locked (band: constrained-to-locked) — mid-acquisition by a strategic buyer (UHS), stockholder vote ALREADY passed (2026-05-29), expected close Q3 2026, $32.4M termination fee disclosed. Per the wave-G recipe, this is a textbook locked case: the board is executing a sale under a signed, shareholder-approved agreement, not deploying capital independently. The only residual freedom is regulatory/closing-condition risk (a deal could still in principle fail to close), which is why 'locked' is read as the practical state rather than an absolute one.

high confidence · as of 2026-07-28 · about Talkspace