---
schema_version: "secwatch.filing_event.v1"
accession: "0001679268-24-000071"
form_type: "8-K"
ticker: "TUSK"
cik: "0001679268"
company_name: "MAMMOTH ENERGY SERVICES, INC."
filed_at: "2024-10-21T23:59:59+00:00"
generated_at: "2026-05-30T12:22:19.127891+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Mammoth receives $18.4M from PREPA settlement; enters letter of credit agreement

## Summary
- Cobra received $18.4M from PREPA, bringing total settlement proceeds received to $168.4M of $188.4M.
- Remaining $20M is payable within seven days after PREPA's plan of adjustment effective date.
- Mammoth amended its credit agreement and entered a reimbursement agreement with Fifth Third Bank for an $18.4M letter of credit to PREPA.
- $19.3M placed in restricted cash as 105% collateral for the letter of credit.
- CEO Arty Straehla says company has significant cash, no debt, and will pursue accretive opportunities.

## SEC filing metadata
- accession: 0001679268-24-000071
- form_type: 8-K
- ticker: TUSK
- cik: 0001679268
- company_name: MAMMOTH ENERGY SERVICES, INC.
- filed_at: 2024-10-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679268/000167926824000071/0001679268-24-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679268/000167926824000071/tusk-20241016.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679268-24-000071
- JSON: https://secwatch.observer/filing/0001679268-24-000071.json
- Plain text: https://secwatch.observer/filing/0001679268-24-000071.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.