other material
confidence high
sentiment neutral
materiality 0.60
Oil States settles GEODynamics acquisition dispute for $10M cash plus 1.9M shares
OIL STATES INTERNATIONAL, INC
- Settlement with HCperf Holdings resolves $17.5M promissory note and accrued interest from GEODynamics acquisition.
- Company to pay $10M cash and issue 1,909,722 shares of common stock to seller within five business days.
- Shares issued in unregistered transaction under Section 4(a)(2) of the Securities Act.
- Registration Rights Agreement filed to permit resale of issued shares.