{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/PZS",
 "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# SCHERZER U. CO. AG O.N. (Xetra: PZS) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is SCHERZER U. CO. AG O.N., listed on Xetra under ticker PZS, ISIN DE0006942808, LEI 529900L5AIT07HWHCJ66. Its security type is Corporate, its segment is DEUTSCHLAND, and its jurisdiction is Germany (Handelsregister HRB). The sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Its status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 15 filings in the window 2025-11-06 to 2026-11-06, across 12 filing days. The median gap between filing days is 4 days. The latest filing is dated 2026-10-31, type corporate_news, 6 days before the record date of 2026-11-06. Filings by type are: ad_hoc 1, corporate_news 8, directors_dealings 1, exchange_bulletin 4, major_holder 1. For Xetra, the exchange peers number 419 issuers with a median of 6 filings, a median cadence gap of 22.8 days, and a median latency of 5.5 days. The sector peer figures are not on the record for DE.\n\n## Auditor\n\nThe auditor of record is not on the record. The record carries the annual report link only, as a source link and not a read. The auditor location and any auditor changes are not on the record, as no lifecycle type map exists for this register yet.\n\n## Events and halts\n\nThe listing, delisting, name change, domicile change and segment move lines are not on the record, as no lifecycle type map exists for this register yet. The halt flag is listed, not halted.\n\n## Orderability\n\nThe outcome for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien is signal ACM-200, determinable in each case. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with the chapter as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the investor-relations pages read, so the count is 0.\n\n## Open research\n\nOne openly published research note is on the record, by Edison Investment Research, dated 2017-04-11.\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 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\n8 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/529900L5AIT07HWHCJ66 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/PZS (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.edisongroup.com/research/investing-in-special-situations/18524/ (open research)\n- https://mcp.de-cm-kg.ai/record/XETRA/PZS (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/PZS",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_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": {
    "ad_hoc": 1,
    "corporate_news": 8,
    "directors_dealings": 1,
    "exchange_bulletin": 4,
    "major_holder": 1
   },
   "cadence_median_gap_days": 4,
   "filing_days": 12,
   "filings": 15,
   "latency_days": 6,
   "latest": [
    {
     "category": "net-asset-value",
     "date": "2026-10-31",
     "source": "https://www.eqs-news.com/news/net-asset-value/scherzer-co-ag-net-asset-value-zum-31-10-2026/4764f5a0-4d94-4f5d-ad69-10907ff20fef_de",
     "title": "Scherzer & Co. AG: Net Asset Value zum 31.10.2026 | Net Asset Value - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2026-10-31",
     "source": "https://www.eqs-news.com/de/news/corporate/scherzer-co-ag-veroeffentlicht-angebotsunterlage-fuer-freiwilliges-oeffentliches-aktienrueckkaufangebot/4edf6ba1-16d0-4e13-9f98-f9ab0e244b5c_de",
     "title": "Scherzer & Co. AG veröffentlicht Angebotsunterlage für ...",
     "type": "corporate_news"
    },
    {
     "category": "corporate",
     "date": "2026-10-30",
     "source": "https://www.eqs-news.com/news/corporate/scherzer-co-ag-veroffentlicht-angebotsunterlage-fur-freiwilliges-offentliches-aktienruckkaufangebot/4edf6ba1-16d0-4e13-9f98-f9ab0e244b5c_de",
     "title": "Scherzer & Co. AG veröffentlicht Angebotsunterlage für ...",
     "type": "corporate_news"
    },
    {
     "category": "other-capital-market-information",
     "date": "2026-10-26",
     "source": "https://www.eqs-news.com/news/other-capital-market-information/scherzer-co-ag-veroffentlichung-einer-kapitalmarktinformation/1c586001-fd24-4231-98af-6d43d96560c1_de",
     "title": "Scherzer & Co. AG: Veröffentlichung einer ...",
     "type": "exchange_bulletin"
    },
    {
     "category": "ad-hoc",
     "date": "2026-10-22",
     "source": "https://www.eqs-news.com/news/ad-hoc/scherzer-co-ag-beschliest-freiwilliges-offentliches-aktienruckkaufangebot-fur-bis-zu-1-000-000-aktien-aussetzung-des-laufenden-borslichen-aktienruckkaufs-bis-auf-weiteres/f2a04c81-9de6-4635-bee6-7c3334b271dc_de",
     "title": "Scherzer & Co. AG beschließt freiwilliges öffentliches ...",
     "type": "ad_hoc"
    }
   ],
   "latest_filing_date": "2026-10-31",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/PZS",
   "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": "DE0006942808"
   },
   "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/529900L5AIT07HWHCJ66",
    "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 DE0006942808)",
    "state": "sourced",
    "value": "529900L5AIT07HWHCJ66"
   },
   "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": "SCHERZER U. CO. AG 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": "PZS"
   },
   "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": "sha256:83b58c8f0a2ca95c3fc42da77f3ae2782e678eae855365ed4690769a61e5b067",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2017-04-11",
     "kind": "issuer-sponsored",
     "publisher": "Edison Investment Research",
     "read_by": "the note's own page, fetched by this rail",
     "read_date": "2026-11-12",
     "source": "https://www.edisongroup.com/research/investing-in-special-situations/18524/",
     "state": "sourced",
     "title": "Scherzer & Co — Investing in special situations"
    }
   ],
   "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/PZS",
   "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": "sha256:83b58c8f0a2ca95c3fc42da77f3ae2782e678eae855365ed4690769a61e5b067",
 "path": "/de/XETRA/PZS",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is SCHERZER U. CO. AG O.N., listed on Xetra under ticker PZS, ISIN DE0006942808, LEI 529900L5AIT07HWHCJ66. Its security type is Corporate, its segment is DEUTSCHLAND, and its jurisdiction is Germany (Handelsregister HRB). The sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Its status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 15 filings in the window 2025-11-06 to 2026-11-06, across 12 filing days. The median gap between filing days is 4 days. The latest filing is dated 2026-10-31, type corporate_news, 6 days before the record date of 2026-11-06. Filings by type are: ad_hoc 1, corporate_news 8, directors_dealings 1, exchange_bulletin 4, major_holder 1. For Xetra, the exchange peers number 419 issuers with a median of 6 filings, a median cadence gap of 22.8 days, and a median latency of 5.5 days. The sector peer figures are not on the record for DE.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record. The record carries the annual report link only, as a source link and not a read. The auditor location and any auditor changes are not on the record, as no lifecycle type map exists for this register yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The listing, delisting, name change, domicile change and segment move lines are not on the record, as no lifecycle type map exists for this register yet. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien is signal ACM-200, determinable in each case. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with the chapter as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the investor-relations pages read, so the count is 0.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "One openly published research note is on the record, by Edison Investment Research, dated 2017-04-11.",
   "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 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": "8 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/529900L5AIT07HWHCJ66"
  },
  {
   "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/PZS"
  },
  {
   "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": "open research",
   "source": "https://www.edisongroup.com/research/investing-in-special-situations/18524/"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/PZS"
  }
 ],
 "title": "SCHERZER U. CO. AG O.N. (PZS) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}