ACCURAY INC — Form SCHEDULE 13D/A
Filed September 2, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D/A
▼ Likely negative
significance 72/100
What the filing says
On July 29, 2026, Accuray issued two separate warrant certificates: (1) TCW Rescue Financing Fund II LP received 7,987,743 warrants, and (2) TCW WV Financing LLC received 598,114 warrants. Both exercise at $0.01/share, expire July 29, 2033, and were issued as consideration for Amendment No. 3 to the Financing Agreement, which amended financial covenants and liquidity provisions. Total warrant shares: 8,585,857, representing ~9.9% of current market cap at face value.
Why this rating
Massive warrant dilution (8.6M shares at $0.01 strike) relative to $86.9M market cap signals distress. Lender obtained control levers via very low exercise price and 7-year term. Amendment to financing covenants suggests covenant relief needed.
Tradability signal
NO TRADE
No trade: price $0.26 is below our $0.5 floor — spreads at this level eat any edge.
Derived from this site's own measured outcomes + live price/liquidity at analysis time. An experiment, not investment advice.
Price action (we called it negative)
before filing · preread $0.25 ▼ 2.00% | at our read · unknown $0.26 | +10 min · unknown $0.26 ▲ 0.00% | +30 min · unknown $0.26 ▲ 0.00% | +1 hr · unknown $0.26 ▲ 0.00% | +4 hrs pending |
The stock had already moved +2.04% between hitting EDGAR and our read finishing — deltas above are measured from our read.
Quotes via Yahoo Finance at capture time; sessions other than regular hours are labeled. Not investment advice. How accurate are our calls? →
See more from September 2, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.