{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/PYR",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# PYRUM INNOV.AG  NA O.N. (Xetra: PYR) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is PYRUM INNOV.AG NA O.N., listed on Xetra under ticker PYR, ISIN DE000A2G8ZX8, LEI 39120067WWD5WF229E72. The security type is Corporate, the segment is DEUTSCHLAND, and the jurisdiction is Germany (Handelsregister HRB). The sector is not on the record. The status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 4 filings in the twelve months from 2025-11-06 to 2026-11-06, all of type corporate_news, across 3 filing days. The median gap between filing days is 151.5 days. The latest filing is dated 2026-09-09, 58 days before the record date of 2026-11-06. On Xetra, the median filings count across 419 issuers is 6, the median cadence gap is 22.8 days, and the median latency is 5.5 days. Sector peer figures are not on the record for the DE market.\n\n## Auditor\n\nThe auditor is not on the record. The record carries the annual report link only, as a source link and not a read. The auditor's location and any auditor changes are not on the record.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, because no lifecycle type map exists yet for this register. The halt flag is listed, not halted.\n\n## Orderability\n\nThe outcome is ACM-200 for each client category: Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, and it is determinable for each. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 2 research houses: SMC Research and Edison Research.\n\n## Open research\n\nThe record holds 5 openly published research notes. SMC Research published notes dated 2026-07-03, 2026-01-15, 2025-05-22 and 2025-04-03. Edison Investment Research published a note with no date on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began date is not on the record.\n\n## Sources\n\n13 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/39120067WWD5WF229E72 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/PYR (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.pyrum.net/en/investor-relations/analyst-reports/ (coverage)\n- https://www.pyrum.net/wp-content/uploads/2026/09/2026-07-03-smc-comment-pyrum-english.pdf (open research)\n- https://www.pyrum.net/wp-content/uploads/2026-01-15-smc-comment-pyrum-english.pdf (open research)\n- https://www.pyrum.net/wp-content/uploads/2026/08/2025-05-22-smc-update-pyrum.pdf (open research)\n- https://www.pyrum.net/wp-content/uploads/2025-04-03-smc-comment-pyrum-english.pdf (open research)\n- https://www.pyrum.net/wp-content/uploads/2026/08/Edison_Research_Report.pdf (open research)\n- https://mcp.de-cm-kg.ai/record/XETRA/PYR (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "DE",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/PYR",
  "coverage": {
   "count": 2,
   "houses": [
    {
     "house": "SMC Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.pyrum.net/en/investor-relations/analyst-reports/",
     "state": "sourced"
    },
    {
     "house": "Edison Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "since": "2021-12-01",
     "source": "https://www.pyrum.net/en/investor-relations/analyst-reports/",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.pyrum.net/en/investor-relations/analyst-reports/",
     "result": "read: 2 of 4 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "stated per house where the page states it",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "corporate_news": 4
   },
   "cadence_median_gap_days": 151.5,
   "filing_days": 3,
   "filings": 4,
   "latency_days": 58,
   "latest": [
    {
     "category": "corporate",
     "date": "2026-09-09",
     "source": "https://www.eqs-news.com/news/corporate/pyrum-presents-new-corporate-identity/7f13f070-0b93-46c2-98b6-ecb26c8b128b_en",
     "title": "Pyrum presents new corporate identity - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2026-09-09",
     "source": "https://www.eqs-news.com/de/news/corporate/pyrum-praesentiert-neuen-markenauftritt/7f13f070-0b93-46c2-98b6-ecb26c8b128b_de",
     "title": "Pyrum präsentiert neuen Markenauftritt | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2026-02-05",
     "source": "https://www.eqs-news.com/news/corporate/pyrum-and-unipyrum-sign-engineering-contract-for-first-joint-venture-plant-start-of-next-project-phase-at-emleben-site/da913131-2286-43e7-83f1-4b5a23554d14_en",
     "title": "Pyrum and UniPyrum sign engineering contract for first joint venture plant: Start of next project phase at Emleben site | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2025-11-10",
     "source": "https://www.eqs-news.com/news/corporate/pyrum-innovations-ag-milestone-for-europes-circular-economy-eur-29-4-million-in-eu-funding-for-major-project-in-greece/8a9faa74-7bab-4e91-a5ca-8084835f4d7e_en",
     "title": "Pyrum Innovations AG: Milestone for Europe's circular economy – EUR 29.4 million in EU funding for major project in Greece | Corporate - EQS News",
     "type": "corporate_news"
    }
   ],
   "latest_filing_date": "2026-09-09",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/PYR",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
   },
   "isin": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE000A2G8ZX8"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/39120067WWD5WF229E72",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE000A2G8ZX8)",
    "state": "sourced",
    "value": "39120067WWD5WF229E72"
   },
   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "PYRUM INNOV.AG  NA O.N."
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "DEUTSCHLAND"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "PYR"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "DE",
  "node": "de-cm-kg",
  "numbers_hash": "sha256:7e8130b71e2ef938ecc71407d09b1f0af7d73d21903b439e79a5bfdbd6634a4f",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2026-07-03",
     "kind": "issuer-sponsored",
     "publisher": "SMC Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.pyrum.net/wp-content/uploads/2026/09/2026-07-03-smc-comment-pyrum-english.pdf",
     "state": "sourced",
     "title": "Research comment — Pyrum Innovations AG"
    },
    {
     "date": "2026-01-15",
     "kind": "issuer-sponsored",
     "publisher": "SMC Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.pyrum.net/wp-content/uploads/2026-01-15-smc-comment-pyrum-english.pdf",
     "state": "sourced",
     "title": "Research comment — Pyrum Innovations AG"
    },
    {
     "date": "2025-05-22",
     "kind": "issuer-sponsored",
     "publisher": "SMC Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.pyrum.net/wp-content/uploads/2026/08/2025-05-22-smc-update-pyrum.pdf",
     "state": "sourced",
     "title": "Research-Update — Pyrum Innovations AG"
    },
    {
     "date": "2025-04-03",
     "kind": "issuer-sponsored",
     "publisher": "SMC Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.pyrum.net/wp-content/uploads/2025-04-03-smc-comment-pyrum-english.pdf",
     "state": "sourced",
     "title": "Research comment — Pyrum Innovations AG"
    },
    {
     "date": null,
     "kind": "issuer-sponsored",
     "publisher": "Edison Investment Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.pyrum.net/wp-content/uploads/2026/08/Edison_Research_Report.pdf",
     "state": "sourced",
     "title": "Scale research report - Initiation"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Professionelle Kunden",
    "Privatkunden",
    "Geeignete Gegenparteien"
   ],
   "outcomes": {
    "Geeignete Gegenparteien": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.de-cm-kg.ai/record/XETRA/PYR",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:7e8130b71e2ef938ecc71407d09b1f0af7d73d21903b439e79a5bfdbd6634a4f",
 "path": "/de/XETRA/PYR",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is PYRUM INNOV.AG NA O.N., listed on Xetra under ticker PYR, ISIN DE000A2G8ZX8, LEI 39120067WWD5WF229E72. The security type is Corporate, the segment is DEUTSCHLAND, and the jurisdiction is Germany (Handelsregister HRB). The sector is not on the record. The status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 4 filings in the twelve months from 2025-11-06 to 2026-11-06, all of type corporate_news, across 3 filing days. The median gap between filing days is 151.5 days. The latest filing is dated 2026-09-09, 58 days before the record date of 2026-11-06. On Xetra, the median filings count across 419 issuers is 6, the median cadence gap is 22.8 days, and the median latency is 5.5 days. Sector peer figures are not on the record for the DE market.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor is not on the record. The record carries the annual report link only, as a source link and not a read. The auditor's location and any auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, because no lifecycle type map exists yet for this register. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is ACM-200 for each client category: Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, and it is determinable for each. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 2 research houses: SMC Research and Edison Research.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 5 openly published research notes. SMC Research published notes dated 2026-07-03, 2026-01-15, 2025-05-22 and 2025-04-03. Edison Investment Research published a note with no date on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record began date is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "13 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/39120067WWD5WF229E72"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/PYR"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.pyrum.net/en/investor-relations/analyst-reports/"
  },
  {
   "for": "open research",
   "source": "https://www.pyrum.net/wp-content/uploads/2026/09/2026-07-03-smc-comment-pyrum-english.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.pyrum.net/wp-content/uploads/2026-01-15-smc-comment-pyrum-english.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.pyrum.net/wp-content/uploads/2026/08/2025-05-22-smc-update-pyrum.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.pyrum.net/wp-content/uploads/2025-04-03-smc-comment-pyrum-english.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.pyrum.net/wp-content/uploads/2026/08/Edison_Research_Report.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/PYR"
  }
 ],
 "title": "PYRUM INNOV.AG  NA O.N. (PYR) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}