---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-067856"
form_type: "8-K"
ticker: "CURLF"
cik: "0001756770"
company_name: "Curaleaf Holdings, Inc."
filed_at: "2026-10-28T18:59:52+00:00"
generated_at: "2026-10-28T19:01:05.428406+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Curaleaf says ASC ruling doesn't change case for US$5.00/share Aurora bid at 86% premium

## Summary
- Curaleaf's enhanced offer implies ~US$5.00 per Aurora share, an 86% premium to Aurora's unaffected VWAP of ~US$2.75; Aurora calls it a discount.
- Curaleaf says Aurora sold ATM shares as low as US$2.56 — a 49% discount to the enhanced offer — less than a month before Curaleaf announced its bid.
- Aurora confirmed it stopped using its ATM program on August 18, 2026, shortly after Curaleaf challenged the activity, and has not used it since.
- Combined company would operate in 17 countries with >US$1.5B LTM revenue, ~US$350M LTM Adjusted EBITDA and at least US$40M of expected annual cost synergies.
- Curaleaf says Aurora still excludes it from customary diligence while giving other parties access; offer circular dated Aug 18, 2026, amended Oct 6, 2026.

## SEC filing metadata
- accession: 0001628280-26-067856
- form_type: 8-K
- ticker: CURLF
- cik: 0001756770
- company_name: Curaleaf Holdings, Inc.
- filed_at: 2026-10-28T18:59:52+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1756770/000162828026067856/0001628280-26-067856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1756770/000162828026067856/curlf-20261027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-067856
- JSON: https://secwatch.observer/filing/0001628280-26-067856.json
- Plain text: https://secwatch.observer/filing/0001628280-26-067856.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.