Meridian™

Meridian Today

Saturday, September 12, 2026

The corporate distress briefing

As of latest annual 10-Ks · book-equity X4

Market pulse

  • 3,703 companies monitored
  • 50 deteriorated
  • 58 improved
  • 3 entered distress

3 names crossed into distress on the latest annual print. 50 scored weaker than last year.

Top developments

  1. 01PARA entered model distress
  2. 02LLY exited distress
  3. 03IBRX — book screen Distress; market PD 0.84%
  4. 04VSNT had the largest score decline
  5. 0518 industrials companies deteriorated

Biggest deterioration

Versus the prior annual print. Same model only.

CompanyΔ vs prior FYPDDriver
VSNTVersant Media Group, Inc.−3.490.02%Leverage
GMEGameStop Corp.−3.36—Leverage
PLUGPLUG POWER INC−1.88—Earnings

New distress

What to watch

  • AER is Grey, 1.10 versus the 1.10 Z″ distress line.

    Open AER

  • IBRX. Book screen Distress; market PD 0.84%. Treat as capital-structure — not a single default call.

    Open IBRX

  • VRSN is scored Distress with no priced tape. Open the name and price it.

    Open VRSN

Not a daily default forecast. Rank is the latest 10-K. PD updates when a name is priced. Zone cuts: 1.80 / 3.00 classic, 1.10 / 2.60 Z″.