PEN Penumbra Inc

BULLISH Impact: 7/10 425
Horizon weeks Filed May 7, 2026 Processed 13d 10h ago SEC 0001321732-26-000025
Rule 425 M&A communications
Latest settled — T+5d ⚠ clustered
PEN ▼ -0.63% at T+5d
LONG call ✗ call lost -0.63% · α vs SPY -2.14% · entry $324.65 → $322.59
Next anchor: T+20d in 16d
Currently $327.38 · +0.84% from $324.65 entry
Entry anchored
May 7, 04:55 AM ET
via Databento tick
T+1d
-0.75%
call -0.75% · α -1.58%
$322.23
settled 12d ago
T+5d
-0.63%
call -0.63% · α -2.14%
$322.59
settled 6d ago
T+20d
call — · α —
in 16d
T+60d
call — · α —
in 3mo

Price Chart

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Executive Summary

Penumbra shareholders voted overwhelmingly to approve the merger with Boston Scientific, with 99.7% of votes cast in favor. The deal now awaits remaining regulatory clearances (HSR and foreign antitrust) and is expected to close in the second half of 2026.

Actionable Insight

The shareholder vote removes a key condition to closing. Focus now shifts to regulatory approvals, particularly HSR and non-U.S. antitrust clearances. Monitor for updates on these fronts; any delay or condition could affect the timeline. The expected close in H2 2026 remains intact per Boston Scientific's Q1 call.

Key Facts

  • 28,564,786 votes FOR the merger (99.7% of cast votes), 85,334 AGAINST, 15,813 abstentions
  • 28,665,933 shares present or proxy out of 39,324,084 outstanding (72.9% quorum)
  • Advisory compensation proposal also approved (27,811,605 FOR)
  • Merger agreement dated January 14, 2026; Penumbra to survive as wholly owned subsidiary of Boston Scientific
  • Remaining conditions: HSR waiting period expiration/termination and non-U.S. antitrust/foreign investment clearances

Financial Impact

No financial figures disclosed in this filing; deal value and terms are in prior merger agreement filings.

Risk Factors

  • Failure to obtain remaining regulatory approvals (HSR, foreign antitrust/investment clearances)
  • Potential for regulatory conditions that could alter deal terms or timeline

Market Snapshot

Exchange
NYSE
Sector
Surgical & Medical Instruments & Apparatus
Analyst Consensus
36% bullish (22 analysts)

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
425 Filing (Primary)0001321732-26-000025
Document: 0001321732-26-000025-index-headers.html0001321732-26-000025
Document: 0001321732-26-000025-index.html0001321732-26-000025
Document: 0001321732-26-000025.txt0001321732-26-000025
6 reports for PEN
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for PEN — sortable, filterable
Type Now
May 7, 2026
13d ago
425
BULLISH ★ 7/10
$324.65 $322.59▼ −0.63%▼ −2.14%$327.38 (+0.84%)
May 6, 2026
14d ago
8-K
BEARISH ★ 6/10
$324.65 $322.59▲ +0.63%▲ +2.14%$327.38 (−0.84%)
Apr 29, 2026
21d ago
DEFA14A
NEUTRAL ★ 2/10
awaiting T+5
Apr 17, 2026
4w ago
425
NEUTRAL ★ 4/10
$329.71 $327.98▼ −0.52%▼ −1.44%$327.38 (−0.71%)
Apr 1, 2026
7w ago
DEFM14A
BULLISH ★ 8/10
$330.36 $329.77▼ −0.18%▼ −3.80%$327.38 (−0.90%)
Feb 25, 2026
12w ago
8-K
MIXED ★ 7/10
$338.67 $339.61▲ +0.28%▲ +1.38%$327.38 (−3.33%)
Showing 6 of 6

US Market Status

Market Closed — Opens Thu (< 1m)

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