other_material
confidence high
sentiment positive
materiality 0.75
Nine Energy emerges from Chapter 11 with $392.9M equity deficit; files final MOR
Nine Energy Service, Inc.
- Plan confirmed by Bankruptcy Court on March 4, 2026; effective March 5, 2026; company emerged from Chapter 11.
- Final MOR for Mar 1–4 shows cash $23.4M, total assets $36.6M, total liabilities $429.4M, equity deficit -$392.9M.
- Prepetition secured debt $319.5M; cumulative net loss since petition $63.1M ($13.9M in 4-day period).
- Reorganized debtor with 1,064 full-time employees; new capital structure under Plan.