other material
confidence high
sentiment neutral
materiality 0.50
TETRA sells 1.5M Standard Lithium shares for ~$16.8M; realizes $4.6M gain in Q4
TETRA TECHNOLOGIES INC
- Sold 1,498,000 of 1,600,000 Standard Lithium Ltd. shares at avg. $11.22/share, gross $16.8M.
- Realized $4.6M pre-tax gain in Q4; also converted $10.2M prior unrealized gains to realized.
- Proceeds to reduce term loan balance and for general corporate purposes.
- Retains 102,000 remaining Standard Lithium shares (6.375% of original stake).
- Sale executed over 24 trading days in open market.