TCW Group Acquires 3.4M Accuray Warrants as Loan Consideration

The TCW Group, Inc. filed a Form 4 disclosing the acquisition of warrants to purchase 3,407,107 shares of Accuray Inc. (ARAY) common stock. These warrants were issued on May 19, 2026 as consideration for making a Delayed Draw Term Loan under the Financing Agreement dated June 6, 2025. The warrants have varying exercise prices of $1.25, $1.50, and $0.01 per share, with expiration dates of May 19, 2033 and exercise dates starting November 20, 2026. TCW is filing on behalf of its business unit, which includes TCW Rescue Financing Fund II LP and West Virginia Direct Lending LLC as the record holders. Following this transaction, TCW now holds warrants to purchase a total of 18,942,059 shares of Accuray common stock. No separate consideration was paid for the warrants.