---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-252096"
form_type: "8-K"
ticker: "NCSM"
cik: "0001692427"
company_name: "NCS Multistage Holdings, Inc."
filed_at: "2026-06-02T00:43:55+00:00"
generated_at: "2026-06-02T10:16:54.997105+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Weatherford to acquire NCS Multistage for 0.463 shares per NCS share; expected close H2 2026

## Summary
- NCS stockholders elect either 0.554 Weatherford shares or mix of 0.239 shares plus cash equivalent to 0.137 shares, blended ~0.463 shares per NCS share.
- Annual cost synergies of at least $15 million expected within 18 months; deal immediately accretive to adjusted free cash flow per share.
- Holders of >50% of NCS shares have consented; no stockholder vote required; both boards unanimously approved.
- Termination fees: Weatherford pays $9.7M if novation fails; NCS pays $5.5M if terminates for superior proposal.
- Closing subject to regulatory approvals and other conditions; expected in second half of 2026.

## SEC filing metadata
- accession: 0001193125-26-252096
- form_type: 8-K
- ticker: NCSM
- cik: 0001692427
- company_name: NCS Multistage Holdings, Inc.
- filed_at: 2026-06-02T00:43:55+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 5.07, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692427/000119312526252096/0001193125-26-252096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692427/000119312526252096/d23867d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-252096
- JSON: https://secwatch.observer/filing/0001193125-26-252096.json
- Plain text: https://secwatch.observer/filing/0001193125-26-252096.txt

## Source-grounded claims
- claim_id: 3495d96d319607153ff8779bce17a2229b904f63
  claim: NCS Multistage Holdings, Inc. entered into Agreement and Plan of Merger with Weatherford International plc, Trinity Bell Sub, Inc. (effective 2026-05-31).
  evidence_excerpt: On May 31, 2026, NCS Multistage Holdings, Inc., a Delaware corporation (“ NCS ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), by and among NCS, Weatherford International plc, an Irish public limited company (“ Weatherford ”), and Trinity Bell Sub, Inc., a Delaware corporation and wholly owned subsidiary of Weatherford (“ Merger Sub ”), pursuant to which, upon the terms and subject to the conditions set forth therein, Merger Sub will merge with and into NCS (the “ Merger ”), with NCS surviving the Merger as a wholly owned subsidiary of Weatherford.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692427/000119312526252096/0001193125-26-252096-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.