ARAY 8-K: Material agreement

Accuray

Filed with the SEC on Nov 13, 2026 · accession 0001437749-26-036943

ARAY filed a 8-K (current report) with the SEC on Nov 13, 2026. Accuray issued 55,000 shares of Series A Convertible Preferred Stock for $55 million, consisting of $15 million cash and conversion of $40 million existing debt, in a private placement to existing investors. The stock moved -9.1% by the first close after the filing.

Summary of the filing

Accuray issued 55,000 shares of Series A Convertible Preferred Stock for $55 million, consisting of $15 million cash and conversion of $40 million existing debt, in a private placement to existing investors. The preferred stock ranks senior to common stock, pays 8% cumulative dividends, and is convertible at $20.00 per share.

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Key details

Aggregate purchase price for Series A Preferred Stock$55.0M

Cash portion of purchase price$15.0M

Existing indebtedness converted$40.0M

Price per share of Series A Preferred Stock$1K

Initial conversion price per share of Common Stock$20

IssuerAccuray Incorporated

Purchasers of series a preferred stockInvestors

How ARAY stock reacted

Close before

$3.08

Nov 12, 2026

First close after

-9.09%

$2.80

5 trading days

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Since filing

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Frequently asked questions

What did ARAY file with the SEC on Nov 13, 2026?

ARAY filed a 8-K (Material agreement). Accuray issued 55,000 shares of Series A Convertible Preferred Stock for $55 million, consisting of $15 million cash and conversion of $40 million existing debt, in a private placement to existing investors. The preferred stock ranks senior to common stock, pays 8% cumulative dividends, and is convertible at $20.00 per share.

What does a material agreement mean for ARAY stock?

A contract important enough that investors need to know about it — a big customer contract, a loan, a merger agreement or a partnership.

How do I read a 8-K?

A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more. The "Item" number tells you the topic (e.g. 2.02 results, 5.02 executive change, 1.01 new agreement, 1.03 bankruptcy). Exhibits (99.1 press release) usually hold the details.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 8-K (current report): A report of a major event, filed within four business days: results, deals, leadership changes, bankruptcy and more.

How did ARAY stock react to this filing?

ARAY closed at $3.08 before the filing and $2.80 on Nov 13, 2026 (-9.09%).

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