US Corporate Distress Financial Stress SEC Filings — April 08, 2026

08-04-2026

Ensysce Biosciences closed a second $2 million convertible preferred stock financing under a November 2025 commitment providing up to $20 million over 24 months to support its flagship analgesic programs and general corporate initiatives. The tranche features a fixed conversion price of $0.55 per share, 100% warrant coverage with an 18-month term, and additional 100% warrant coverage with a five-year term. This funding underscores investor confidence in the company's TAAP and MPAR platforms for abuse- and overdose-resistant pain treatments.

• ·Alternate conversion price based on average common stock prices prior to conversion.
• ·Warrants exercisable at fixed conversion price of $0.55 per share, subject to adjustment.
• ·Announcement date: April 7, 2026; SEC filing date: April 8, 2026.

08-04-2026

On April 7, 2026, Genesco Inc.'s Board of Directors adopted the Short-Term Incentive Plan (STIP), effective for the 2027 fiscal year, replacing the Fourth Amended and Restated EVA Plan. The STIP offers annual cash awards to eligible employees, including named executive officers, based on 75% business unit/corporate performance metrics and 25% individual strategic objectives, with multiples up to 3x target awards subject to Committee discretion and reductions. No specific performance outcomes or financial impacts are reported in the filing.

• ·Awards payable in cash, subject to clawback/recoupment policies and cancellation for unsatisfactory performance or policy violations.
• ·Committee approves target performance goals prior to April 30 each plan year; retains discretion to reduce (but not increase) bonuses.
• ·Performance criteria may include net earnings, EPS, revenue, operating income, cash flow, and others.

08-04-2026

On April 8, 2026, Phio Pharmaceuticals Corp. entered into an At The Market Offering Agreement with H.C. Wainwright & Co., LLC, enabling the company to offer and sell up to $6,360,000 of its common stock, par value $0.0001 per share, from time to time through the sales agent. The sales agent is entitled to a 3.0% commission on gross proceeds and reimbursement of up to $75,000 for legal counsel fees. No shares are obligated to be sold, and the agreement can be suspended or terminated at the company's discretion.

• ·Sales Agreement registered under Securities Act pursuant to shelf registration effective July 1, 2024
• ·Prospectus supplement filed with SEC on April 8, 2026
• ·Company's principal executive offices at 411 Swedeland Road, Suite 23-1080, King of Prussia, PA 19406
• ·Common Stock traded on The Nasdaq Capital Market under symbol PHIO

08-04-2026

New Era Energy & Digital, Inc. entered into a Term Loan Agreement dated April 8, 2026, with Texas Critical Data Centers LLC as the Borrower and Macquarie Equipment Capital Inc. as Administrative Agent, establishing a term loan credit facility including Term Loan A-1, A-2, A-3, and Delayed Draw Term Loans. Interest rates are set at 5.50% per annum for First Stage Loans and 7.75% for Second Stage Loans. The agreement defines thresholds for Additional Material Documents at $3,000,000 prior to the JV Operations Date and $15,000,000 thereafter, with no performance declines noted.

• ·Filing Items: 1.01 (Entry into Material Definitive Agreement), 2.03 (Creation of Direct Financial Obligation), 3.02, 8.01, 9.01 (Exhibits)
• ·Agreement provides for issuance of Warrants (Section 2.14)
• ·Loans may be issued with Original Issue Discount for U.S. federal income tax purposes

08-04-2026

CommScope Holding Company, Inc. entered into a $300,000,000 Senior Secured Revolving Credit Agreement dated April 7, 2026, with Vistance Networks Holdings, LLC as Parent Borrower, Vistance Networks, Inc. as Holdings, and Citibank, N.A. as Administrative Agent and Collateral Agent, among other lenders including Bank of America, N.A., U.S. Bank National Association, and Regions Bank. The facility provides revolving commitments up to $300M, with applicable margins of 0.50% for ABR Loans and 1.50% for Term SOFR Loans initially, tiering to 0.25%/1.25% if Excess Availability meets thresholds. No performance declines or flat metrics are noted in the agreement.

• ·Agreement filed as EX-10.1 in 8-K on April 8, 2026, covering Items 1.01 (Entry into Material Definitive Agreement), 2.03 (Creation of Direct Financial Obligation), and 9.01 (Financial Statements and Exhibits).

08-04-2026

Bitcoin Depot Inc. disclosed a material cybersecurity incident discovered on March 23, 2026, in which an unauthorized party accessed systems and transferred approximately 50.903 Bitcoin valued at $3.665 million from company-controlled wallets. The breach was contained to corporate environments, with no evidence of customer data access or impact on customer platforms, and no material effect on operations as of the filing date. However, the company recorded a preliminary loss of $3.665 million and noted potential risks including reputation harm, legal, regulatory, and response costs, with insurance coverage that may offset losses but is not assured.

• ·Incident reported under Item 1.05 as material due to potential consequences despite no current material operational impact.
• ·Company engaged external cybersecurity experts and notified law enforcement; remediation efforts ongoing.
• ·Investigation continues; company may amend the 8-K if additional information becomes available.
• ·Warrants exercisable at $80.50 per share of Class A Common Stock.

08-04-2026

XMax Inc. (NASDAQ: XWIN) announced a key milestone in its AI strategy with XMax AI Inc., its wholly owned subsidiary, entering an agreement with Cloud Alliance Inc. to develop and deploy a cloud-based AI inference platform on AWS, featuring capabilities like large-model API access, intelligent routing, user authentication, payment processing, and usage-based billing. The deployment is expected within approximately 30 days, positioning XMax to transition from a product-focused to a scalable software-centric AI platform business. CEO Xiaohua Lu highlighted this as foundational for growth in AI infrastructure.

• ·Filing Date: April 08, 2026
• ·Deployment timeline: approximately 30 days from announcement
• ·Headquartered in Commerce, California

08-04-2026

Catalyst Bancorp, Inc. (Nasdaq: CLST) announced a definitive agreement to acquire Lakeside Bancshares, Inc. (OTC: LKSB) in an all-cash transaction for $41.1 million, or $19.58 per share, which will merge Lakeside Bank into Catalyst Bank. The acquisition more than doubles Catalyst's size based on December 31, 2025 data, resulting in combined assets of $627.3 million, loans of $399.9 million, and deposits of $470.0 million, and is expected to be over 180% accretive to EPS once cost savings are realized, with accretiveness to tangible book value per share within 3 years. The deal, unanimously approved by both boards, is anticipated to close in Q3 2026 subject to regulatory and shareholder approvals, with no additional capital needed and strong post-merger capital ratios of 10.4% leverage and 15.4% total risk-based.

• ·Transaction unanimously approved by boards of both companies.
• ·Post-merger capital position: leverage ratio approximately 10.4%, total risk-based capital ratio 15.4%.
• ·No additional capital required by Catalyst to complete the transaction.
• ·Lakeside Bank began operations July 10, 2010; holding company formed February 2018.

08-04-2026

On April 8, 2026, AEHR Test Systems entered into an Equity Distribution Agreement with William Blair & Company, L.L.C. and Craig-Hallum Capital Group LLC to offer and sell up to $60,000,000 of its common stock via an at-the-market (ATM) offering pursuant to an effective Form S-3 registration statement. The agents will use commercially reasonable efforts to sell shares based on company instructions, with commissions up to 3.0% of gross proceeds. The agreement includes customary terms, representations, indemnification, and termination provisions, but does not obligate the company to any sales.

• ·Prospectus supplement filed with SEC on April 8, 2026
• ·Form S-3 registration statement (File No. 333-282661) declared effective October 25, 2024
• ·Equity Distribution Agreement filed as Exhibit 1.1

08-04-2026

Dover Corporation entered into a US$1,500,000,000 five-year revolving credit agreement dated April 2, 2026, with JPMorgan Chase Bank, N.A. as administrative agent, and other lenders including Bank of America, N.A., HSBC Bank USA, National Association, and ING Bank N.V., Dublin Branch. The facility allows borrowings and letters of credit for working capital and general corporate purposes, up to the aggregate amount outstanding at any time. The agreement terminates the existing five-year credit agreement.

• ·Five-year term with maturity date referenced but not numerically specified
• ·Applicable rates tiered by credit ratings (e.g., Term Benchmark/RFR Spread 0.680% to 1.100%, Facility Fee 0.070% to 0.150%)
• ·Terminates existing Five-Year Credit Agreement per Section 9.20

08-04-2026

Solaris Energy Infrastructure, Inc. and its subsidiaries entered into Amendment No. 1 to the Senior Secured Term Loan Agreement originally dated March 16, 2026, to obtain additional term loan commitments of $200,000,000 from lenders including Goldman Sachs Bank USA and Banco Santander, S.A., New York Branch. The amendment replaces certain schedules and amends the original agreement in its entirety as set forth in Exhibit A, effective upon satisfaction of closing conditions such as solvency certifications, no default confirmations, and legal opinions. This provides enhanced liquidity without any disclosed negative impacts or declines in performance metrics.

• ·Amendment No. 1 dated April 8, 2026, amends the Senior Secured Term Loan Agreement in its entirety per Exhibit A
• ·Closing conditions include certificates confirming solvency, no Default or Event of Default, true representations and warranties, officer certificates on organizational documents and resolutions, legal opinion from Gibson, Dunn & Crutcher LLP, and payment of fees
• ·Guarantors include SOLARIS OILFIELD SITE SERVICES OPERATING, LLC, SOLARIS OILFIELD EARLY PROPERTY, LLC, and others

08-04-2026

Equitable Holdings, Inc. entered into a Voting and Support Agreement on April 8, 2026, with Nippon Life Insurance Company and Corebridge Financial, Inc., requiring Nippon Life to vote its Covered Stock (Corebridge common shares it owns and can vote) in favor of the previously announced Merger Agreement dated March 26, 2026, and refrain from transferring such shares prior to stockholder approval. Nippon Life also commits to reasonable best efforts for regulatory approvals and, upon merger closing, entering new Stockholder’s and Registration Rights Agreements that will terminate existing agreements from December 9, 2024. The agreement supports the merger involving new holding companies Mountain Holding, Inc., Palisade Holding, Inc., and Marcy Holding, Inc., though subject to risks outlined in forward-looking statements.

• ·Covered Stock defined as Corebridge common shares owned by Nippon Life on record date that it has right to vote on Covered Proposals.
• ·Voting and Support Agreement terminates upon merger closing, Merger Agreement termination, or other specified events.
• ·Securities registered: Common Stock (EQH, NYSE), Depositary Shares Series A (EQH PR A, NYSE), Depositary Shares Series C (EQH PR C, NYSE).

08-04-2026

Corebridge Financial, Inc. entered into a Voting and Support Agreement on April 8, 2026, with Nippon Life Insurance Company and Equitable Holdings, Inc., in connection with the March 26, 2026 Merger Agreement involving Corebridge, Equitable, and related holding companies. The agreement requires Nippon Life to vote its Covered Stock in favor of the merger, refrain from transferring such stock prior to stockholder approval (subject to exceptions), and use reasonable best efforts to obtain regulatory approvals. Upon merger closing, new Stockholder’s and Registration Rights Agreements will replace existing ones dated December 9, 2024.

• ·Covered Stock defined as shares of Corebridge common stock ($0.01 par value) owned or beneficially held by Nippon Life with voting rights on record date.
• ·Voting and Support Agreement terminates upon merger closing, Merger Agreement termination, or certain specified events.
• ·Securities: Common Stock (CRBG) and 6.375% Junior Subordinated Notes (CRBD), both on New York Stock Exchange.

08-04-2026

AquaBounty Technologies, Inc. designated a new series of 400,000 shares of Series A Convertible Preferred Stock with a liquidation value of $18.2580 per share, entitling holders to cumulative 18.0% annual dividends paid bi-annually and senior ranking over common stock in dividends and liquidation. Holders have voting rights equal to the number of convertible common shares and protective provisions requiring two-thirds supermajority approval for actions like creating superior stock classes or amending governing documents. The preferred stock is non-participating beyond its preferences and includes rights in deemed liquidations such as change of control.

• ·Dividends accrue quarterly at 18.0% per annum on Liquidation Value and are payable bi-annually on last day of October and April, prior and in preference to Junior Securities.
• ·Series A Preferred Stock ranks senior to Junior Securities (Common Stock and other equity) for dividends and liquidation distributions.
• ·Supermajority Interest (two-thirds of outstanding Series A shares) required for actions including creating superior stock, amending Certificate of Designation, or redeeming Junior Securities.
• ·Notice of Liquidation or Deemed Liquidation (e.g., Change of Control) required within 10-20 days.
• ·No dividends payable in Common Stock unless compliant with Nasdaq Rule 5635(d).

08-04-2026

Forum Markets, Incorporated (formerly ETHZilla Corp.) entered into a Second Amended and Restated Sales Agreement on April 8, 2026, with Clear Street LLC and TCBI Securities, Inc. d/b/a Texas Capital Securities, governing its at-the-market offering program for common stock. The amendment ceases all future sales under the WKSI Registration Statement (File No. 333-289811) and WKSI Prospectus Supplement, transitioning back to the original June Registration Statement (File No. 333-288194) and Initial Prospectus Supplement. No other material changes were made to the terms of the prior Second Amended Sales Agreement dated November 14, 2025.

• ·Prior agreements: Initial Sales Agreement (August 13, 2025), Amended Sales Agreement (August 22, 2025), Second Amended Sales Agreement (November 14, 2025)
• ·June Registration Statement: Form S-3 (File No. 333-288194)
• ·WKSI Registration Statement: Form S-3ASR (File No. 333-289811)

08-04-2026

SPAR Group, Inc. (SGRP) received a Nasdaq notification on April 2, 2026, for failing to maintain the minimum stockholders’ equity of $2,500,000, reporting only $622,000 as of December 31, 2025, per its Form 10-K filed March 31, 2026. The company also does not meet alternative criteria of $35 million market value of listed securities or $500,000 minimum net income. Nasdaq provides 45 days to submit a compliance plan, with potential extension up to 180 days if accepted.

• ·Notification letter dated April 2, 2026; compliance plan due within 45 calendar days.
• ·Potential extension of up to 180 calendar days from April 2, 2026, if plan accepted.
• ·Common Stock trades under symbol SGRP on Nasdaq Capital Market.

08-04-2026

On April 1, 2026, the Board of Directors of Zapata Quantum, Inc. designated 15,000 shares of Series D Convertible Preferred Stock, each with a par value of $0.0001 and stated value of $1,000, ranking senior to common stock and other preferred shares with respect to dividends and liquidation. These preferred shares are convertible at any time into common stock at a conversion price equal to 85% of the lower of the average VWAP or closing price over the 10 trading days prior to the initial issuance date, subject to a 4.99% beneficial ownership limit. The certificate includes detailed conversion mechanics, failure-to-deliver penalties including liquidated damages, and buy-in provisions for holders.

• ·Preferred shares rank senior to all junior stock (common and other preferred) for dividends, distributions, and liquidation payments.
• ·No fractional common shares on conversion; rounded up to nearest whole share.
• ·Company must deliver common shares within 1 trading day of conversion notice or face penalties including $10-$20 per day liquidated damages per $1,000 of shares and buy-in reimbursements.
• ·Filed as EX-3.1 in 8-K on April 8, 2026, covering Items 1.01, 3.02, 5.03, 9.01.

08-04-2026

Odyssey Marine Exploration, Inc. (OMEX) has entered into a definitive merger agreement with American Ocean Minerals Corporation (AOMC) to create a $1B pro forma equity valued deep-sea critical minerals platform, including over $230M in total equity raised ($150M+ private placement and $75M pre-public financing), with $175M cash expected at closing. The deal involves Odyssey effecting a 25-for-1 reverse stock split and divesting its Mexican phosphate asset (PHOSAGMEX) to remove $60M liabilities, while securing voting agreements from shareholders holding 30% of Odyssey shares. The combined company will trade as AOMC on Nasdaq post-approval, expected in late Q2/early Q3 2026.

• ·Reverse stock split of 25-for-1 prior to merger
• ·AOMC to hold 80-100% of OML and 48% (with options to 95%) of CIC post-transaction
• ·417 million tonnes indicated resources at 26.7 kg/m² (Moana-1), 1.95 billion tonnes inferred at 19.9 kg/m² (CIC)
• ·Investor conference call on April 13, 2026 at 10:00 A.M. ET
• ·Advisors include Citigroup, Cantor Fitzgerald, Moelis & Company

08-04-2026

The Mosaic Company announced on April 8, 2026, that it will idle and demobilize its Araxá Mining and Chemical Complex and related mining activities at the Patrocínio Complex in Brazil. The company anticipates a pre-tax book impact of $350 to $400 million in Q1 2026, including $275 to $300 million for impairments on assets held for sale and other asset write-offs. The balance of the impact relates to severance, contract termination costs, and other idling costs, subject to final accounting.

• ·Filed under Item 2.06 Material Impairments on Form 8-K
• ·Press release furnished as Exhibit 99.1, dated April 8, 2026
• ·Operations located in Brazil

08-04-2026

Green Stream Holdings Inc., formerly a Wyoming corporation, confirmed its redomicile to California effective March 19, 2026, through a unanimous board resolution adopted by its sole director. The resolution ratifies the continuity of all issued and outstanding shares and recognizes shareholders of record prior to the redomicile with unchanged rights, preferences, privileges, and ownership percentages. Officers are authorized to update corporate records, notify transfer agents, and ensure compliance with applicable requirements.

• ·SEC 8-K filing dated April 08, 2026, covering Items 3.03, 5.03, 8.01, 9.01
• ·Resolution certified by Nan Yang on March 19, 2026

08-04-2026

KBS REIT III sold Gateway Tech Center for $50.0 million ($48.1 million net proceeds), using $47.5 million to pay down the Modified Portfolio Revolving Loan Facility, reducing the outstanding balance to $157.6 million as of March 31, 2026. On April 2, 2026, the company entered the Fifth Modification Agreement, extending the facility's maturity to December 15, 2026 (with a possible extension to March 31, 2027), drawing $1.8 million for tenant improvements and $1.0 million for tax escrow, resulting in a $160.4 million balance with no remaining holdbacks, and deferring certain REIT-level and advisor fees. However, the filing discloses substantial doubt about the company's ability to continue as a going concern due to upcoming loan maturities, covenant compliance risks not fully in its control, cross-default provisions, cash sweeps, and challenging market conditions.

• ·Loan secured by 515 Congress and 201 17th Street post-Gateway release.
• ·Eliminated principal amortization payments during loan term.
• ·Deferred Expenses payable only from net sale proceeds exceeding minimum release prices upon sale of Properties, if no defaults.
• ·Monthly excess cash flow from Properties swept to cash management account for TI, leasing commissions, and capex only.
• ·Amended debt service coverage ratio and one-time loan-to-value requirement; guarantor covenants adjusted (net worth/leverage eliminated, less restrictive earnings to fixed charges).
• ·Current lenders: U.S. Bank National Association, Regions Bank, Citizens Bank, City National Bank, Associated Bank, National Association.

08-04-2026

On April 7, 2026, Dominion Energy, Inc. entered into a fourth amendment to its Sustainability Revolving Credit Agreement (originally dated June 9, 2021), extending the maturity date to April 7, 2029, with options for up to two additional one-year extensions subject to conditions. Effective April 8, 2026, Dominion Energy, along with Virginia Electric and Power Company and Dominion Energy South Carolina, Inc., received lender consent to extend the maturity of the Sixth Amended and Restated Revolving Credit Agreement (dated April 8, 2025) to April 8, 2031. These extensions provide extended liquidity access without any disclosed declines or limitations.

• ·Sustainability Credit Agreement administrative agent: Sumitomo Mitsui Banking Corporation.
• ·Core Revolving Credit Agreement administrative agent: JP Morgan Chase Bank, N.A.
• ·Amendment filed as Exhibit 10.1.