Friday Furnace
Historical analysis

Archive

20 results
CGC Canopy Growth, Corp. Post Restatement Transition
Market cap : at edition (Aug 7, 2026) $394M

Canopy Growth's Auditor Departs After Adverse Controls Opinion and Restatement

PKF O'Connor Davies resigned as Canopy Growth's independent auditor on August 7, 2026, less than ten months after being ratified by shareholders, citing strategic changes regarding its services to the cannabis sector. The departure followed PKF's June 15, 2026 audit report, which contained an adverse opinion on Canopy Growth's internal controls over financial reporting, identifying a material weakness in the review of equity-linked instrument classification. The same filing re-discloses a May 2026 non-reliance determination covering audited financials for fiscal years 2024 and 2025 and eight quarterly periods, stemming from share-settled warrants that were incorrectly classified as equity. MNP LLP, a Canadian firm with no prior relationship with the company, was engaged as replacement on the same day.

accountingfinancialgovernance
FGBI First Guaranty Bancshares, Inc. Distressed
Market cap : at edition (Aug 7, 2026) $158M

FDIC Consent Order Finds First Guaranty Bank Capital Short

to read
POST POST Holdings, Inc. Management Transition
Market cap : at edition (Aug 7, 2026) $4.1B

Post Holdings Discloses Pay for Vitale Successor, New CEO

to read
DJT Trump Media & Technology Group, Corp. Strategic Reversal
Market cap : at edition (Aug 7, 2026) $2.7B

Trump Media Terminates Crypto.com SPAC Deal, Downgrades Prediction Market Partnership

to read
ORBS Eightco Holdings, Inc. Listing Compliance
Market cap : at edition (Aug 7, 2026) $259M

Eightco Faces Nasdaq Delisting Clock Despite $378M in Reported Holdings

to read
DV Doubleverify Holdings, Inc. Acquisition Pending
Market cap : at edition (Aug 7, 2026) $1.8B

Nielsen Agrees to Buy DoubleVerify for $13.60 a Share

to read
MGPI MGP Ingredients, Inc. Credit Pressure
Market cap : at edition (Aug 7, 2026) $371M

MGP Amends Credit Pacts to Shield $20M in Receivable Losses From Covenants

to read
CUE CUE Biopharma, Inc. Turnaround
Market cap : at edition (Aug 14, 2026) $128M

Cue Biopharma Books $153M Loss as Ascendant Warrant Accounting Dominates Q2

Cue Biopharma reported a Q2 2026 net loss of $153.1 million — versus $8.5 million in the year-ago quarter — driven almost entirely by accounting charges tied to its April 30 license of anti-IgE antibody Ascendant-221. The single largest item was a $90.0 million loss on the issuance of liability-classified warrants to Ascendant Health Sciences, partially offset by a $24.5 million mark-to-market gain on the same instruments. A further $19.7 million of non-cash stock-based compensation and roughly $23 million in transaction and leadership-transition costs pushed G&A to $46.6 million for the quarter. Cash stood at $17.4 million at June 30 before a $50 million private placement, led by Cormorant Asset Management and Columbia Threadneedle, closed on July 13.

corporatedisclosurefinancial
CBNK Capital Bancorp, Inc. Turnaround
Market cap : at edition (Aug 14, 2026) $617M

Capital Bancorp Swaps Auditors Eleven Weeks After Shareholder Ratification

to read
ZNTL Zentalis Pharmaceuticals, Inc. Runway Extension
Market cap : at edition (Aug 14, 2026) $307M

Zentalis Issues $75M Equity Offering Seven Days After Cash Guidance

to read
NAMS Newamsterdam Pharma Co N.V. Management Transition
Market cap : at edition (Aug 14, 2026) $3.3B

NewAmsterdam COO Exits Without Named Successor at EU Launch Eve

to read
ACHV Achieve LIFE Sciences, Inc. Serial Equity Issuance
Market cap : at edition (Aug 14, 2026) $687M

Achieve Adds $150M ATM Four Months After $180M Private Placement

to read
VUZI Vuzix, Corp. Distressed
Market cap : at edition (Aug 14, 2026) $218M

Vuzix Opens $100M Stock Sale Facility as Cash Burns

to read
SES SES AI, Corp. Exchange Compliance
Market cap : at edition (Aug 14, 2026) $212M

NYSE Halts SES AI Warrant Trading, Begins Delisting

to read
OPK OPKO Health, Inc. Distressed
Market cap : at edition (Aug 14, 2026) $1.0B

OPKO Pledges Royalty Assets for $125 Million at 11.5%

to read
OPTU Optimum Communications, Inc. Listing At Risk
Market cap : at edition (Aug 14, 2026) $227M

Optimum Communications Receives NYSE Delisting Warning as Stock Stays Below $1

to read
HNRG Hallador Energy Co. Credit Pressure
Market cap : at edition (Aug 14, 2026) $743M

Hallador Rewrites EBITDA Definition Retroactively for Q2 in Third Credit Amendment

to read
ARCC ARES Capital, Corp. Nav Erosion
Market cap : at edition (Aug 14, 2026) $14.3B

Ares Capital Secures Below-NAV Share Issuance Authority at Special Meeting

to read
KLC Kindercare Learning Companies, Inc. Family Controlled Related Party
Market cap : at edition (Aug 14, 2026) $550M

KinderCare Raises Rent Escalation Cap in Related-Party Lease Covering 545 Sites

to read
BBBY Neighborhood Intelligence, Inc. Strategic Pivot
Market cap : at edition (Aug 14, 2026) $403M

Bed Bath & Beyond Becomes Neighborhood Intelligence, Moves to Nasdaq

to read