The scheduled debt repayment removes leverage and future interest costs, but the $18.3M cash outflow is significant relative to the $44M market cap. Watch the next 10-Q for cash position and any refinancing needs. No immediate catalyst for the stock.
Price Chart
Executive Summary
Accuray repaid the remaining $18.0 million of its 3.75% Convertible Senior Notes due 2026 at maturity on June 1, 2026, along with $337,500 in accrued interest, fully satisfying and discharging the indenture. The repayment reduces debt and interest expense but uses cash, which may impact liquidity given the company's $44 million market cap.
Key Facts
- Repaid $18,000,000 aggregate principal of 3.75% Convertible Senior Notes due 2026 on June 1, 2026.
- Paid $337,500 in accrued and unpaid interest.
- Notes were originally issued on May 13, 2021 and matured on June 1, 2026.
- Indenture was satisfied and discharged; company released from remaining obligations.
Financial Impact
Repayment of $18.0 million in debt plus $337,500 in interest; debt removed from balance sheet, cash reduced by ~$18.3 million.
Risk Factors
- Cash used for repayment may strain liquidity if cash reserves were limited.
- No operating update provided; core business performance remains the key driver.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-019558 |
| Document: 0001437749-26-019558-index-headers.html | 0001437749-26-019558 |
| Document: 0001437749-26-019558-index.html | 0001437749-26-019558 |
| Document: 0001437749-26-019558.txt | 0001437749-26-019558 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Press Release | $0.1340 | awaiting T+5 | — | $0.1376 (+2.69%) |
Oct 16, 2026 10d ago | DEF 14A | $0.1400 $0.1250 | ▲ +10.71% | ▲ +10.57% | $0.1376 (+1.71%) |
Oct 13, 2026 13d ago | 8-K | $0.1751 $0.1370 | ▼ −21.76% | ▼ −22.21% | $0.1376 (−21.42%) |
Oct 7, 2026 19d ago | 3 | $0.2414 $0.1738 | ▼ −28.00% | ▼ −27.73% | $0.1376 (−43.00%) |
Oct 6, 2026 20d ago | 8-K | $0.2534 $0.1751 | ▲ +30.90% | ▲ +29.92% | $0.1376 (+45.70%) |
Sep 27, 2026 4w ago | Press Release | $0.2998 $0.3017 | ▲ +0.63% | ▼ −0.57% | $0.1376 (−54.10%) |
Sep 22, 2026 5w ago | Institutional Cluster | $0.2300 $0.3000 | ▲ +30.43% | ▲ +31.62% | $0.1376 (−40.17%) |
Sep 14, 2026 6w ago | EFFECT | $0.2453 $0.2400 | ▲ +2.16% | ▲ +2.27% | $0.1376 (+43.91%) |
Sep 11, 2026 6w ago | Press Release | $0.2502 $0.2336 | ▼ −6.63% | ▼ −6.41% | $0.1376 (−45.00%) |
Aug 19, 2026 9w ago | Press Release | $0.2924 $0.2621 | ▲ +10.36% | ▲ +11.48% | $0.1376 (+52.94%) |
US Market Status
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