other material
confidence high
sentiment neutral
materiality 0.40
KLX Energy rights offering expires Sept 23; $125M offering at $1.49/share
KLX Energy Services Holdings, Inc.
- Rights offering of $125M expires 5:00 p.m. ET on September 23, 2026; rights trade as KLXER until then.
- Each right buys 3.885 common shares at $1.49 per share; unexercised rights expire worthless.
- Exercise limited to 9.995% beneficial ownership pro forma, except for backstop parties.
- Broker deadlines may be earlier; holders with street-name shares must instruct brokers directly.
- Offering made under Form S-3 (333-295905) with prospectus supplement filed Aug 24, 2026.