InsideArbitrage Event Driven Monitor – August 17, 2026

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Merger Arbitrage

1. HHS: The acquisition of Harte Hanks, Inc. (HHS) by Star Equity Holdings, Inc. (STRR) for a closing value of $68.2 million. Harte Hanks shareholders may elect to receive $5 in cash per share, representing a 77.94% premium over the stock’s last closing price. The cash consideration is subject to a cap equal to 50% of the total transaction consideration, or about $19.2 million. Or, the shareholders may elect to receive 0.50 shares of Star Equity’s 10% Series A Cumulative Perpetual Preferred Stock (STRRP) for each Harte Hanks share, based on its $10 per-share liquidation preference. (Press Release)
2. GSAT: Amazon (AMZN) filed Form S-4 for the acquisition of Globalstar (GSAT). The companies expect to complete the merger in 2027.
3. CRNX: Crinetics (CRNX) announced that the waiting period under the HSR Act expired on August 12, 2026. In addition, as of August 13, the approvals required under applicable antitrust laws in Austria, Germany, and Australia for the merger have been received (subject to the expiration of a waiting period in Australia, currently scheduled to expire on August 27, 2026).

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