secwatch.observer — SEC 8-K summary
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Issuer:     EXPRO GROUP HOLDINGS N.V. (XPRO)
CIK:        0001575828
Form:       8-K
Filed at:   2021-10-01T23:59:59+00:00
Accession:  0001193125-21-289897
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 5.02, 1.02, 2.01, 2.03, 2.04, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Expro-Frank's International merger completed; combined co. to trade as XPRO on Oct 4
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- Merger closed Oct 1, 2021; Expro shareholders get 1.2120 shares of combined co. per share, with 1:6 reverse stock split.
- Combined company to trade on NYSE under new ticker XPRO starting Oct 4, 2021.
- New $200M senior secured revolving credit facility entered; $130M cash drawings, $70M letters of credit, expandable to $250M.
- Michael Jardon appointed President & CEO; Quinn Fanning appointed CFO; prior CEO Michael Kearney remains Chairman.
- Board reconstituted with nine directors; LTIP amended and restated; prior credit facility terminated with $15M settlement payment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575828/000119312521289897/0001193125-21-289897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575828/000119312521289897/d181309d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-289897

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