🍄 The Toadstool Week In Review
Huckleberry.ai, Inc., formerly known as Domo, Inc., completed the sale of substantially all business assets and employees to Progress Software Corporation for approximately $221 million in cash on September 22, 2026. In related major corporate events this week, Algorhythm Holdings completed a $23 million asset acquisition from Azure Energy LLC focused on waste-to-power and biomass-to-power infrastructure, while Sangamo Therapeutics emerged from Chapter 11 bankruptcy proceedings by selling substantially all assets to PTC Therapeutics for $111 million in cash plus up to $100 million in milestone payments. ELME Communities generated $250 million from the sale of Riverside Apartments on September 14, 2026, and used proceeds to fully repay its $520 million Goldman Sachs term loan.
Separately, CDT Equity Inc. implemented a 1-for-25 reverse stock split effective September 28, 2026. BOXABL Inc. expanded its Board of Directors and appointed Timothy Goldsmith as a director and Chairman of the Audit Committee on September 24, 2026. C4 Therapeutics announced positive biomarker data from its Phase 1 trial of cemsidomide combined with dexamethasone in 62 relapsed or refractory multiple myeloma patients. Box Inc. disclosed the resignation of Vice President and Chief Accounting Officer Eli Berkovitch effective October 23, 2026, after 11.5 years with the company. BitGo Holdings announced that Chief Operating Officer Jody Mettler will resign effective October 16, 2026.
This commentary is for informational purposes only and is not investment advice.