Company Overview - ARKO Corp. is a Fortune 500 company based in Richmond, VA, and is one of the largest operators of convenience stores and wholesalers of fuel in the United States [5] - ARKO operates through its majority ownership of ARKO Petroleum Corp. in four reportable segments: retail, wholesale, fleet fueling, and GPM Petroleum [5] - ARKO Petroleum Corp. is a growth-oriented fuel distribution company and one of the largest wholesale fuel distributors by gallons in North America, serving customers in over 30 states [6] IPO Details - ARKO Petroleum Corp. closed its initial public offering (IPO) on February 13, 2026, offering 11,111,111 shares of Class A common stock at a price of $18.00 per share [1] - The total net proceeds from the IPO were approximately $183.2 million, with underwriters granted a 30-day option to purchase an additional 1,666,666 shares [1] - Upon closing, ARKO owned 35,000,000 shares of APC's Class B common stock, representing 75.9% of the economic interests in APC and 94.0% of the combined voting power [1]

Core Viewpoint - ARKO Corp. will host a conference call on February 25, 2026, to discuss its financial results for Q4 and the full year ended December 31, 2025 [1][2]. Group 1: Conference Call Details - The conference call is scheduled for February 25, 2026, at 5:00 p.m. Eastern Time [1][2]. - A press release with financial results will be provided prior to the call [2]. - Participants are encouraged to register at least 15 minutes before the start time [3]. Group 2: Company Overview - ARKO Corp. is a Fortune 500 company and one of the largest operators of convenience stores and fuel wholesalers in the U.S. [4]. - The company operates in four reportable segments: retail, wholesale, fleet fueling, and GPM Petroleum [4]. - The retail segment includes convenience stores selling merchandise and fuel products to customers [4].

Market Overview - The public market for 2026 appeared stable until recent advancements in enterprise AI raised concerns among investors regarding the software-as-a-service (SaaS) industry's assumptions [2][3] - A significant selloff occurred, with notable declines in major SaaS companies: Salesforce down over 3%, Adobe down 3%, Docusign down 5.5%, and Workday down more than 10% over five days [3] Industry Concerns - The term "SaaSpocalypse" has emerged, highlighting the uncertainty in the SaaS sector as the industry lacks a clear strategy for monetizing enterprise AI [3] - Experts suggest that the traditional reliance on software execution as a competitive advantage is diminishing, as the cost of software development approaches zero [4] Future Implications - The long-term impact of AI on SaaS revenue is uncertain, with potential losses amounting to hundreds of billions or even trillions of dollars [5] - The prevailing sentiment indicates that the current market reaction may be exaggerated, but the fundamental question remains whether AI will significantly disrupt SaaS [5] Venture Capital Activity - Anthropic raised $30 billion in Series G funding, indicating strong investor interest in AI companies [7] - Other notable funding rounds include Talkiatry with $210 million in Series D funding and Simile with $100 million, reflecting ongoing investment in AI and related technologies [8]

Group 1 - The article promotes a premium service called "Value in Corporate Events" that focuses on major corporate events such as earnings reports, M&A, and IPOs, providing actionable investment ideas [1] - The service aims to cover 10 major events each month, helping investors identify the best opportunities in the market [1] Group 2 - The article emphasizes the expertise of the leader of the investing group, who has a Master of Science in financial markets and a decade of experience in tracking companies through catalytic events [1]

Core Viewpoint - ARKO Corp. and its subsidiary ARKO Petroleum Corp. have announced the pricing of APC's initial public offering (IPO) at $18.00 per share, with trading expected to commence on February 12, 2026 [1] Company Overview - ARKO Corp. is a Fortune 500 company and one of the largest operators of convenience stores and fuel wholesalers in the United States, operating in four segments: retail, wholesale, fleet fueling, and GPM Petroleum [6] - ARKO Petroleum Corp. is a growth-oriented fuel distribution company and one of the largest wholesale fuel distributors by gallons in North America, serving customers in over 30 states [7] IPO Details - The IPO consists of 11,111,111 shares of Class A common stock, with an option for underwriters to purchase an additional 1,666,666 shares [1] - Upon completion of the IPO, ARKO is expected to own 35,000,000 shares of APC's Class B common stock, representing 75.9% of economic interests and 94.0% of combined voting power [2] - The IPO is being managed by UBS Investment Bank, Raymond James, and Stifel as lead book-running managers, with Mizuho and Capital One Securities as joint book-running managers [3] Regulatory Information - A registration statement on Form S-1 was declared effective by the U.S. Securities and Exchange Commission on February 11, 2026 [4]

Group 1 - ARKO Corp. closed at $6.64, with a +1.07% change, underperforming the S&P 500's 1.97% gain on the same day [1] - Over the past month, ARKO Corp. shares have appreciated by 41.6%, significantly outperforming the Consumer Staples sector's gain of 12.76% and the S&P 500's loss of 1.49% [1] Group 2 - ARKO Corp. is expected to report an EPS of -$0.01, which is a 66.67% improvement from the prior-year quarter, with a revenue estimate of $1.81 billion, down 9.03% from the prior-year quarter [2] - For the full year, earnings are projected at $0.13 per share and revenue at $7.66 billion, reflecting no change in earnings and a -12.26% decline in revenue from the previous year [3] Group 3 - Recent adjustments to analyst estimates for ARKO Corp. are important as they reflect short-term business trends, with positive revisions indicating a favorable outlook on business health and profitability [4] - The Zacks Rank system, which includes estimate changes, has a strong track record of outperforming, with stocks rated 1 producing an average annual return of +25% since 1988; ARKO Corp. currently holds a Zacks Rank of 3 (Hold) [5][6] Group 4 - ARKO Corp. has a Forward P/E ratio of 54.75, which is significantly higher than the industry average of 19.78, indicating that ARKO Corp. is trading at a premium [7] - The Consumer Products - Staples industry, part of the Consumer Staples sector, currently has a Zacks Industry Rank of 170, placing it in the bottom 31% of over 250 industries [7][8]

Core Insights - ARKO Corp. has opened a new Handy Mart store in Garner, North Carolina, featuring its fas craves food concept, marking its second New-to-Industry (NTI) store and fifth fas craves location overall [7][8] - The fas craves concept aims to enhance the convenience retail experience by offering high-quality grab-and-go food options tailored for on-the-go customers [9][12] - The new store includes an expanded menu with various food items and beverages, including breakfast sandwiches, chicken wings, and customizable drinks like dirty soda [10][11] Company Overview - ARKO Corp. is a Fortune 500 company and one of the largest convenience store operators in the United States, based in Richmond, Virginia [16] - The company operates in four segments: retail, wholesale, fleet fueling, and GPM Petroleum, providing a wide range of products and services [16] Customer Engagement - The company has introduced a free loyalty program, fas REWARDS, which offers savings on fuel and in-store purchases, allowing members to save up to $2.50 per gallon [14][15] - The fas REWARDS program enhances customer experience by providing personalized offers and better pricing for members [15]

Core Insights - Leigh Marie Braswell, a partner at Kleiner Perkins, has emerged as a notable figure in venture capital, particularly in the AI sector, despite her unconventional entry into the field [2][3] - Braswell's investment strategy is influenced by her background in poker, emphasizing the importance of tracking probabilities and making informed decisions in uncertain environments [5] Company and Industry Highlights - Braswell began her venture capital journey by angel investing in 2020, with her first investment in Ambience Healthcare, which is now valued at $1.1 billion [2] - At Kleiner Perkins, Braswell has been instrumental in backing significant AI deals, including Windsurf (an Alphabet acquihire) and Neon (acquired by Databricks), showcasing her impact in the venture capital landscape [3] - The current portfolio at Kleiner Perkins under Braswell includes companies like Nooks, Convoke, Reevo, Avoca, and Forge, indicating her diverse investment interests [3] - The venture capital firm Kleiner Perkins is undergoing a turnaround, led by Mamoon Hamid and Ilya Fushman, with Braswell being recognized as a rising star within the firm [2]

Group 1 - ARKO Corporation's subsidiary, ARKO Petroleum Corporation, has launched an initial public offering (IPO) of its Class A shares, offering 10.500 million shares [1] - The IPO price is expected to be in the range of $18 to $20 per share, with an option for underwriters to purchase an additional 1.575 million shares [1] - ARKO Petroleum has applied to list its Class A shares on the Nasdaq under the symbol "APC" [2] Group 2 - ARKO Corporation's stock was up by 2.14% at $5.72 in pre-market trading on the Nasdaq [2]

Table of Contents As filed with the Securities and Exchange Commission on February 3, 2026. Registration No. 333-292265 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ARKO Petroleum Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 5172 39-3168808 (Primary Standard Industrial Classification Code Number) (I.R.S. Employe ...