Vulcan Infrastructure & Power redeems $30.3M notes
The notes stopped trading on October 12, 2026, while VIP's Class A common stock remains listed on Nasdaq and SEC reporting continues.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
8-K
Rhea-AI Filing Summary
Vulcan Infrastructure & Power Inc. completed redemption of all $30,345,200 aggregate principal amount of its 8.50% Senior Notes due 2026. The redemption price was 100% of principal plus accrued and unpaid interest through, but excluding, October 13, 2026; total payment was approximately $30,868,233. Interest ceased accruing on the redemption date, and no 2026 Notes remain outstanding.
As of September 30, 2026, Vulcan had $16.9 million in cash and digital assets based on preliminary, unaudited balances, after giving effect to the redemption and approximately $1.4 million of remaining expenses related to PIPE transactions. The notes ceased trading on Nasdaq on October 12, 2026. Nasdaq filed Form 25 to delist and deregister the notes; the company expects those steps to take effect on or about October 23, 2026, and January 12, 2027, respectively. The redemption does not affect the Class A common stock’s Nasdaq listing, and Vulcan will continue filing SEC reports.
1 point · 1 major0 major · 0 points
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Major point2026 notes: $30,345,200 principal fully redeemed. 1.2× market cap
Negative
- None.
Insights
Analyzing...
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Principal amount redeemed: $30,345,200
Redemption price: 100% of principal amount
Total redemption payment: Approximately $30,868,233
+4 more
7 metrics
Principal amount redeemed
$30,345,200
Aggregate principal amount of the 8.50% Senior Notes due 2026
Redemption price
100% of principal amount
Plus accrued and unpaid interest
Total redemption payment
Approximately $30,868,233
Payment for the redemption
Accrued and unpaid interest
Approximately $523,000
Through October 12, 2026
Cash and digital assets
$16.9 million
As of September 30, 2026; preliminary, unaudited balances after giving effect to the redemption and remaining PIPE transaction expenses
Remaining PIPE transaction expenses
Approximately $1.4 million
As of September 30, 2026
Note interest rate
8.50%
Senior Notes due 2026
Key Terms
accrued and unpaid interest, PIPE transactions, deregistration
3 terms
accrued and unpaid interest financial
"plus accrued and unpaid interest through October 12, 2026"
Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.
PIPE transactions financial
"remaining expenses related to the previously announced PIPE transactions"
Private investment in public equity (PIPE) transactions are deals where a public company sells newly issued shares or convertible securities directly to a small group of private investors instead of through the open market. They matter to investors because they can quickly bring cash to the company but usually involve selling stock at a below-market price, which can reduce the value of existing shares and signal the company needs immediate funding—similar to taking a fast, private loan by giving up a portion of ownership.
deregistration regulatory
"to deregister the 2026 Notes under Section 12(b)"
Deregistration is when a company officially removes itself from a stock exchange or regulatory list, meaning it is no longer publicly traded. This can happen if the company is shrinking or choosing to go private, and it matters because it changes how investors can buy or sell its shares.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much of VIP's 8.50% Senior Notes due 2026 did the company redeem?
VIP redeemed all $30,345,200 aggregate principal amount at 100% of principal plus accrued and unpaid interest. The total payment was approximately $30,868,233, and no 2026 Notes remain outstanding.
When will VIP's 2026 notes be delisted and deregistered?
Nasdaq filed Form 25 on October 13, 2026. Vulcan expects the notes’ delisting to become effective on or about October 23, 2026, and their deregistration under Section 12(b) to become effective on or about January 12, 2027.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
___________________________________
(Exact name of registrant as specified in its charter)
___________________________________
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||
(Address of principal executive offices and zip code) | ||||||||
( | ||||||||
(Registrant's telephone number, including area code) | ||||||||
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act: | ||||||||
Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 – Other Events.
Completion of Redemption of 8.50% Senior Notes due 2026
On October 13, 2026 (the “Redemption Date”), Vulcan Infrastructure and Power Inc. (the “Company”) issued a press release announcing that the Company completed the redemption of all $30,345,200 aggregate principal amount of the Company’s outstanding 8.50% Senior Notes due 2026 (the “2026 Notes”) at a redemption price equal to 100% of the principal amount of 2026 Notes to be redeemed, plus accrued and unpaid interest up to, but excluding, the Redemption Date, for a total payment of approximately $30,868,233. Interest on the 2026 Notes ceased to accrue on the Redemption Date. Following the redemption, no 2026 Notes remain outstanding. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Delisting and Deregistration of the 2026 Notes
Before the Redemption Date, the 2026 Notes were listed on The Nasdaq Global Select Market (“Nasdaq”) under the symbol “GREEL.” Because the entire class of 2026 Notes has been redeemed, Nasdaq filed with the Securities and Exchange Commission (the “SEC”) a notification of removal from listing and/or registration on Form 25 on October 13, 2026 to delist the 2026 Notes from Nasdaq and to deregister the 2026 Notes under Section 12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company expects the delisting of the 2026 Notes to become effective on or about October 23, 2026 and the deregistration of the 2026 Notes under Section 12(b) of the Exchange Act to become effective on or about January 12, 2027. The 2026 Notes ceased trading on Nasdaq as of the close of trading on October 12, 2026.
The redemption and delisting of the 2026 Notes do not affect the listing or registration of the Company’s Class A common stock, which remains listed on Nasdaq under the symbol “VIP.” The Company will continue to file reports with the SEC under Section 13(a) of the Exchange Act.
The information in Item 8.01, including Exhibit 99.1, of this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K, including Exhibit 99.1 furnished herewith, includes certain statements that may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws. These forward-looking statements involve uncertainties that could significantly affect the Company’s financial or operating results. These forward-looking statements may be identified by terms such as “anticipate,” “believe,” “continue,” “foresee,” “expect,” “intend,” “plan,” “may,” “will,” “would,” “could” and “should,” and the negative of these terms or other similar expressions. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Forward-looking statements in this Current Report on Form 8-K include, among other things, statements regarding the Company’s expected cash and digital assets following the redemption and payment of PIPE-related transaction expenses, the Company’s preliminary, unaudited estimates as of and for the quarter ended September 30, 2026, the value of the Company’s digital assets and the Company’s future business plan, business strategy and operations. In addition, all statements that address operating performance and future performance, events or developments that are expected or anticipated to occur in the future are forward-looking statements. Forward-looking statements are subject to a number of risks, uncertainties and assumptions. Matters and factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements include, but are not limited to, the matters and factors described in Part I, Item 1A, “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as may be amended from time to time, its subsequently filed Quarterly Reports on Form 10-Q and its other filings with the Securities and Exchange Commission. Consequently, all of the forward-looking statements made in this Current Report on Form 8-K are qualified by the information contained under this caption. No assurance can be given that these are all of the factors that could cause actual results to vary materially from the forward-looking statements. Undue reliance should not be placed on forward-looking statements. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or, if any of them do occur, that the actual results, performance or achievements of the Company will not differ materially from the results expressed in or implied by any forward-looking statements. All forward-looking statements speak only as of the date of this Current Report on Form 8-K and, unless otherwise required by U.S. federal securities laws, the Company does not assume any duty to update or revise any forward-looking statements included in this Current Report on Form 8-K, whether as a result of new information, the occurrence of future events, uncertainties or otherwise, after the date hereof.
Item 9.01 – Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |||||||
99.1 | Press Release, dated October 13, 2026. | |||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Vulcan Infrastructure and Power Inc. | |||||
By: | /s/ Jordan Kovler | ||||
Name: | Jordan Kovler | ||||
Title: | Chief Executive Officer | ||||
Date: October 13, 2026
Vulcan Completes Redemption of All Outstanding 8.50% Senior Notes Due 2026
Redemption Eliminates Vulcan’s 2026 Debt Maturity and Strengthens Capital Structure
PITTSFORD, N.Y., October 13, 2026 – Vulcan Infrastructure and Power Inc. (Nasdaq: VIP) (“Vulcan” or the “Company”), a power and infrastructure platform focused on acquiring, developing and operating energized sites that support artificial intelligence (“AI”) and high-performance computing (“HPC”) data centers, today announced that it has completed the previously announced redemption of all of its outstanding 8.50% Senior Notes due 2026 (the “2026 Notes”).
The Company redeemed the remaining outstanding $30,345,200 aggregate principal amount of 2026 Notes at a redemption price equal to 100% of the principal amount, plus approximately $523,000 of accrued and unpaid interest through October 12, 2026. The aggregate amount paid in connection with the redemption was approximately $30.9 million.
As of September 30, 2026, the Company had $16.9 million in cash and digital assets, based on preliminary unaudited balances, after giving effect to the 2026 Notes redemption and approximately $1.4 million of remaining expenses related to the previously announced PIPE transactions.
“Completing this redemption is an important milestone for Vulcan and reflects the execution of a key objective associated with the recently completed strategic investment,” said Jordan Kovler, Chief Executive Officer of Vulcan Infrastructure and Power. “The elimination of debt strengthens our capital structure and allows laser focus on advancing the significant power and AI/HPC infrastructure opportunities in front of us.”
About Vulcan Infrastructure and Power Inc.
Vulcan Infrastructure and Power Inc. (Nasdaq: VIP) is a power and infrastructure platform focused on acquiring, developing and operating energized sites that support artificial intelligence and high-performance computing data centers, as well as local electricity grids.
Preliminary Financial Information
The financial information presented in this press release is preliminary and unaudited and remains subject to completion of the Company’s quarter-end closing and review procedures. Actual results and balances as of, and following, the redemption date may differ materially from these preliminary amounts. The preliminary financial information in this press release has been prepared by, and is the responsibility of, management. The Company’s independent registered public accounting firm has not audited, reviewed, compiled or performed any procedures with respect to this preliminary financial information and does not express an opinion or any other form of assurance with respect thereto. This preliminary financial information is not a comprehensive statement of the Company’s financial condition as of September 30, 2026 and should not be viewed as a substitute for the interim financial statements to be included in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.
Forward-Looking Statements
This press release includes certain statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements for purposes of federal and state securities laws. These forward-looking statements involve uncertainties that could significantly affect Vulcan’s financial or operating results. These forward-looking statements may be identified by terms such as "anticipate," "believe," "continue," "foresee," "expect," "intend," "plan," "may," "will," "would," "could" and "should," and the negative of these terms or other similar expressions. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Forward-looking statements in this press release include, among other things, statements regarding the Company’s estimated cash and digital assets following the redemption and payment of PIPE-related transaction expenses, the Company’s preliminary, unaudited estimates as of and for the quarter ended September 30, 2026, the value of the Company’s digital assets and the Company’s future business plan, business strategy and operations. In addition, all statements that address operating performance and future performance, events or developments that are expected or anticipated to occur in the future are forward-looking statements. Forward-looking statements are subject to a number of risks, uncertainties and assumptions. Matters and factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements include, but are not limited to, the matters and factors described in Part I, Item 1A, "Risk Factors" of Vulcan’s Annual Report on Form 10-K for the year ended December 31, 2025, as may be amended from time to time, its subsequently filed Quarterly Reports on Form 10-Q and its other filings with the U.S. Securities and Exchange Commission. Consequently, all of the forward-looking statements made in this press release are qualified by the information contained under this caption. No assurance can be given that these are all of the factors that could cause
actual results to vary materially from the forward-looking statements. You should not put undue reliance on forward-looking statements. No assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or, if any of them do occur, that the actual results, performance or achievements of Vulcan will not differ materially from the results expressed in or implied by any forward-looking statements. All forward-looking statements speak only as of the date of this press release and, unless otherwise required by U.S. federal securities laws, Vulcan does not assume any duty to update or revise any forward-looking statements included in this press release, whether as a result of new information, the occurrence of future events, uncertainties or otherwise, after the date of this press release.
Investor Contact
FNK IR
Rob Fink or Joey Delahoussaye
IR@VulcanIP.com
312-809-1087
Rob Fink or Joey Delahoussaye
IR@VulcanIP.com
312-809-1087