ACCURAY INC — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 72/100
What the filing says
On November 4, 2026, Accuray's Board approved a 1-for-40 reverse stock split effective November 9, 2026, reducing outstanding shares from ~120.2 million to ~3.0 million and authorized shares from 400 million to 10 million. The split is designed to raise per-share trading price and restore compliance with Nasdaq's minimum bid price listing requirement. No change to shareholders' percentage ownership or par value; fractional shares paid in cash by Computershare.
Why this rating
Reverse split signals severe stock price distress (below Nasdaq minimum) and listing risk—critical for $86.9M market-cap company. While mechanically neutral to ownership, it flags fundamental business weakness and dilution concerns.
Price action (we called it negative)
before filing · preread $0.15 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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