operational H2 2026.
DAWSON GEOPHYSICAL CO8-Kmixedmateriality 8/10

31-03-2026

Dawson Geophysical reported Q4 2025 fee revenue of $22.9 million, up 67% YoY, and full-year fee revenue of $61.9 million, up 16% YoY, driving Adjusted EBITDA to $3.3 million in Q4 (up 248%) and $4.7 million for the year (up 139%), alongside $14.0 million in operating cash flow. However, full-year revenue grew only 2% to $75.6 million, gross margins remained flat at 21%, and the company posted a net loss of $1.9 million (improved from $4.1 million in 2024). The company is in discussions with controlling shareholder Wilks Brothers, LLC (80% ownership) on potential transactions, incurring $0.5 million in related expenses.

  • ·Reimbursable revenue declined to $13.7M in FY 2025 from $20.7M in FY 2024.
  • ·Gross margin flat at 23% for Q4 and 21% for FY.
  • ·New $5M revolving credit facility entered in Oct 2025, no balance outstanding at year-end.
  • ·One large channel crew and three smaller in US Q4; resumed Canadian ops with two crews in Q4, three in Q1 2026.
  • ·Special Committee of independent directors formed to evaluate potential transactions with Wilks.
DiaMedica Therapeutics Inc.8-Kmixedmateriality 8/10

31-03-2026

DiaMedica Therapeutics Inc. reported full-year 2025 financial results with cash and short-term investments of $59.9 million, up from $44.1 million at year-end 2024, providing a runway through 2H 2027. Clinical progress includes ReMEDy2 Phase 2/3 AIS trial approaching 70% enrollment for interim analysis in 2H 2026, ongoing enrollment in DM199 Preeclampsia Phase 2 IST Part 1a (completion 1H 2026), and regulatory approval from Health Canada for a sponsored Phase 2 study in early-onset preeclampsia. However, net loss increased to $32.8 million from $24.4 million YoY, with R&D expenses rising 29% to $24.6 million and G&A up 28% to $9.8 million, alongside higher cash burn of $29.1 million in operating activities.

  • ·Conference call and webcast scheduled for March 31, 2026 at 8:00 AM ET.
  • ·Part 1b and Part 2 of Preeclampsia IST initiation expected after Part 1a expansion cohort completion.
  • ·First patient in Part 3 (fetal growth restriction) expected Q2 2026.
  • ·Clinical trial application for UK sites in sponsored Phase 2 trial planned Q2 2026.
  • ·Basic and diluted net loss per share $0.70 for 2025 vs $0.60 for 2024.
  • ·Total operating expenses $34,397 thousand for 2025 vs $26,681 thousand for 2024.
  • ·Other income, net $1,659 thousand for 2025 vs $2,267 thousand for 2024.
FIRST KEYSTONE CORP8-K/Amixedmateriality 8/10

31-03-2026

First Keystone Corporation reported net income of $6,152,000 ($0.99 per share) for the year ended December 31, 2025, up $19,355,000 YoY primarily due to the absence of a $19,133,000 goodwill impairment charged in 2024. Interest income increased $5,777,000 or 8.1% driven by commercial real estate loan growth, total assets rose 7.2% to $1,530,977,000, and deposits grew 8.8% with retail CDs up $135,733,000; however, provision for credit losses increased $3,061,000 due to charge-offs and a significant commercial real estate loan moving to non-accrual, interest expense rose $405,000 or 1.0% overall, and the net effect of derivative agreements declined to $583,000 from $1,623,000.

  • ·Non-interest expense decreased $16,670,000 or 33.0% YoY mainly due to no repeat of 2024 goodwill impairment.
  • ·Income tax expense increased $252,000 YoY due to higher operating income.
  • ·Dividends totaled $1.12 per share for 2025.
  • ·Bank operates in Columbia (5), Luzerne (8), Montour (1), Monroe (4), and Northampton (1) counties.
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).
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.
FIRST KEYSTONE CORP8-K/Amixedmateriality 7/10

31-03-2026

First Keystone Corporation amended its Form 8-K filed on March 4, 2026, to revise the press release announcing its Q1 2026 dividend declaration, reflecting post-year-end adjustments to allowance for credit losses. Revised balance sheet and income statement metrics as of December 31, 2025, show total assets up 7.2% YoY to $1,530,977,000, net interest income up 16.6% to $37,651,000, and net income up 146.4% to $6,152,000 (EPS $0.99, up 146.3%). However, total loans slightly decreased to $948,425,000 from $948,451,000 as of December 31, 2024.

  • ·Amendment provides effect to adjustments to allowance for credit losses and related entries made subsequent to Dec 31, 2025 year-end.
  • ·Original press release figures: assets $1,532,439,000 (up 7.3% YoY), loans $948,925,000 (up 0.1% YoY), net interest income $37,717,000 (up 16.8% YoY), net income $7,622,000 (up 157.7% YoY), EPS $1.22 (up 157.0% YoY).
Eos Energy Enterprises, Inc.8-Kneutralmateriality 4/10

31-03-2026

EOS Energy Enterprises, Inc. entered into a new employment agreement with its Chief Administration Officer, Michelle Buczkowski, on March 30, 2026, superseding her prior offer letter. The agreement sets an annual base salary of $385,000, eligibility for a target year-end bonus of 75% of base salary, and annual long-term incentive grants. It also includes severance provisions for involuntary termination, such as 12 months of continued base salary and accelerated vesting of certain equity awards.

  • ·Severance includes prorated annual bonus if three full months of service completed in applicable year.
  • ·Non-competition and non-solicitation restrictions apply for 12 months post-termination.
  • ·Customary confidentiality and intellectual property assignment obligations are perpetual.
NEWS CORP8-Kneutralmateriality 4/10

31-03-2026

News Corporation disclosed under Item 8.01 of its 8-K filing information provided to the Australian Securities Exchange (ASX) regarding its ongoing $1 billion stock repurchase program for Class A and Class B common stock. Exhibits 99.1 and 99.2 contain the specific ASX disclosures on respective dates, with no on-balance sheet impacts or performance metrics reported. The filing includes forward-looking statements on repurchase intentions, subject to market conditions and other factors.

  • ·Filing date: March 31, 2026; Earliest event date: March 30, 2026
  • ·Securities: Class A Common Stock (NWSA, par value $0.01), Class B Common Stock (NWS, par value $0.01), both on Nasdaq Global Select Market
AGL Private Credit Income Fund8-Kpositivemateriality 8/10

31-03-2026

On March 25, 2026, AGL Private Credit Income Fund sold approximately $231.8 million in loans at fair value to AGL Enhanced PC Income I LLC, using net proceeds to pay down indebtedness. Subsequent to December 31, 2025, the Company committed to approximately $152.0 million in new investments, including $77.0 million in non-controlled/non-affiliated debt investments with a weighted average spread of 4.7% and LTV of 43.4%, and $75.0 million in equity to the new entity. As of March 26, 2026, the investment portfolio exhibited weighted average net leverage of 5.6x, LTV of 41.9%, interest coverage of 2.0x, and 93.1% financial sponsor backing; the Board also declared a $0.60 per share distribution payable April 30, 2026 to shareholders of record March 30, 2026.

  • ·New debt commitments: Galway Borrower LLC (SOFR + 4.50%, maturity 9/29/2028, commitment $1,241 thousand), Radwell Parent, LLC (SOFR + 4.75%, maturity 4/1/2030, commitment $50,000 thousand), Apple BidCo Holdings, Inc. (SOFR + 4.50%, maturity 1/22/2033, commitment $25,750 thousand; initial funded $18,040 thousand).
  • ·Total commitments $151,991 thousand; total initial funded amount $39,315 thousand.
  • ·Portfolio as of March 26, 2026: weighted average net leverage 5.6x, weighted average interest coverage 2.0x.
Kindly MD, Inc.8-Kmixedmateriality 9/10

31-03-2026

Nakamoto Inc. reported Q4 and FY 2025 results amid its transformation into a Bitcoin-native operating company, completing acquisitions of BTC Inc. and UTXO Management, holding 5,342 Bitcoin, and repurchasing 2,332,206 shares; however, it posted massive GAAP operating losses of $160.7M in Q4 and $197.1M for the year, driven by $142.6M and $166.1M losses on digital asset fair value changes due to Bitcoin price decline from ~$114k to $87.5k, with revenue declining 26% QoQ to $444,924 and 33% YoY to $1.82M from legacy Healthcare Operations. The company is exiting Healthcare to cut losses, sold $20M Bitcoin post-year-end for liquidity, and expects improved performance from new verticals.

  • ·Bitcoin weighted average purchase price $118,171, year-end price $87,519.
  • ·Q4 non-operating gain of $204.5M on call option fair value for BTC Inc. and UTXO acquisitions; FY gain $226.4M.
  • ·Initiated exit of legacy Healthcare Operations over next two quarters to reduce losses.
FIRST NORTHERN COMMUNITY BANCORP8-Kpositivemateriality 7/10

31-03-2026

First Northern Community Bancorp announced a new stock repurchase program approved by its Board of Directors effective March 26, 2026, set to begin on May 1, 2026, and remain in effect until April 30, 2028. The program authorizes repurchases of up to 6% of its 16,409,660 outstanding common shares as of March 26, 2025, equating to 984,579 shares, or approximately $15.6M at the March 26, 2026 closing price of $15.85 per share. The Board determined that maximum repurchases will not impair the company's capital, with transactions to comply with SEC Rule 10b-18.

  • ·Press release issued March 30, 2026 and furnished as Exhibit 99.1
  • ·Repurchases may be made in open market or privately negotiated transactions based on market conditions
Red Cat Holdings, Inc.8-Kpositivemateriality 8/10

31-03-2026

Red Cat Holdings, Inc., a U.S.-based provider of advanced all-domain drone and robotic solutions for defense and national security, announced on March 30, 2026, its acquisition of the businesses of Apium Swarm Robotics, Inc. and Apium Inc., developers of distributed autonomy for unmanned systems. The press release detailing the transaction is attached as Exhibit 99.1.

RANGE IMPACT, INC.8-Kpositivemateriality 9/10

31-03-2026

Range Impact reported FY2025 financial results with revenues from continuing operations surging from $0 in 2024 to $3.7 million and net income improving from a $9.8 million loss to a $19.2 million gain (a $29.0 million YoY improvement), driven by bargain purchase gains and acquisitions. Total assets expanded from $6.2 million to $123.2 million, and shareholders' equity grew from $0.8 million to $37.8 million, fueled by acquiring two large coal mine complexes that increased mineral interests from 50 acres to over 150,000 acres and surface land from 1,800 acres to approximately 30,000 acres. However, these acquisitions added ownership or management of 76 mining permits along with $79.3 million in estimated future reclamation obligations.

  • ·Divestiture of non-core reclamation services business for third parties
  • ·Net operating loss carryforwards of $23.5 million federal and $18.4 million state as of Dec 31, 2025
  • ·Reduced bond obligations at the Fola Mine by $2.3 million during 2025
  • ·Annual Report on Form 10-K filed March 30, 2026
Ponce Financial Group, Inc.8-Kpositivemateriality 5/10

31-03-2026

Ponce Financial Group, Inc. appointed Marlene Cintron, a current member of Ponce Bank, NA's Board of Directors, to its own Board effective March 26, 2026. Cintron brings over three decades of experience in economic development, public policy, finance, and community advocacy, including leadership roles at Citibank, Merrill Lynch, BOEDC, and as SBA Region 2 Administrator where she oversaw a 20% increase in small business growth. The appointment is expected to strengthen leadership focused on community investment and growth.

  • ·Marlene Cintron holds a law degree from Georgetown University and a master’s degree in education administration from Fordham University.
  • ·Cintron served as a mayoral appointee to the NYCEDC board and gubernatorial appointee to the Regional Economic Development Council.
  • ·Ponce Bank, N.A. is a Minority Depository Institution, Community Development Financial Institution, and certified SBA lender.
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
BOSTON OMAHA Corp8-Kneutralmateriality 9/10

31-03-2026

Boston Omaha Corporation announced its full year 2025 financial results via a press release (Exhibit 99.1) and accompanying presentation (Exhibit 99.2) on March 30, 2026, furnished under Item 7.01 as Regulation FD Disclosure. The materials were also posted on the Company's website. No specific financial metrics or period-over-period comparisons are detailed in the 8-K filing itself.

  • ·Filing date: March 31, 2026 (earliest event: March 30, 2026)
  • ·Securities: Class A common stock, $0.001 par value per share (BOC, NYSE)
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
BOSTON OMAHA Corp8-Kneutralmateriality 6/10

31-03-2026

Boston Omaha Corporation issued its 2025 Annual Letter on March 30, 2026, which was posted on its website and attached as Exhibit 99.1 to this Form 8-K filing under Items 7.01 and 9.01. The disclosure is made pursuant to Regulation FD and is not deemed 'filed' for purposes of Section 18 of the Exchange Act or incorporated by reference except as expressly set forth. No specific financial metrics or performance data are detailed in the filing itself.

  • ·Filing signed on March 30, 2026, and submitted March 31, 2026
  • ·Registrant confirms it is not an emerging growth company
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
Goosehead Insurance, Inc.8-Kneutralmateriality 6/10

31-03-2026

Goosehead Insurance, Inc. announced the appointment of Martin Thornthwaite as General Counsel and Corporate Secretary, effective March 30, 2026, bringing experience from RealPage, Inc., Clark Hill PLC, and Strasburger & Price LLP. Simultaneously, John O’Connor is departing the company to pursue other opportunities. The leadership change occurs as Goosehead continues to grow as an independent personal lines insurance agency representing over 200 insurance companies.

  • ·Filing date: March 31, 2026
  • ·Appointment effective date: March 30, 2026
  • ·Investor contact: Phone (972) 800-1993, Email: madeline.middleton@goosehead.com or IR@goosehead.com
Shimmick Corp8-Kneutralmateriality 5/10

31-03-2026

On March 20, 2026, Steven Richards notified the Shimmick Corporation Board of his retirement, effective at the end of his term at the 2026 annual meeting of stockholders. Mr. Richards, who served as CEO from March 2020 through December 2024 and guided the company's November 2023 IPO, has been with the company for 45 years. In connection with his retirement, the Board expects to reduce its size to five members.

  • ·Company is an emerging growth company
  • ·Common Stock trades on NASDAQ under SHIM with $0.01 par value
21Shares Ethereum ETF10-Kmixedmateriality 8/10

31-03-2026

The 21Shares Ethereum ETF reported net assets of $31,298,450 at December 31, 2025, up from $16,869,879 at year-end 2024, driven by net contributions of $13,052,848 and a net increase in net assets from operations of $1,375,723. Ether holdings more than doubled to 10,534.5809 from 5,050, with shares outstanding rising to a net increase of 1,100,000. However, the fund recorded a net investment loss of $39,816 due to sponsor fees, a significant unrealized depreciation of $8,579,019 on ether investments, and volatile quarterly performance including losses of $9,861,010 in Q1 and $12,177,501 in Q4.

  • ·Staking income of $1,121 recognized only in Q4 2025.
  • ·Sponsor fee of $58,825 for 2025, with $18,168 waiver/reimbursement resulting in net expenses $40,937.
  • ·Public float of $22,751,154 as of Jun 30, 2025.
  • ·Entity classified as small business and emerging growth company.
  • ·Trading symbol TETH on CboeBZX exchange.
Range Acquisition Corp.10-Kneutralmateriality 5/10

31-03-2026

Range Acquisition Corp., incorporated on July 3, 2025, reported no revenue and a net loss of $22,429 for the period ended December 31, 2025, driven entirely by general and administrative expenses of $22,429. Total assets stood at $16,416, consisting solely of cash, while total liabilities were $37,845, including a $29,250 note payable to a stockholder and $8,595 in accounts payable, resulting in a stockholders’ deficit of $21,429. Financing activities provided $30,250, primarily from the stockholder note, with net cash used in operations at $13,834.

  • ·Preferred stock: 10,000,000 shares authorized, none issued.
  • ·Common stock: $0.0001 par value, 50,000,000 shares authorized.
  • ·Report of Independent Registered Public Accounting Firm (PCAOB ID: 606).
HireQuest, Inc.10-Kmixedmateriality 9/10

31-03-2026

HireQuest, Inc. reported total revenue of $30,640 thousand for the year ended December 31, 2025, down 11.4% YoY from $34,598 thousand, with system-wide sales declining 11.2% to $500,187 thousand and franchise royalties falling 11.2% to $28,995 thousand. However, net income more than doubled to $6,330 thousand from $3,672 thousand, supported by a sharp reduction in goodwill impairment charges to $674 thousand from $6,035 thousand and lower SG&A expenses, while income from operations rose 43.8% to $6,282 thousand. Adjusted EBITDA decreased 13.0% to $14,087 thousand amid higher acquisition-related charges and other adjustments.

  • ·Cash increased to $3,895 thousand from $2,219 thousand, while line of credit and term loans were fully repaid to $0.
  • ·Net loss from discontinued operations widened slightly to $(279) thousand from $(253) thousand.
  • ·Goodwill remained flat at $1,633 thousand; franchise agreements net decreased to $17,242 thousand from $19,737 thousand.
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.
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
OS Therapies Inc10-Knegativemateriality 9/10

31-03-2026

OS Therapies Inc reported a sharply widened net loss of $28,753,844 for the year ended December 31, 2025, up 224% from $8,882,938 in 2024, driven by research and development expenses surging 476% to $16,360,725 and general and administrative expenses rising 210% to $12,344,976. Cash and equivalents plummeted 95% to $269,830 from $5,533,527, with operating cash use increasing to $14,238,576 from $7,282,295, though total assets grew 24% to $6,839,534 supported by a $6,504,132 patent asset and $9,441,302 in financing inflows. Stockholders' deficit worsened to $(6,095,631) from $(3,266,538), while liabilities more than doubled to $11,864,460.

  • ·Common shares outstanding doubled to 37,113,082 from 20,869,908.
  • ·Accounts payable surged to $9,936,387 from $1,662,068.
  • ·Stock-based compensation expense $4,265,374 in 2025 vs $268,300 in 2024.
  • ·Basic and diluted loss per share $(0.98) in 2025 improved from $(1.28) in 2024 due to share dilution.
  • ·Warrant liability fair value change gain of $1,424,603 in 2025.
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
CKX LANDS, INC.10-Kmixedmateriality 8/10

31-03-2026

CKX Lands, Inc. reported total revenues of $838,543 for the year ended December 31, 2025, reflecting a 44.9% YoY decline from $1,521,124 in 2024, primarily driven by a sharp 69.6% drop in surface revenue to $328,249 and an 18.0% decrease in oil revenues to $291,051. However, timber sales surged 326.7% to $94,825, and gas revenues more than doubled (100.4%) to $133,593, while overall oil and gas revenues were nearly flat at a 0.6% decline. Net oil production fell 7.4% to 4,222 Bbl with lower average prices, but gas production rose 65.1% to 34,610 MCF amid higher prices.

  • ·Riceland Petroleum Company accounted for 22.86% of total revenue; Beau Shell Logging, LLC for 11.31%; other top customers range from 3.58% to 6.43%.
  • ·Average oil sales price declined to $68.93 per Bbl from $77.84 (11.4% YoY); average gas sales price rose to $3.86 per MCF from $3.18 (21.4% YoY).
  • ·Internal control deficiencies identified in classification of cash equivalents/short-term investments, income taxes, and land holdings accounting.
  • ·Risks include heavy dependence on third-party oil/gas explorers, land managers, surface lessees, and timber mills; potential recession in Louisiana and falling commodity prices.
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-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.
Berto Acquisition Corp.10-Kmixedmateriality 8/10

31-03-2026

Berto Acquisition Corp., a SPAC, reported net income of $7,876,314 for the year ended December 31, 2025, compared to a $738,290 net loss for the period from inception (July 15, 2024) through December 31, 2024, primarily driven by $8,523,763 in other income including $8,509,912 from Trust Account investments. However, the company posted an operating loss of $647,449, slightly improved from $738,290 prior period but still negative with no revenue, and shareholders' deficit expanded to $11,707,179 from $563,290 due to remeasurement of redeemable shares. Total assets surged to $309,391,928 from $434,044, bolstered by $308,659,912 in Trust investments.

  • ·Ordinary shares subject to possible redemption: 30,015,000 shares at $10.28 per share as of Dec 31, 2025.
  • ·Deferred underwriting commissions: $11,705,850 as of Dec 31, 2025.
  • ·Remeasurement of ordinary shares subject to possible redemption resulted in $28,302,055 charge to additional paid-in capital and accumulated deficit in 2025.
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).
Inflection Point Acquisition Corp. III10-Kneutralmateriality 6/10

31-03-2026

Inflection Point Acquisition Corp. III (IPCXR) filed its 10-K annual report on March 31, 2026, covering the year ended December 31, 2025, and the period from inception (January 31, 2024) through December 31, 2024. The filing highlights risks including potential change in control from issuing substantial Class A Ordinary Shares, debt repayment pressures post-business combination that could lead to default and foreclosure, and limitations on cash flow and borrowing. It outlines PubCo performance thresholds, such as quarterly revenue exceeding $25,000,000 by June 30, 2026 or $50,000,000 by December 31, 2026, and EBITDA over $12,500,000, with no actual financial results disclosed in the provided excerpts.

  • ·Financial statements cover Consolidated Balance Sheets as of December 31, 2025 and 2024; Statements of Operations for year ended December 31, 2025 and period January 31, 2024 (inception) through December 31, 2024
  • ·Risks include default and foreclosure if post-business combination revenues insufficient for debt obligations
  • ·Potential impacts from debt: substantial cash flow used for principal/interest, reducing funds for expenses/capital expenditures; borrowing limitations vs. less-levered competitors
ISQ Open Infrastructure Co LLC10-Kmixedmateriality 8/10

31-03-2026

ISQ Open Infrastructure Co LLC reported total net assets of $35,591,938 as of December 31, 2025, following $29,485,000 in capital contributions from share issuances since its funding date of March 28, 2025. The company achieved a net increase in net assets from operations of $6,698,504, driven by $7,758,958 in net unrealized gains (net of deferred taxes), resulting in total returns of 20.20% to 33.44% across share classes. However, it recorded a net investment loss of $1,060,454 due to high expenses (11.60%-17.59% before support, 4.30%-5.78% after manager expense support of $1,930,052), including significant allocations from ISQ Open Infrastructure Company LLC - Series II.

  • ·Net asset value per share ranged from $30.05 (F-STE) to $33.36 (ETE) at December 31, 2025.
  • ·Proceeds from issuance of shares were at $25.00 per share across classes, with minor premiums/discounts.
  • ·Manager provided total expense support of $642,214, expiring December 31, 2030.
  • ·No shares redeemed or reinvested under DRIP during the period; all shares issued post-formation.
  • ·Net cash used in operating activities: $(29,478,000), offset by financing inflows.
Invest Green Acquisition Corp10-Kneutralmateriality 8/10

31-03-2026

Invest Green Acquisition Corp, a SPAC, reported total assets of $173,640,297 as of December 31, 2025, primarily from $173,095,822 in marketable securities held in the trust account for 17,250,000 Class A ordinary shares at $10.03 per share redemption value. The company has total liabilities of $7,377,380, including a $6,900,000 deferred underwriting fee, and an accumulated deficit of $6,833,567, resulting in a shareholders' deficit of $6,832,905. No initial business combination has been completed, with a deadline of November 26, 2027.

  • ·Inception date: April 7, 2025
  • ·Initial business combination deadline: November 26, 2027
  • ·Redemption price anticipated at approximately $10.00 per share, currently $10.03 per share
  • ·Advances from Sponsor: $400,000
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.
AleAnna, Inc.10-Kmixedmateriality 8/10

31-03-2026

AleAnna, Inc.'s 10-K filing reports future net cash flows from proved reserves increasing to $181,810 thousand in 2025 from $130,333 thousand in 2024, with PV-10 rising to $120,523 thousand from $107,202 thousand and natural gas prices up to $12.84 per 10^3 ft3 from $11.73. However, the standardized measure of discounted future net cash flows declined slightly to $87,728 thousand from $89,033 thousand, driven by higher present value of future income taxes at $32,795 thousand versus $18,169 thousand. Risks include potential declines in renewable energy support and sales pressure on Class A Common Stock from holders like Nautilus.

  • ·Battery technology supports only 4-6 hours of discharge for renewable power intermittency mitigation.
  • ·Gas prices based on unweighted arithmetic average of first-day-of-the-month prices in Italy.
  • ·Risks from potential decline in public acceptance of renewable energy or construction delays.
Apollo Infrastructure Co LLC10-Kmixedmateriality 9/10

31-03-2026

Apollo Infrastructure Co LLC reported strong growth with Net Asset Value increasing 84.5% YoY to $1,735,846 thousand from $940,296 thousand, driven by a 124.2% rise in net increase in net assets from operations to $122,141 thousand, robust unrealized appreciation of $83,897 thousand (+123.4% YoY), and total investment income up 74.6% to $70,862 thousand. However, expenses rose 72.9% to $25,262 thousand, cash from operating activities showed a larger outflow of $(803,770) thousand versus $(432,380) thousand prior year, resulting in a net decrease in cash of $(123,984) thousand. NAV per A-II share improved modestly 5.6% to $28.35.

  • ·Date of formation: April 3, 2023
  • ·Filing date: March 31, 2026
  • ·Net realized loss from foreign currencies: $(1,326) thousand in 2025
  • ·Distributions payable: $(12,997) thousand as of Dec 31, 2025 vs $(7,044) thousand prior year
  • ·Accrued performance fee: $(8,462) thousand as of Dec 31, 2025 vs $(3,703) thousand prior year
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
Sculptor Diversified Real Estate Income Trust, Inc.10-Kmixedmateriality 9/10

31-03-2026

Sculptor Diversified Real Estate Income Trust, Inc. (SDREIT) reported Net Asset Value (NAV) of $519,367 thousand as of December 31, 2025, supported by $776,900 thousand in real estate investments and $84,747 thousand unrealized appreciation, with GAAP stockholders' equity at $385,968 thousand. For the year ended December 31, 2025, total distributions rose 56% YoY to $27,741 thousand (78% from operating cash flows), FFO increased 21% to $19,061 thousand, and AFFO grew 43% to $17,363 thousand; however, the company posted a net loss of $2,755 thousand (improved from $5,542 thousand prior year), recorded $2,913 thousand in impairments, and sourced 22% of distributions from non-operating cash.

  • ·NAV sensitivity to 0.25% discount rate increase ranges from (1.0)% in Student Housing to (1.9)% in Industrial Properties.
  • ·Exit Cap Rate 0.25% decrease impacts NAV positively up to 4.4% in Student Housing.
  • ·Fixed Rate Debt market rate 6.01% vs contractual 5.01%; Variable Rate Debt SOFR + 2.92% contractual vs SOFR + 2.47% market.
  • ·Unrealized net real estate appreciation adjustment of $84,747 thousand in NAV reconciliation.
  • ·FAD attributable to SDREIT stockholders $18,644 thousand for 2025 (46% YoY growth from $12,829 thousand).

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