secwatch.observer — SEC 8-K summary
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Issuer:     TIDEWATER INC (TDW)
CIK:        0000098222
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001437749-22-026961
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tidewater prices 3.99M-share offering at $30.25; proceeds to buy back Banyan warrants
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- Public offering of 3,987,914 shares at $30.25/share for gross proceeds ~$120.6M.
- Net proceeds to repurchase all remaining Banyan warrants exercisable for same number of shares.
- Warrants were issued in April 2022 as part of Swire Pacific Offshore acquisition from Banyan.
- Morgan Stanley sole underwriter; offering closed Nov 10, 2022.
- After repurchase, zero Banyan warrants remain outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/98222/000143774922026961/0001437749-22-026961-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/98222/000143774922026961/tdw20221109_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-026961

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