filecrux
$RAIL Railcar maker FreightCar America's pill ended; OC III funds that beneficially own about 48.8% of the common stock, including shares issuable on exercise of warrants (per their July 2, 2026 Schedule 13D/A) face board veto on >20% buyers. Any new pill must trigger at 20%+, vs 15% before. Value: about $200.5M at the $6.115 close, 4pm ET October 15, 2026. In return the funds are freed from the old pill's 0.001% add-on trigger; sales into a board-approved >50% deal or unopposed tender are exempt. Ends Oct 14, 2030 or when they fall to 20% or less.
