RSVR

In the past six months, Reservoir Media's stock has been impacted by earnings reports, acquisitions, and take-private proposals. Reservoir Media announced strong second-quarter fiscal 2026 results, with revenue up 12% year-over-year and Adjusted EBITDA up 10% year-over-year. The company reported Q3 fiscal 2026 revenue of $45.6 million, an 8% year-over-year increase, and Adjusted EBITDA up 11% year-over-year. Reservoir continued its strategy of catalog acquisitions, including the Miles Davis publishing catalog and related recorded music and name/likeness rights. Reservoir Media received an unsolicited, non-binding, and conditional indication of interest from shareholder Irenic Capital Management to acquire all outstanding equity for $10.00 to $11.00 per share in cash. Shareholders Richmond Hill and Wesbild submitted a preliminary non-binding proposal to acquire outstanding common shares at $10.50 per share in cash. Reservoir Media announced that its independent Special Committee retained Morgan Stanley & Co. LLC as financial advisor and Wachtell, Lipton, Rosen & Katz as independent legal counsel to evaluate these proposals.