other material
confidence high
sentiment neutral
materiality 0.55
Nine Energy enters $30M ATM equity distribution agreement with Piper Sandler
Nine Energy Service, Inc.
- Company may sell up to $30M of common stock in at-the-market offerings through agent Piper Sandler & Co.
- Agent will receive 3.0% commission on gross sales price; company reimburses certain expenses.
- Sales may be made on NYSE or in negotiated transactions at market prices, subject to company parameters.
- Prospectus supplement filed November 6, 2023; no obligation to sell any shares.