Item 1.01: Entry into a Material Definitive Agreement – CoreCivic entered into one or more material definitive agreements on or around August 4, 2026 Item 2.01: Completion of Acquisition or Disposition of Assets – CoreCivic completed an acquisition or disposition of assets as of August 4, 2026 Item 7.01: Regulation FD Disclosure – CoreCivic made disclosures under Regulation Fair Disclosure on…

Our analysis rates this filing BEARISH. CoreCivic faces a HIGH concern level (7.6/10) driven by a fundamental and adverse business model transformation. The company has divested ~$734M in company-owned assets that generated recurring, stable revenue streams and converted to management-only…

Concern level: HIGH (7.6/10). Key factors: Five new high-severity risks identified with average severity 7.6/10, including two risks rated 9 and 8 respectively; Fundamental business model transformation: CoreCivic shifted from asset owner (recurring, stable revenue) to management contractor (terminable at will by ICE); Material asset base reduction of ~$734M (~15-20% of total assets) eliminates…

Notable risk changes: Material Asset Divestiture: CoreCivic sold two major company-owned facilities (2,633 beds total) for ~$734M to DHS, converting from asset owner to management contractor. This fundamentally shifts business model from recurring asset-based revenue to terminable management contracts.; Contract Termination Exposure: Company now explicitly discloses that management contracts can be terminated by ICE…

The model predicts CXW will underperform the S&P 500 by about 0.0% over 30 days (model confidence 65%). This is model analysis for research, not investment advice.