Friday Furnace
Historical analysis

Archive

17 results
NAUT Nautilus Biotechnology, Inc. Serial Equity Issuance
Market cap : at edition (Sep 11, 2026) $126M

Nautilus Opens $125M ATM, Replacing Two-Year-Old Unused Facility

Nautilus Biotechnology established a new $125 million at-the-market equity offering with TD Securities on September 11, 2026, simultaneously terminating a prior ATM dated February 28, 2024 under which no shares were ever sold. The facility — sized near the company's approximate $125.9 million market cap — gives management broad discretion to sell equity, though there is no obligation to do so. Cash and investments have declined from $156.1 million at year-end 2025 to $129.2 million at June 30, 2026, as the pre-revenue company runs at roughly $13–15 million of net loss per quarter. Management guided in February 2026 that existing cash was sufficient through 2027.

corporatefinancial
NPWR Net Power, Inc. Strategic Reversal
Market cap : at edition (Sep 11, 2026) $161M

NET Power Indefinitely Suspends Baker Hughes Oxy-Combustion Partnership

to read
KPLT Katapult Holdings, Inc. Turnaround
Market cap : at edition (Sep 11, 2026) $778M

Katapult Swaps Grant Thornton for Elliott Davis After Merger Closes

to read
TG Tredegar, Corp. Management crisis
Market cap : at edition (Sep 11, 2026) $258M

Tredegar Loses General Counsel One Month After CFO Departure

to read
GUTS Fractyl Health, Inc. Listing At Risk
Market cap : at edition (Sep 11, 2026) $102M

Fractyl Health Receives Nasdaq Delisting Notice After Six-Month Cure Fails

to read
AXR AMREP, Corp. Operational crisis
Market cap : at edition (Sep 11, 2026) $122M

AMREP Q1 Revenue Falls 66%, Net Income Drops to $276K

to read
SBMT Silver BOW Mining, Corp. Merger Pending
Market cap : at edition (Sep 11, 2026) $233M

Silver Bow Deploys $33.6M of IPO Proceeds in Staged Montana Mine Acquisition

to read
LEU Centrus Energy, Corp. Rapid Expansion
Market cap : at edition (Sep 11, 2026) $3.3B

Centrus Raises $500M, Discloses Advanced Acquisition Talks

to read
MEVO M Evo Global Acquisition Corp II Management crisis
Market cap : at edition (Sep 11, 2026) $401M

SPAC Founding CEO Silver Exits Seven Months After $300 Million IPO

to read
GEN GEN Digital, Inc. Exec Pay Governance
Market cap : at edition (Sep 11, 2026) $17.9B

Gen Digital Shareholders Reject Executive Pay in 41% Approval Collapse

to read
KULR KULR Technology Group, Inc. Strategic Reversal
Market cap : at edition (Sep 11, 2026) $109M

KULR Sells All Remaining Bitcoin, Completing Full Treasury Exit

to read
DJCO DAILY Journal, Corp. Contested
Market cap : at edition (Sep 11, 2026) $892M

Daily Journal Eliminates Cumulative Voting as Activist Conflict Lingers

to read
DFDV Defi Development, Corp. Capital Strategy Shift
Market cap : at edition (Sep 11, 2026) $169M

DFDV Launches 30-Million-Share Preferred ATM Three Days After IPO

to read
SEER SEER, Inc. Contested
Market cap : at edition (Sep 18, 2026) $106M

Seer CFO Departs With No Replacement Named as CEO Accumulates Three Titles

David Horn resigned as President, CFO, and Treasurer of Seer, Inc. effective October 1, 2026, with no CFO named to succeed him. CEO Omid Farokhzad absorbed the President title, giving him three of the company's top roles simultaneously. The departure lands while Seer's Special Committee is actively evaluating two unsolicited acquisition proposals — one from Farokhzad himself, revised July 29, and one from activist investor Bradley Radoff's group at $2.55 per share, received July 28. The company replaced Horn in the principal financial officer seat with Charles Endweiss, its VP of Financial Planning & Analysis, whose title is Treasurer — not CFO.

corporatefinancialmanagement
MG Mistras Group, Inc. Merger Pending
Market cap : at edition (Sep 18, 2026) $632M

H.I.G. Capital to Take MISTRAS Private at $20.35 a Share

to read
SAR Saratoga Investment, Corp. Leadership Transition
Market cap : at edition (Sep 18, 2026) $287M

Saratoga CFO Steenkamp Steps Down; Controller Named Principal Financial Officer

to read
DASH Doordash, Inc. Founder Entrenchment
Market cap : at edition (Sep 18, 2026) $84.3B

DoorDash Founders Use Supervoting Shares to Reincorporate in Nevada

to read