secwatch.observer — SEC 8-K summary
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Issuer:     KLX Energy Services Holdings, Inc. (KLXE)
CIK:        0001738827
Form:       8-K
Filed at:   2026-08-24T10:24:02+00:00
Accession:  0001193125-26-361735
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1738827/000119312526361735/0001193125-26-361735-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1738827/000119312526361735/d454213d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-361735

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