# Merja Review

> Merja Review is an independent publication covering Investment banks, deals & M&A. Focus: Activist stakes and deal filings reviewed. Published by Independent Journal; sponsored by Adamson Brothers Corp. (see the About page). Articles are drafted from primary sources with AI assistance and reviewed under our editorial policy. Not investment advice.

## Usage
- AI crawlers and assistants may read and index this site.
- Quotation and citation are welcome with attribution to the publication and a link to the article URL.
- News articles are time-sensitive; check the publication date. Guides are evergreen and updated over time.

## Sections
- [Latest news](https://merjareview.com/): newest articles first
- [Guides](https://merjareview.com/guides/): evergreen explainers
- [Topics](https://merjareview.com/topics/): topic index
- [Writers](https://merjareview.com/authors/): bylines and beats
- [RSS feed](https://merjareview.com/rss.xml)
- [Sitemap](https://merjareview.com/sitemap-index.xml)

## Guides
- [Hart-Scott-Rodino merger review explained: HSR filings](https://merjareview.com/hart-scott-rodino-merger-review-explained/): Hart-Scott-Rodino merger review explained: who files, the 30-day and 15-day waiting periods, second requests, early termination and which agency reviews a deal.
- [Proxy fights explained: how contested director elections work](https://merjareview.com/proxy-fights-explained/): Proxy fights explained: how dissidents nominate directors, the SEC proxy rules, universal proxy notice and filing deadlines, the meeting and how fights end.
- [How activist investors work: stakes, demands, campaigns](https://merjareview.com/how-activist-investors-work/): How activist investors work: building a stake, Schedule 13D disclosure, private talks, shareholder proposals, board nominations and how campaigns usually end.
- [Schedule 13D vs. 13G explained: who files and when](https://merjareview.com/schedule-13d-vs-13g-explained/): Schedule 13D vs 13G explained: the five percent trigger, who may use the short-form 13G, filing deadlines, amendments, groups and how to read a 13D filing.

## Recent articles
- [Schedule 13D/A From Independence Energy Aggregator Lands](https://merjareview.com/schedule-13d-amendment-independence-energy-aggregator/) (2026-10-14): Independence Energy Aggregator L.P. filed a Schedule 13D/A on Oct. 13. What an amendment signals, plus two same-day 8-Ks from Sadot and VisionWave worth tracking.
- [Digital Realty 8-K: €1 Billion 5.125% Euro Notes Sold Under Reg S](https://merjareview.com/digital-realty-8-k-euro-notes-reg-s-offering/) (2026-10-09): Digital Realty's 8-K reports a €1 billion, 5.125% note due 2036 sold outside the U.S. under Reg S, with proceeds earmarked for eligible green projects. Terms.
- [13D Filing: Southport Sponsor Reports 27.7% of New SPAC](https://merjareview.com/13d-filing-southport-sponsor-27-percent-spac/) (2026-10-07): Southport Acquisition Sponsor II filed a Schedule 13D after the SPAC's Oct. 2 IPO, reporting 8.17 million shares, 27.7%, bought for $5.025 million. Key terms.
- [Boxlight 8-K Isn't Clearly a Merger 8-K, but Merits a Look](https://merjareview.com/boxlight-8-k-merger-8-k-item-mix/) (2026-10-06): Boxlight's Oct. 6 8-K combines a material agreement, an unregistered equity sale and charter changes. Here is what the item mix signals and what's still unknown.
- [Schedule 13D: Cross Ocean Holds 21.3% of KLX Energy After Rights Deal](https://merjareview.com/schedule-13d-cross-ocean-klx-energy-rights-offering/) (2026-10-06): Cross Ocean Partners reported 22.5 million KLX Energy shares, 21.3%, after swapping 2030 notes in a $125 million rights offering, with a board seat right.
- [Waste Energy's bylaw 8-K: what a 13D filing would add](https://merjareview.com/waste-energy-8-k-bylaw-change-13d-filing/) (2026-10-05): Waste Energy Corp. filed an 8-K on Oct. 5 under Item 5.03 for charter or bylaw changes. Here is what the filing shows, what it omits and what to watch next.
- [Outdoor Holding 8-K: Texas Conversion, Not a Merger 8-K](https://merjareview.com/outdoor-holding-8-k-governance-not-merger-8-k/) (2026-10-02): Outdoor Holding's Oct. 2 8-K reports a Delaware-to-Texas conversion approved 74.1M to 11.0M, a move of headquarters to Dallas and heavy opposition to one director.
- [Activist Investor Stake: Equinox Partners Files 13D on Silvercrest](https://merjareview.com/activist-investor-stake-equinox-silvercrest-13d/) (2026-09-30): Equinox Partners and Sean Fieler reported 554,736 Silvercrest shares, about 7.1%, on Schedule 13D and left room to push on capital allocation or a sale.
- [13D Filing: PMGC Holdings Reports 21.4% of NorthStrive SPAC](https://merjareview.com/13d-filing-pmgc-northstrive-spac-sponsor-stake/) (2026-09-29): PMGC Holdings filed a Schedule 13D showing 2.73 million shares, 21.43% of NorthStrive Acquisition Corp I, after taking over its sponsor for $1. Key terms.
- [Schedule 13D Amendment: Inflection Point Exits SPAC After GOWell Deal](https://merjareview.com/schedule-13d-amendment-inflection-point-gowell-exit/) (2026-09-25): Inflection Point Fund I reported zero shares of Inflection Point Acquisition Corp. V after its GOWell merger closed. What the Schedule 13D amendment shows.
- [Schedule 13D: Definitive Healthcare Founder Flags Advent Buyout Bid](https://merjareview.com/definitive-healthcare-schedule-13d-advent-proposal/) (2026-09-02): Jason Krantz switched to a Schedule 13D on Definitive Healthcare in September 2026 after Advent proposed a $1.02 per share deal requiring his equity rollover.
- [Stilwell Takes 9.9% Activist Investor Stake in CSB Financial](https://merjareview.com/stilwell-csb-financial-activist-investor-stake/) (2026-08-06): Joseph Stilwell's funds disclosed a 9.9% activist investor stake in Ohio's CSB Financial in an August 2026 Schedule 13D, citing undervalued bank assets.
- [PetMed 13D Filing: SilverCape Proposes $3 Take-Private Bid](https://merjareview.com/petmed-13d-filing-silvercape-take-private/) (2026-06-29): A June 2026 13D filing shows SilverCape, holding 12.07% of PetMed Express, proposed taking the company private at $3.00 a share in a non-binding offer.
- [Tether's Schedule 13D Amendment Lifts Gold.com Stake to 11.8%](https://merjareview.com/tether-gold-com-schedule-13d-amendment/) (2026-05-07): A May 2026 Schedule 13D/A shows Tether-linked entities hold 11.8% of Gold.com after a $150 million purchase, with a board seat and intent to exercise control.
- [Avanos Merger 8-K: $25 a Share Cash Deal With AIP-Backed Buyer](https://merjareview.com/avanos-merger-8-k-aip-cash-deal/) (2026-04-14): Avanos Medical's April 2026 merger 8-K details a $25 per share cash sale to a buyer backed by American Industrial Partners, with a $37.5 million breakup fee.

## Policies
- [About and ownership](https://merjareview.com/about/)
- [Editorial policy](https://merjareview.com/editorial-policy/)
- [Disclaimer](https://merjareview.com/disclaimer/)
- [Privacy](https://merjareview.com/privacy/)

## Contact
- Corrections and tips: editor@merjareview.com