secwatch.observer — SEC 8-K summary
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Issuer:     TIDEWATER INC (TDW)
CIK:        0000098222
Form:       8-K
Filed at:   2022-03-10T23:59:59+00:00
Accession:  0001437749-22-005766
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tidewater acquires Swire Pacific Offshore for $42M cash + 8.1M warrants
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- Purchase consideration: $42M cash (subject to customary closing adjustments) and 8,100,000 warrants to buy Tidewater common stock at $0.001 per share.
- Warrants exercisable for up to 25 years; terms substantially similar to Tidewater's existing New Creditor Warrants.
- Closing conditions include accuracy of representations, absence of material adverse effect, no legal prohibition, and US Coast Guard determination on the warrants.
- Transaction expected to close by July 9, 2022 unless extended; both parties have customary termination rights.
- Warrants issued in a private placement exempt under Section 4(a)(2) of the Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/98222/000143774922005766/0001437749-22-005766-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/98222/000143774922005766/tdw20220309_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-005766

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