other material
confidence medium
sentiment neutral
materiality 0.40
Expro files pro forma financials for 2021 merger and plans S-3 registration
EXPRO GROUP HOLDINGS N.V.
- Pro forma statement of operations for FY 2021 assumes merger with Legacy Expro closed Oct 1, 2021.
- Merger treated as reverse acquisition; former Legacy Expro shareholders own ~65% of combined company.
- Company intends to file Form S-3 to register indeterminate amount of common stock and other securities.
- Combined company's CEO, CFO, COO all from Legacy Expro; 6 of 9 board seats held by Legacy Expro designees.