InPoint Commercial Real Estate Income, Inc. (ICR-PA): Submission of Matters to a Vote of Security Holders

DoorDash agreed to a $131.5 million settlement with NYC, covering 260,000 workers for underpayment, late payment, or non-payment. The city will distribute over $115 million to workers, with $16 million in penalties. DoorDash admits errors but disputes the on-call time calculations. The company will pay an average of $48 per eligible worker, with a minimum of $10. The settlement includes a three-year compliance monitor.

Circle (CRCL) signed a 5-year deal with Binance, which invested $100M in Circle shares. CME Group plans to launch BCH and UNI futures. PBOC reiterated its ban on virtual currency activities in China. World Liberty Financial, a Trump family crypto project, failed to meet commitments. Uniswap team member disputed claims of Robinhood Chain's decline. Binance adjusted USDe price index to prevent risk contagion.

Churchill Downs Inc. (CHDN) priced a $500M term loan due in 2033, with interest at SOFR + 175 basis points. Proceeds will repay existing debt, cover costs, and support operations. The company also plans to redeem 5.50% notes due in 2027 using revolver borrowing. The refinancing extends maturity but increases floating-rate exposure.

SK On and Posco Future M signed a 1.1 trillion won ($815 million) deal for LFP cathode materials over three years. SK On will use these for ESS batteries in the US, sourced from Argentina. Posco Future M is converting production lines for LFP materials. Both companies plan to discuss extending the agreement beyond 2029. SK On is expanding its ESS business in North America, partnering with NeoVolta Power and Flatiron Energy Development.

Hallador Energy (HNRG) closed a $600M loan, with $550M funded immediately, to support its $800M Turtle Creek power plant. $120M will refinance existing debt. The company aims to limit equity dilution and plans commercial operation by late 2028. Existing operations generate $1.8B in contracted revenue, reducing funding uncertainty.

Telesat Corp. faces a debt deadline of US$1.71B on Dec. 6, with another US$438M due in 2027. Creditors propose a recapitalization plan, but no deal is finalized. Telesat's CFO says the company is exploring options. Analysts warn of a potential default. Telesat shares are up 70% this year, despite debt trading at distressed levels.