KLX Energy commences rights offering at $1.49/share; 3.885 shares per right

KLX Energy Services Holdings, Inc.

Record date Aug 21, 2026; eligible holders are common stock and warrant holders (warrants dated 3/12/25, 3/6/26, 3/11/26).
Each right purchases 3.885 shares at $1.49; expires 5:00 p.m. ET on Sept 23, 2026.
Up to $31M of gross proceeds for fees and general corporate purposes; excess repurchases 2030 Notes at par.
Rights trade on Nasdaq under 'KLXER' from Aug 24, 2026 until expiration; 9.995% ownership limitation applies.
Backstop agreement with 2030 Note holders previously disclosed on Aug 10, 2026.

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