Dril-Quip withdraws charter amendment proposal for Innovex merger; waives condition

Innovex International, Inc.

Waiver executed Aug 25, 2024: charter amendment (Proposal 2) and governance proposals (3A-F) withdrawn from Sep 5 special meeting.
Approval of stock issuance proposal (Proposal 1) is now the only stockholder condition to close the merger.
Dril-Quip board unanimously recommends voting FOR remaining proposals; merger remains on track.
Decision follows shareholder feedback on governance provisions; parties aim to increase likelihood of closing.

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