other
confidence high
sentiment neutral
materiality 0.50
KLX Energy Services expands ATM program to $57.75M total, with $25M remaining capacity under Amendment No. 2
KLX Energy Services Holdings, Inc.
- Board approved increase in ATM program to ~$57.75M (including prior sales); remaining capacity of $25M.
- Company previously sold 4,183,513 shares at weighted avg $7.83, netting ~$31.8M in proceeds.
- Amendment No. 2 to Equity Distribution Agreement executed March 14, 2025 with Piper Sandler.
- Prospectus supplement to be filed for offer and sale of up to $25M of common stock.