Eureka Acquisition Issues $8,253 Convertible Extension Note to Marine Thinking to Extend Deadline

Strive (ASST) bought 3,311 Bitcoin for $280 million, its largest purchase since January, bringing total holdings to 32,773 BTC. CEO Matt Cole noted the purchase included $208 million in exercised warrants. Meanwhile, Strategy (MSTR) reduced its Bitcoin buying by 85% due to lower share sale proceeds and increased preferred-stock buybacks.

Wheeler REIT (WHLR) plans to issue up to $25M in 0% promissory notes, amortized via common stock or cash under certain conditions. The company also secured registration rights for the amortization stock. The moves aim to boost liquidity, with closings contingent on stockholder approval for larger issuances.

Getty Images, with 477 million assets and 600,000 photographers, plans to file for Chapter 11 bankruptcy and go private by 2026. The company reported $229.1M revenue in Q2 2026 and aims to eliminate $2.1B in debt. Koch Equity Development and the Getty family will invest $533M. A merger with Shutterstock failed due to antitrust concerns, and AI disruption has impacted demand. Subscribers declined from 321,000 to 241,000 in 2025. Getty will delist from the NYSE after shares fell below $1.

Getty Images (NYSE:GETY) plans to file for Chapter 11 bankruptcy protection under a $533 million rescue deal to reduce debt and go private. Investors, including the Getty family and Koch Equity Development, will provide new equity, while creditors will eliminate $270 million in unsecured debt. The restructuring, expected to complete by 2026, will transfer 100% ownership to the investors, potentially leaving existing shareholders with no value.

Cipher Digital (CIFR) shares fell 12% after announcing an $850 million zero-coupon convertible note offering due 2032, with an option for $150 million more. The company plans to exchange part of its 1.75% 2030 notes for stock, adding to a 75% increase in diluted shares since 2021. Proceeds will partly fund capped calls to reduce dilution and support a $750 million equity investment in an AI lab project.

Kenvue (KVUE) amended its indenture on October 9, 2026, eliminating restrictive covenants and certain default events for its senior notes. The changes, effective upon settlement of Kimberly-Clark's exchange offers, aim to facilitate the acquisition. GuruFocus estimates KVUE's fair value at $20.01, with a GF Score of 75/100.