ChampionX completes merger with SLB; stockholders receive 0.735 SLB shares per CHX share

ChampionX Corp

Merger closed July 16, 2025; each ChampionX share converted into 0.735 shares of SLB common stock.
ChampionX credit agreement terminated and fully repaid in connection with merger closing.
ChampionX notified Nasdaq to delist its common stock; plans to file Form 15 to deregister.
All prior directors/officers resigned; new board from SLB appointed; Paul Sims becomes president.
Certificate of incorporation amended; ChampionX becomes indirect wholly owned subsidiary of SLB.

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