Traders should anticipate reduced liquidity and limited financial disclosures going forward. Consider exiting positions if holding relies on public information; monitor OTC markets if shares continue trading. A single holder suggests a potential private takeover—watch for related-party transactions or delisting from Nasdaq.
Price Chart
Executive Summary
Exact Sciences Corporation is deregistering its securities and terminating its SEC reporting obligations, citing fewer than 300 holders of record for its common stock and convertible notes. This 'going dark' move follows a significant reduction in shareholder base, likely due to a consolidation or buyout, and will reduce transparency and liquidity for remaining investors.
Key Facts
- Exact Sciences Corporation (EXAS) filed Form 15-12G to terminate registration under Section 12(g) of the Exchange Act.
- As of April 2, 2026, the company reported only 1 holder of record for its common stock.
- Convertible senior notes due 2027 and 2028 each have fewer than 300 holders of record.
- The filing invokes Rule 12g-4(a)(1) and Rule 12h-3(b)(1)(i), allowing termination of reporting when shareholder thresholds are no longer met.
- The company will no longer be required to file periodic reports (10-K, 10-Q) or current reports (8-K).
Financial Impact
Loss of public reporting and reduced market transparency; no direct financial cost but significant reduction in investor access to information.
Risk Factors
- Loss of transparency and difficulty in valuation due to lack of public filings.
- Reduced liquidity as shares may move to OTC or cease trading altogether.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 15-12G Filing (Primary) | 0001193125-26-138856 |
| Document: 0001193125-26-138856-index-headers.html | 0001193125-26-138856 |
| Document: 0001193125-26-138856-index.html | 0001193125-26-138856 |
| Document: 0001193125-26-138856.txt | 0001193125-26-138856 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 29, 2026 9w ago | Court Ruling | — | awaiting T+5 | — | — |
Jun 12, 2026 16w ago | Institutional Cluster | — | awaiting T+5 | — | — |
Apr 2, 2026 26w ago | 15-12G | — | awaiting T+5 | — | — |
Feb 28, 2026 30w ago | Institutional Cluster | $103.35 $103.73 | ▲ +0.37% | ▲ +1.58% | — |
US Market Status
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