Accuray announces special shareholder meeting

Accuray will hold a virtual special stockholder meeting on Oct. 6, 2026.

Stockholders will vote on a financing tied to selling 55,000 shares of Series A Convertible Preferred Stock for $55 million. Approval is also sought for issuing common shares on conversion of the preferred stock, alongside warrants for about 15,300,000 shares at $0.01.

Stockholders will also vote to raise authorized common shares to 400,000,000 from 200,000,000.

The proposal includes a reverse stock split between 1-for-15 and 1-for-40, with authority to adjourn if more votes are needed.