Fortress Biotech, Inc. (FBIO): Submission of Matters to a Vote of Security Holders

Australia’s Federal and NSW governments agreed on a $2.5 billion package to keep Rio Tinto’s Tomago aluminium smelter operating. Rio Tinto said it would shut the Hunter Valley smelter at end-2028 without an affordable electricity deal. The deal includes up to $1.225 billion from NSW, supports new power generation (including Snowy Hydro), and runs to 2039 with profit sharing tied to sustained high aluminium prices.

Beyond Meat (BYND) announced a 1-for-30 reverse stock split to regain Nasdaq compliance with the $1 minimum bid requirement. Nasdaq delisting risk arises if shares trade below $1 for 30 days. BYND shares were about 41 cents and fell nearly 20% after the news. The split is expected to be effective Aug. 13, with adjusted trading Aug. 14.

Fermi, an AI nuclear power company, named Lee McIntire as CEO more than three months after firing co-founder Toby Neugebauer. Fermi said McIntire previously led CH2M Hill and TerraPower. The firm is developing Project Matador in Amarillo, Texas, and said it signed TensorWave as its first binding customer lease. Fermi stock rose nearly 23% since Monday.

Nvidia said it plans to raise about $500 billion to finance AI infrastructure buildouts with six North American investment firms: Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR. The firms may use GPU securitizations to spread exposure across investors. Nvidia may provide residual-value support of up to 25%, according to the company.

First Advantage (NASDAQ:FA) shares fell about 8% after Silver Lake-affiliated funds announced a secondary offering of 12.5 million FA shares. Bloomberg reported a marketing range of $22.20 to $23.59 versus Monday’s $23.59 close. The company will not sell shares or receive proceeds. J.P. Morgan is underwriter; a 30-day lock-up applies to the seller, with some shares to limited partners.

Alexandria Real Estate Equities (NYSE: ARE) priced a $1.0 billion public offering of 7.250% Series A fixed-to-fixed reset rate junior subordinated notes due 2057 at 100% of principal. Interest is 7.250% until Feb. 15, 2032, then resets to the 5-year U.S. Treasury plus 2.889%, with a 7.250% floor. Closing expected around Aug. 21, 2026; proceeds for general corporate purposes.