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KLX Energy Services Holdings, Inc. 8-K Analysis & Summary – 3/14/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

KLX Energy Services Holdings, I
,

Filing date:

03/14/2025

TLDR:

KLX Energy Services Holdings, Inc. entered into Amendment No. 2 to its Equity Distribution Agreement, increasing the ATM Offering Program size to approximately $57.75 million.

ELI5:

KLX Energy is increasing the amount of stock they can sell on the market to raise money. They’ve updated their agreement with the sales agent to reflect this change and will be selling up to $25 million worth of shares.

Accession #:

0001193125-25-054870

Published on

Analyst Summary

  • KLX Energy Services Holdings, Inc. amended its Equity Distribution Agreement with Piper Sandler & Co.
  • Amendment No. 2 increases the ATM Offering Program size to approximately $57.75 million, with $25 million remaining capacity.
  • The company will file a prospectus supplement to cover the offer and sale of up to $25 million of shares of Common Stock.
  • From June 14, 2021 to June 11, 2024, the Company sold a total of 4,183,513 shares of Common Stock at a weighted average price of $7.83 per share under the ATM Offering Program, resulting in net proceeds of approximately $31.8 million.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️