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Figure 2From “The metric didn't die. The cohort did.”

How the thirty that stopped filing left

How each of the 30 left, read from its own SEC filings rather than from press coverage. The marked row is the only company that failed.

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Figure 2How the thirty that stopped filing left

Of the 30 companies that stopped filing, 18 left via a merger put to shareholders, 6 via a merger completion recorded in a final 8-K, 5 via a going-private transaction and 1 through Chapter 11 bankruptcy: 29 of 30 were acquired.510152025Merger put to shareholders18Merger completed, per final 8-K6Going-private transaction5Chapter 111Companies (of 30)

Source: Each company's own SEC filings, read at 18 August 2026: the merger proxy (DEFM14A), the completion recorded in a final 8-K or 6-K, the Schedule 13E-3 for a going-private transaction, and the Chapter 11 petition, with the Form 25-NSE and Form 15 deregistrations where filed. One source URL per row. The 30 are the baseline companies with no annual report for a period ending on or after 1 January 2025; the count is a floor, because a company that filed and was acquired afterwards counts as present. Each route is assigned from the filing itself, never from press coverage. The single Chapter 11 is 2U, July 2024. Corpus: exits-2026-08-18.json.

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APA 7

Isoglu, S. (2026). How the thirty that stopped filing left [Figure]. isoglu.com. https://isoglu.com/insights/exhibits/isoglu-2026-the-metric-didnt-die-the-cohort-did-fig02/

BibTeX
@misc{isoglu-2026-the-metric-didnt-die-the-cohort-did-fig02,
  author = {Isoglu, Sinan},
  title = {{How the thirty that stopped filing left}},
  year = {2026},
  howpublished = {Figure 2, isoglu.com},
  url = {https://isoglu.com/insights/exhibits/isoglu-2026-the-metric-didnt-die-the-cohort-did-fig02/},
  note = {From the essay {The metric didn't die. The cohort did.}}
}
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<figure>
  <a href="https://isoglu.com/insights/exhibits/isoglu-2026-the-metric-didnt-die-the-cohort-did-fig02/">
    <img src="https://isoglu.com/social/isoglu-2026-the-metric-didnt-die-the-cohort-did-fig02.png" alt="Figure 2: How the thirty that stopped filing left" width="3200" height="2400">
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  <figcaption>Figure 2: How the thirty that stopped filing left. Source: Each company&#39;s own SEC filings, read at 18 August 2026: the merger proxy (DEFM14A), the completion recorded in a final 8-K or 6-K, the Schedule 13E-3 for a going-private transaction, and the Chapter 11 petition, with the Form 25-NSE and Form 15 deregistrations where filed. One source URL per row. The 30 are the baseline companies with no annual report for a period ending on or after 1 January 2025; the count is a floor, because a company that filed and was acquired afterwards counts as present. Each route is assigned from the filing itself, never from press coverage. The single Chapter 11 is 2U, July 2024. Corpus: exits-2026-08-18.json. <a href="https://isoglu.com/insights/exhibits/isoglu-2026-the-metric-didnt-die-the-cohort-did-fig02/">View exhibit</a>.</figcaption>
</figure>

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