secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001193125-24-268359
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innovex acquires 80% of Downhole Well Solutions for $103.7M ($68M cash + stock)
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- Purchase price $103.7M: $68M cash and 1,918,558 shares of Innovex common stock.
- DWS offers drilling optimization and friction reduction tools for US Land markets; founded 2019.
- $4M of purchase price held back for patent litigation (Impulse Downhole Solutions case).
- Innovex previously held minority stake; CEO says acquisition adds industry-leading technology.
- DWS management sees international expansion opportunities through Innovex platform.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000119312524268359/0001193125-24-268359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000119312524268359/d882226d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-268359

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer