Montrose Environmental Group, Inc.

Onterris, Inc.'s Board of Directors declared a dividend of one preferred share purchase right for each common share, payable on August 17, 2026, to stockholders of record on that date. This action is part of a Rights Agreement, often referred to as a "poison pill," designed to protect shareholder value by making hostile takeovers more difficult. Each right allows the holder to purchase a fraction of a Series B Preferred Stock at a price of $105.00, subject to adjustment. The rights will separate and become exercisable if a person or group acquires 15% or more of the outstanding common shares.

Onterris, Inc. announced that its Board of Directors declared a dividend of one preferred share purchase right for each outstanding common share, payable on August 17, 2026. This action is part of a newly adopted Rights Agreement, often referred to as a "poison pill," designed to protect shareholder value by deterring hostile takeovers. The rights will become separately tradable and exercisable if a person or group acquires 15% or more of the company's common shares, allowing existing shareholders to purchase additional preferred shares at a specified price.

Onterris, formerly Montrose Environmental Group, Inc., reported a narrowed net loss of $(12.69) million for Q1 2026, an improvement from $(19.36) million in Q1 2025. However, revenues declined to $168.52 million from $177.83 million year-over-year, and net cash used in operating activities turned negative at $(11.64) million. The company also announced a segment realignment and repurchased $9.999 million in common stock.

Onterris, Inc. reported first-quarter 2026 financial results, with revenue decreasing to $168.5 million primarily due to lower emergency response and weather-related impacts. Despite this, net loss improved to $12.7 million, and diluted adjusted EPS increased to $0.12. The company reiterated its full-year 2026 guidance for revenue and Adjusted EBITDA and announced its rebranding from Montrose Environmental Group, Inc. to Onterris, Inc., alongside a segment realignment.

Montrose Environmental Group, Inc. adopted Amended and Restated Bylaws, effective April 19, 2026. These amendments update provisions related to stockholder meetings, including giving the Board of Directors the ability to postpone or cancel annual meetings. Additionally, the bylaws now specify that special meetings can be called by the Board, Chairman, or CEO with Board concurrence, or by stockholders owning at least 45% of the voting power, subject to new definitions of share ownership.