Following a 59% decline over last year, recent gains may please Accuray Incorporated (NASDAQ:ARAY) institutional owners

Accuray Inc. (NASDAQ: ARAY) said it reached definitive agreements with its primary lender and largest shareholder, TCW Asset Management, to delever $40 million via convertible preferred stock, add $15 million equity investment, and potentially access a delayed draw term loan up to $5 million. The plan includes covenant waivers through Dec. 31, 2027, board changes, and a reverse stock split. Accuray also outlined non-binding LOIs with Samsung HME America and RaySearch, plus expanded work with Tat

A Chicago jury awarded $29 million in damages to the family of Naoise Connolly Ryan, widow of UN engineer Michael Ryan, who died in the 2019 Boeing 737 MAX crash, according to a US court spokesman. The civil case is among the last remaining MAX-related suits. Boeing has apologized and said anti-stall software was implicated.

American Airlines began a senior leadership reorganization, according to an Aug. 10 letter from CEO Robert Isom. Several executives are resigning or retiring, while roles expand for communications and customer service. The changes aim to improve operations and returns and close a profit gap versus Delta and United. In Q2 2026, American reported $71M net income versus $805M at United and $1.6B at Delta.

Australia’s federal and NSW governments will announce a $2.5 billion, 10-year bailout for Tomago Aluminium, aimed at securing power supply and decarbonisation. Industry Minister Tim Ayres said the deal includes profit sharing with the Commonwealth when aluminium prices are high and $100 million for decarbonisation and demand-response. Separately, Labor will introduce a revised News Bargaining Incentive bill requiring big tech to make at least eight content deals.

Lockheed Martin (NYSE:LMT) said the U.S. Missile Defense Agency awarded a $211.4 million contract modification to manufacture THAAD missile defense launchers for the United Arab Emirates. The change raises the 2019 contract total to $1.05 billion, with production from Aug 2026 to Jan 2031 under Foreign Military Sales funding.

Stock futures edged higher after Monday’s decline as investors awaited AI-related earnings. Oil prices wavered after hopes for an Iran deal faded. Intel (INTC) raised its stock offering to $20B, pricing about 210.53M shares at $95. Riot Platforms (RIOT) jumped after results and a $9.1B, 20-year Anthropic compute deal. Several AI-linked earnings were scheduled.