Nine Energy emerges from Chapter 11; old equity canceled, new common issued to noteholders

Nine Energy Service, Inc.

Plan confirmed March 4; became effective March 5. Old common stock (43.3M shares) canceled for no consideration.
Issued ~13.95M shares of new common stock to former senior secured noteholders, who now hold 100%.
Entered $135M exit ABL facility with White Oak; bears SOFR+3.5-4.0% plus 0.5% for certain borrowings.
Board of directors replaced: Ann Fox, Joey Hall, Darryl Willis re-appointed; new directors Bartels, Esslemont, Hawks added.
As of Dec 31, 2025, total assets $339.5M, total liabilities $454.4M (from 10-K filed same day).

item 1.01 item 1.02 item 1.03 item 2.03 item 3.02 item 3.03 item 5.01 item 5.02 item 5.03 item 9.01

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