Executive Summary
Across 12 filings from NASDAQ-100 related entities, dominant themes include regulatory relief (e.g., Faraday Future's SEC investigation closure), banking M&A (RMBI-Farmers merger valued at $82.4M), and frequent dilution via ATM/shelf offerings (Imunon +$7M to $17M, IBS +$3.97M, Comtech $125M shelf), signaling capital needs in small caps. Period-over-period trends show RMBI's standout net income +23.4% YoY to $11.6M and NIM expansion +30bps to 2.97%, but offset by non-performing assets surging to 1.14% from 0.45%; no broad portfolio growth trends emerge due to limited financial disclosures. Critical developments like Faraday's Nasdaq 180-day compliance window (from Mar 20, 2026) and Intel's proxy highlighting 2025 reinvention under CEO Lip-Bu Tan position for catalysts. Portfolio patterns reveal mixed sentiment (positive in 4/12, neutral 6/12, mixed 2/12) with AI/EV focus (Faraday robotics sales 2026 start) and SPAC mergers (TETE low $142k trust signaling redemptions). Implications favor tactical plays in cleared overhangs and mergers, but caution on dilutions and asset quality deterioration.
Tracking the trend? Catch up on the prior Nasdaq 100 Stocks SEC Filings digest from March 20, 2026.
Investment Signals(10)
- FARADAY FUTURE↓(BULLISH)▲
SEC investigation closed with no action against company/execs, Nasdaq 180-day compliance granted Mar 20 without reverse split, enabling financing/partnerships
- RMBI (10-K)(BULLISH)▲
Net income +23.4% YoY to $11.6M, NIM expanded +30bps to 2.97%, diluted EPS +27% to $1.17, CET1 ratio +40bps to 13.38%
- RMBI (S-4)(BULLISH)▲
Merger with Farmers Bancorp creates $2.6B assets entity, exchange ratio 3.40 RMBI shares/share valued $44.71 or $82.4M aggregate, Farmers owns 38% post-merger
- INTEL (DEF 14A)(BULLISH)▲
Proxy highlights 2025 reinvention progress (Intel 18A/14A milestones, operational discipline), new indep Chair Barratt, equity plan for 73% employees
- AITX(BULLISH)▲
RAD devices integrated into Immix platform, advancing AI tech deployment
- RMBI (10-K)(BULLISH)▲
Cash dividends +7% YoY to $0.60/share, signaling capital return amid earnings growth
- INTEL (DEF 14A)(BULLISH)▲
Board progress on strategy refinement under CEO Lip-Bu Tan, sustained transformation efforts
- IBS(BULLISH)▲
Exec grants align incentives (CEO/CFO 30.5k shares each perf/time-vesting tied to milestones), post-grant shares outstanding 2M
- RADIAN↓(NEUTRAL-BULLISH)▲
Inigo Syndicate 1301 2025 UK GAAP accounts posted, US GAAP/pro forma by Apr 17 post-Feb 2 acquisition
- FARADAY FUTURE↓(BULLISH)▲
FF 91 deliveries ongoing since 2023, Super One/EAI robotics sales starting 2026
Risk Flags(8)
- FARADAY FUTURE/Delisting↓[HIGH RISK]▼
Share price < $0.10 for 10 days triggers delisting, liquidity shortages, substantial dilution needs despite SEC clearance
- RMBI (10-K)/Asset Quality[HIGH RISK]▼
Non-performing assets +153% to 1.14% of assets (from 0.45%), NPLs to 1.46% (from 0.58%), provisions +300% to $2.2M
- TETE/Redemptions[HIGH RISK]▼
Trust only $142k as of Feb 23 vs $5M PIPE/$16M interest, public ownership 1.6-29.7% post-merger signals high redemptions
- IMUNON/Dilution↓[MEDIUM RISK]▼
ATM increased $7M to $17M total, $4.8M already sold, direct shareholder dilution
- CMTL/Shelf Dilution[MEDIUM RISK]▼
$125M shelf for stock/debt at $3.66/share, smaller reporter (<$250M mkt cap) enables flexible but dilutive raises
- IBS/Dilution[MEDIUM RISK]▼
2026 ATM supplement for $3.97M additional stock sales under Sep 2024 agreement
- TETE/Control[MEDIUM RISK]▼
Post-merger controlled company with 34.5% voting by Bradbury, sponsor forfeitures but low public float
- FARADAY FUTURE/Execution↓[MEDIUM RISK]▼
Ongoing risks in vehicle deliveries, robotics, despite regulatory overhang lift
Opportunities(8)
- FARADAY FUTURE/Nasdaq Compliance↓(OPPORTUNITY)◆
180-day window from Mar 20 to regain $1 bid without R/S, post-SEC clearance unlocks financing/partnerships
- RMBI/Merger Arbitrage(OPPORTUNITY)◆
Farmers shareholders get 3.40 RMBI shares ($44.71 value), tax-free reorg, shareholder votes 2026, 38% ownership
- INTEL/Proxy Vote↓(OPPORTUNITY)◆
AGM May 13 vote on directors/equity plan amid reinvention (18A tech), potential share gains if approved
- TETE/SPAC Merger(OPPORTUNITY)◆
EGM post-Feb 25 record for Super Apps combo to Nasdaq RADB, $5M PIPE despite low trust
- RMBI/Earnings Momentum(OPPORTUNITY)◆
+23.4% YoY income, NIM +30bps, div +7%, CET1 +40bps vs peers, merger accretion potential
- RADIAN/Acquisition Integration↓(OPPORTUNITY)◆
Inigo US GAAP filing by Apr 17 with pro forma, post-Feb 2 deal, Syndicate accounts available
- IBS/Milestone Incentives(OPPORTUNITY)◆
Exec perf shares vest on FDA submission/commercial milestones (post-1yr), alignment for biotech catalysts
- AITX/Tech Integration(OPPORTUNITY)◆
RAD-Immix platform rollout positions for AI security growth
Sector Themes(5)
- Banking Growth vs Quality Deterioration(THEME)◆
RMBI sole financial reporter shows income/NIM/eps/div growth (avg +20-30%) but NPA/NPL/provisions spike 150-300%, merger expands to $2.6B assets/25 branches; watch sector credit cycles
- SPAC Merger Risks with Low Trust(THEME)◆
TETE/APAD highlight low trust ($142k TETE) and PFIC complexities, high redemptions/low public float (1.6%), controlled post-merger; alpha in redemption plays
- Dilution via ATMs/Sheves Prevalent(THEME)◆
4/12 filings (Imunon +$7M to17M/$4.8Msold, IBS +$3.97M, CMTL $125M, smaller caps), signals capex/liquidity needs in AI/biotech/telecom
- AI/EV Robotics Catalysts(THEME)◆
Faraday/AITX positive on 2026 Super One/robotics sales, Immix integration; regulatory clears (SEC) boost conviction
- Proxy/Equity Incentives(THEME)◆
Intel/IBS align mgmt via new Chair/equity plans (73% employees Intel), perf-vesting (IBS FDA milestones); transformation themes
Watch List(7)
Monitor bid price trajectory, 180-day clock from Mar 20 (~Sep 2026), delisting if <$0.10/10days [WATCH Sep 2026]
- RMBI/Merger Votes👁
Shareholder approvals for Farmers merger in 2026, track RMBI stock volatility impacting $44.71 exchange value [WATCH 2026]
- TETE/EGM👁
Extraordinary meeting post-Feb 25 record for RADB Nasdaq listing, redemptions impact post-merger float [WATCH Post-Feb 25 2026]
May 13 2026 virtual meeting for directors/equity plan vote, China risk proposals, record Mar 16 [WATCH May 13 2026]
Audited Inigo US GAAP/pro forma by Apr 17 2026, integration metrics post-Feb 2 acquisition [WATCH Apr 17 2026]
Track additional sales beyond $4.8M under expanded $17M program for dilution impact [WATCH Ongoing]
- IBS/Milestones👁
Perf-vesting on clinical/FDA/commercial (post-1yr from Mar 18 grants), clawback policy [WATCH 2027+]
Filing Analyses(12)
23-03-2026
Faraday Future Intelligent Electric Inc. announced that the SEC has concluded its years-long investigation into 2021 PIPE and SPAC-related transactions with no enforcement action against the Company, founder and Co-CEO YT Jia, President Jerry Wang, or other team members, removing a major regulatory overhang. This provides clarity to pursue strategic financing, partnerships, Nasdaq compliance within 180 days without a reverse split, and focus on EAI vehicles and robotics. However, forward-looking statements highlight ongoing risks including liquidity shortages, potential delisting if share price falls below $0.10 for 10 days, substantial dilution needs, and execution challenges on vehicle deliveries and robotics.
- ·Nasdaq compliance notice received March 20, 2026, granting 180-day period to meet $1 minimum bid price without reverse stock split.
- ·SEC investigation originated from independent director probe in October 2021 related to SPAC merger.
- ·FF 91 deliveries began in 2023; Super One deliveries planned for 2026; Embodied AI Robotics sales beginning in 2026.
23-03-2026
Richmond Mutual Bancorporation, Inc. (RMBI) and The Farmers Bancorp, Frankfort, Indiana entered into a merger agreement on November 11, 2025, pursuant to which Farmers Bancorp will merge into RMBI, creating a combined bank holding company with approximately $2.6B in total assets and 25 branches across Indiana and Ohio. Farmers Bancorp shareholders will receive 3.40 shares of RMBI common stock per share (exchange ratio), valued at approximately $44.71 per share or $82.4M aggregate based on RMBI's closing price on the announcement date, with former Farmers shareholders owning ~38% of the combined company post-merger. The transaction is subject to shareholder approval at meetings in 2026 and includes standard risks such as potential changes in RMBI stock value.
- ·Merger agreement dated November 11, 2025; S-4 filing date March 23, 2026.
- ·RMBI trades on NASDAQ under 'RMBI'; Farmers Bancorp on OTC Pink under 'FABP'.
- ·Merger expected to qualify as tax-free reorganization under IRC Section 368(a), except for cash in lieu of fractional shares.
- ·Shareholder meetings: RMBI annual meeting and Farmers Bancorp special meeting scheduled for [·], 2026.
- ·I.R.S. Employer Identification No. for RMBI: 36-4926041.
23-03-2026
Artificial Intelligence Technology Solutions, Inc. (AITX) filed an 8-K on March 23, 2026, announcing the issuance of a press release regarding the integration of RAD devices into the Immix platform by AITX's RAD and Immix entities. No financial metrics, performance comparisons, or quantitative impacts were disclosed in the filing.
23-03-2026
Technology & Telecommunication Acquisition Corp (TETE) has filed a DEFM14A proxy statement dated March 23, 2026, for an extraordinary general meeting on or after the record date of February 25, 2026, to approve a Business Combination with Super Apps and Holdings, resulting in PubCo listing on Nasdaq as RADB, subject to approval. Post-merger ownership remains stable across minimum, mid-point, and maximum redemption scenarios, with Holdings shareholders at 85.3-85.4% (basic) or 58.4% (fully diluted), Sponsor at 10.7%/9.3%, and public shareholders at a low 1.6-1.7%/29.7%; a $5.0M PIPE is committed (with $16.0M interest), but the trust account holds only $142,275.91 as of February 23, 2026, signaling potentially high redemptions. The merger will make PubCo a controlled company with Bradbury Private Investment XVIII holding 34.5% voting power, and includes Sponsor forfeitures of 447,952 shares and contingent shares to MobilityOne.
- ·Non-Redemption Agreements dated January 19, 2025 (150,000 shares forfeited) and April 14, 2025 (297,952 shares forfeited), terminated but forfeiture obligation survives.
- ·TETE incorporated November 8, 2021; Class A shares, warrants, units listed on OTC Pink Current January 23, 2025 under TETEF, TETWF, TETUF.
- ·Nasdaq listing approval for RADB is a closing condition, waivable by Holdings and Super Apps.
- ·Shareholder meeting requests for additional documents by March 19, 2026.
23-03-2026
AParadise Acquisition Corp., a SPAC listed on Nasdaq (APADU, APAD, APADR), released its PFIC Annual Information Statement for fiscal year 2025 (Jan 1 to Dec 31, 2025) on March 23, 2026, reporting per-share per-day ordinary earnings of $0.000605 and no net capital gains or distributions. The statement assists US shareholders with potential QEF elections under IRC Section 1295 and confirms the company may be treated as a PFIC. No other financial metrics or period comparisons were provided.
- ·Company incorporated November 9, 2022 in British Virgin Islands.
- ·Taxpayer Identification Number: N/A.
- ·Principal address: The Sun’s Group Center, 29th Floor, 200 Gloucester Road, Wan Chai, Hong Kong.
- ·Emerging growth company: Yes.
23-03-2026
Comtech Telecommunications Corp. filed a Form S-3 shelf registration statement with the SEC on March 23, 2026, enabling the potential offering of up to $125 million in common stock, preferred stock, debt securities, warrants, purchase contracts, or units from time to time based on market conditions. The company's common stock (CMTL) had a last reported sale price of $3.66 per share on March 17, 2026, and trades on the Nasdaq Global Select Market. As a smaller reporting company, Comtech qualifies due to non-affiliate market value under $250M or annual revenue under $100M, allowing reduced disclosure obligations.
- ·Principal executive offices: 305 N 54th Street, Chandler, Arizona 85226; Phone: (480) 333-2200
- ·Incorporated in Delaware; I.R.S. Employer Identification Number: 11-2139466; Founded: 1967
- ·Reportable segments: Allerium (formerly Terrestrial and Wireless Networks) and Satellite and Space Communications
23-03-2026
Imunon, Inc. filed a prospectus supplement on March 23, 2026, to register an additional $7M of common stock shares issuable under its At the Market Offering Agreement with H.C. Wainwright & Co., LLC, increasing the total registered amount from $10M to $17M. As of the filing, the company had already sold $4.8M worth of shares through this agreement, which may result in shareholder dilution.
- ·Opinion regarding legality of shares filed as Exhibit 5.1 by Thompson Hine LLP
- ·Sales Agreement originally dated May 25, 2022, with Amendment No. 1 dated May 15, 2024
23-03-2026
Radian Group Inc. disclosed via Regulation FD that the Society of Lloyd’s posted the UK GAAP annual accounts for Syndicate 1301 (managed by Inigo Limited, which Radian acquired on February 2, 2026) for the year ended December 31, 2025, available on Radian's investor relations website. These standalone syndicate accounts are not directly comparable to Radian's or Inigo's consolidated US GAAP financials. Radian plans to file audited 2025 consolidated US GAAP financials for Inigo, along with pro forma information for the acquisition, by no later than April 17, 2026.
- ·Syndicate 1301 Accounts link: https://www.radian.com/-/media/650F6F163C0E4CEFAF5B77F14D51263A.ashx?rev=df270b5f-aadf-4d5e-b575-a8219ad54e67
- ·Original acquisition 8-K filed February 3, 2026, to be amended with Items 9.01(a) and (b)
23-03-2026
Intel Corporation (INTC) filed a DEFA14A Definitive Additional Materials on March 23, 2026, as part of its proxy statement pursuant to Section 14(a) of the Securities Exchange Act of 1934. The filing, titled 'a2026noticeaccess.htm', appears to be a notice of internet availability of proxy materials and indicates no filing fee required. No financial metrics, performance data, or other substantive details are provided in the filing header.
- ·Filing categorized as Definitive Additional Materials (not Preliminary Proxy Statement or Soliciting Material).
23-03-2026
Intel's 2026 Proxy Statement seeks stockholder approval for electing 11 directors, including new independent Chair Craig H. Barratt succeeding Frank D. Yeary (not standing for re-election after 17 years); ratifying Ernst & Young as auditors; advisory vote on executive compensation; and amending/restating the 2006 Equity Incentive Plan and ESPP, which granted awards to 73% of employees in 2025. The Board highlights 2025 reinvention progress under new CEO Lip-Bu Tan, including strategy refinement, tech milestones like Intel 18A/14A, and improved operational discipline, while noting ongoing transformation requires sustained efforts with no shortcuts mentioned.
- ·Annual Meeting: May 13, 2026 at 9:00 A.M. PT (virtual at www.virtualshareholdermeeting.com/Intel26)
- ·Record date: March 16, 2026
- ·Stockholder proposals: Report on China exposure risk (Prop 6), human rights due diligence (Prop 7), separate Chair/CEO policy (Prop 8) - Board recommends AGAINST
- ·Four independent directors added since 2024
23-03-2026
On March 18, 2026, Intelligent Bio Solutions Inc. granted time-vesting restricted stock awards of 9,150 shares each to CEO Harry Simeonidis and CFO Spiro Sakiris (vesting after 48 months), plus performance-vesting awards of 21,350 shares each tied to clinical, regulatory, and commercial milestones; non-employee directors received an aggregate 20,000 time-vesting shares (vesting after 12 months), and non-executive employees received 10,500 time-vesting and 24,500 performance-vesting shares. As of March 23, 2026, the company had 2,001,173 shares of common stock outstanding following these grants and warrant exercises. The company also filed a 2026 ATM Supplement enabling up to $3.97M in additional common stock sales under its existing ATM Agreement.
- ·Performance-vesting shares subject to milestones: 30% upon clinical trial achievement (post-1 year), 40% upon FDA regulatory submission (post-1 year), 30% upon commercial supply/sales milestone (post-1 year); unachieved portions forfeit after 10 years.
- ·Awards include dividend rights on unvested shares (paid upon vesting) and are subject to clawback policy.
- ·ATM Agreement originally dated September 18, 2024; Registration Statement effective September 10, 2025 (File No. 333-286489).
23-03-2026
Richmond Mutual Bancorporation, Inc. (RMBI) reported net income of $11.6M for the year ended December 31, 2025, up 23.4% YoY from $9.4M, driven by net interest income growth to $43.8M (13.2% increase) and net interest margin expansion to 2.97% from 2.67%. Total assets grew modestly 1.4% to $1.53B, with loans and leases reaching $1.19B. However, asset quality weakened sharply as non-performing assets rose to $17.5M or 1.14% of total assets (from 0.45%), non-performing loans increased to 1.46% of total loans (from 0.58%), and provision for credit losses surged to $2.2M from $0.55M.
- ·Diluted EPS increased to $1.17 from $0.92 YoY.
- ·Cash dividends paid per share rose to $0.60 from $0.56.
- ·Common equity tier 1 capital ratio improved to 13.38% from 12.98%.
- ·Efficiency ratio improved to 67.68% from 73.74%.
- ·Total non-interest expenses increased to $33.1M from $32.1M.
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