secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ranger Energy Services, Inc. (RNGR)
CIK:        0001699039
Form:       8-K
Filed at:   2021-10-04T23:59:59+00:00
Accession:  0001699039-21-000105
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 3.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ranger completes $36.65M acquisition of Basic Energy assets and $42M preferred stock placement
--------------------------------------------------------------------------------

- Acquired Basic Energy Services well servicing, fishing/rental, coiled tubing assets for $36.65M cash plus assumed liabilities.
- Closed $42M private placement of Series A Convertible Preferred Stock to accredited investors.
- Entered new $77.5M credit facility with Eclipse Business Capital ($50M revolver, $12.5M M&E term loan, $15M term loan B).
- Redeemed all outstanding Class B common stock for Class A shares; no Class B shares remain outstanding.
- Filed Certificate of Designations creating Series A Convertible Preferred Stock with liquidation preference of $7.00 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699039/000169903921000105/0001699039-21-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699039/000169903921000105/rng-20211001.htm
  HTML page:      https://secwatch.observer/filing/0001699039-21-000105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer