secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K
Filed at:   2024-09-06T23:59:59+00:00
Accession:  0001193125-24-215264
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 3.03, 5.01, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Dril-Quip and Innovex merger closes; combined co. renamed Innovex International, Inc. (INVX)
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- Pre-Merger Innovex shareholders received ~32.2M shares; combined co. owned 52% by Dril-Quip holders, 48% by Innovex.
- Board expanded to nine; five new directors from Pre-Merger Innovex; Amberjack gets designee rights tied to ownership.
- Entered $110M revolver and ~$30M term loan with PNC, matures June 2026; total leverage ratio covenant ≤2.50x.
- Registration rights agreement with Amberjack affiliates; shelf registration to be filed within 10 business days.
- Indemnification agreements entered with all directors; credit facility jointed by company and subsidiaries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000119312524215264/0001193125-24-215264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000119312524215264/d802924d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-215264

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