Rainier Acquisition Corp (RNAQU): Unregistered Sales of Equity Securities

Starbucks plans to close 250 North American stores, about 1% of its total locations, due to poor customer experience or financial non-viability. The closures are part of a $1 billion restructuring plan by CEO Brian Niccol and will cost approximately $300 million. Despite the closures, the company reported 7.9% same-store sales growth and plans to open new cafés.

TotalEnergies (TTE) announced a Final Investment Decision for the Absheron gas field, aiming to boost production by 2029. The project, with partners SOCAR and XRG, targets 6 billion cubic meters of gas and 47,000 barrels of condensate daily. TTE offers a 4.41% dividend yield with a 50% payout ratio and a 3-year growth rate of 6.6%, while trading 30.1% above its GF Value™.

Riot Platforms (RIOT) repaid a $200 million Coinbase loan, releasing 5,821 bitcoin worth ~$494 million. The Nasdaq-listed Bitcoin miner now controls these coins unrestricted. Riot has been selling more Bitcoin than it mines, funding AI data center expansion. Bitcoin's price has risen since June, when the pledged coins were worth $340.7 million.

Barrick Mining reached an agreement with unions at its Loulo-Gounkoto gold mine in Mali, averting a strike. The deal involves workers at Food & Events Africa, Somilo SA, and Gounkoto SA, resolving disputes over pay and labor agreements. Mali is a leading gold producer, and the military government has increased control over the mining sector.

ONEOK (OKE) completed a $2b debt buyback, focusing on long-dated bonds. This move may reshape its interest cost profile and financial flexibility. Analysts note the company's core midstream thesis remains intact, but leverage and interest coverage are key risks. ONEOK's earnings are expected to grow to $4.4b by 2029, with revenue projected at $40.4b. Some analysts see a 14% potential upside, while others highlight long-term energy transition risks.

Starbucks plans to close 250 underperforming stores in North America, reducing its fiscal 2026 net-new global coffeehouse target to 440. The company expects $300 million in restructuring charges, with $200 million in cash costs. This follows a July warning about underperforming stores. Starbucks reported improved margins in Q3, partly due to tariff refunds.