KLX Energy Services Rights Offering Expiring September 23, 2026
News related to:KLX Energy Services Holdings, Inc · 1 min read
HOUSTON, Sept. 18, 2026 /CourierPR/ -- KLX Energy Services Holdings, Inc., a growth-oriented provider of diversified oilfield services, is nearing the expiration of its $125 million backstopped rights offering. The offering, which began on August 24, 2026, is set to expire at 5:00 pm, New York City time, on September 23, 2026.
Each subscription right entitles the holder to purchase 3.885 shares of common stock at a subscription price of $1.49 per share. However, no holder, including its affiliates and any persons acting in concert with such holder, is entitled to exercise subscription rights to the extent that such exercise would result in beneficial ownership of more than 9.995% of the Company's outstanding common stock on a pro forma basis after giving effect to such exercise.
The rights offering was made pursuant to the Company's existing effective shelf registration statement on Form S-3 (Reg. No. 333-295905) on file with the Securities and Exchange Commission (SEC) and the prospectus supplement (and the accompanying base prospectus) filed with the SEC on August 24, 2026 (collectively, the "Prospectus"). The Prospectus provides detailed information about the rights offering and can be accessed through the SEC's website at www.sec.gov.
For holders whose shares of common stock are held in a brokerage account or are otherwise not registered directly with the Company, the deadline to exercise their subscription rights with their respective brokerage firms may be earlier. Information regarding specific broker-related deadlines should be obtained directly from the broker.
KLX Energy Services Holdings, Inc. is a provider of mission critical oilfield services focused on drilling, completion, production, and intervention activities for technically demanding wells from over 60 service and support facilities located throughout the United States. The company's complementary suite of proprietary products and specialized services is supported by technically skilled personnel and a broad portfolio of innovative in-house manufacturing, repair, and maintenance capabilities.