secwatch.observer — SEC 8-K summary
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Issuer:     Nine Energy Service, Inc. (NINE)
CIK:        0001532286
Form:       8-K
Filed at:   2026-03-10T23:59:59+00:00
Accession:  0001213900-26-025721
Event type: other_material
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 1.02, 1.03, 2.03, 3.02, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532286/000121390026025721/0001213900-26-025721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532286/000121390026025721/ea0280259-8k_nineenergy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-025721

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