September 25, 2026 (5) Live feed
Historical analysis
DKNG Draftkings, Inc. Auditor Transition
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DraftKings Drops BDO for Deloitte Four Months After Shareholder Ratification

Market cap : at edition (Sep 25, 2026) $10.6B

DraftKings dismissed BDO USA, P.C. as its auditor on September 23, 2026 — just four months after shareholders voted to ratify BDO at the May 12 annual meeting — and appointed Deloitte & Touche LLP for fiscal year 2027. No disagreements with BDO were disclosed, and the audit committee attributed the move to the completion of an evaluation process. The switch from a non-Big 4 to a Big 4 firm is consistent with a company approaching $7 billion in annual revenue, though the compressed gap between ratification and dismissal raises a straightforward timing question: was this evaluation already underway when the May proxy was prepared?

CXW Corecivic, Inc. Management Succession

CoreCivic CEO Steps Down With Stage Four Pancreatic Cancer Diagnosis

Market cap : at edition (Sep 25, 2026) $3.4B

Patrick Swindle resigned as CoreCivic's President and CEO on September 24, 2026, disclosing a diagnosis of stage four metastatic pancreatic cancer. The board immediately appointed Lucibeth Mayberry, a 23-year company veteran who served as Chief Strategy Officer, as his successor. Under a two-year transition agreement, Swindle will receive a $2.29 million cash incentive payment for 2026 and an $8.06 million lump sum in exchange for forfeiting his unvested equity, while waiving rights under the company's executive severance plan. Mayberry takes the helm mid-execution of a $500 million accelerated share repurchase and ongoing management contract discussions with federal immigration authorities.

WHK Whitehawk Minerals, Corp. Related Party Preferred Raise

WhiteHawk CEO Buys Into Preferred Stock He Helped Design

Market cap : at edition (Sep 25, 2026) $627M

WhiteHawk Minerals CEO Daniel Herz is among the investors in a $50 million Series E Preferred Stock offering whose terms his own company set — stock that ranks senior to all other capital, pays an escalating 10-to-14% annual dividend, and guarantees holders a minimum 1.08x return on invested capital. The preferred closed on September 25, 2026, two days after — and on structurally more favorable economics than — a $75 million Class A common stock raise at $26.10 per share that carried none of those protections. The minimum return guarantee also crept up from 1.05x at announcement to 1.08x by closing, with no public explanation for the change.

FOXF FOX Factory Holding, Corp. Platform Contraction

Fox Factory Sells Marucci Sports for $225 Million, Applies Proceeds to Debt

Market cap : at edition (Sep 25, 2026) $778M

Fox Factory completed the sale of Marucci Sports LLC to a management-led buyer group on September 25, 2026 for a total enterprise value of $225 million — $200 million in cash at closing plus a $25 million promissory note due December 31, 2026. The $200 million was applied in full to reduce outstanding borrowings, cutting net leverage from 3.7 times to approximately 2.7 times on a pro forma basis and reducing annualized interest expense by roughly $16 million. The transaction concludes a strategic review announced alongside activist investor Engine Capital's February 2026 cooperation agreement, in which Fox also formed a Transformation Committee and refreshed its board.

IIPR Innovative Industrial Properties, Inc. Capital Strategy Shift

IIPR Doubles Authorized Shares as Capital Structure Grows Complex

Market cap : at edition (Sep 25, 2026) $1.5B

Innovative Industrial Properties' board amended the company's Maryland charter on September 25, 2026 to double authorized common shares to 100 million and raise authorized preferred shares to 75 million, acting under existing charter powers that explicitly permit the board to take such action without a shareholder vote. The move follows a busy summer of capital markets activity: a $402.5 million exchangeable note offering in June, active ATM programs for both common and preferred stock, and a $100 million buyback — all while Q2 revenues fell to $63.3 million from Q1's $69.0 million and the AFFO payout ratio crept above 100%. The authorization increase is routine under Maryland REIT law but serves as a natural checkpoint to assess how IIPR is managing an increasingly layered capital structure.