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National Energy Services Reunited Corp. Announces Completion of Exchange Offer and Consent Solicitation and Notice to Exercise Right to Exchange Remaining Outstanding Warrants
HOUSTON, TX / ACCESS Newswire / July 3, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), an
About this update from National Energy Services Reunited Corp
[{"type":"text","content":"HOUSTON, TX / ACCESS Newswire / July 3, 2025 / National Energy Services Reunited Corp. (\"NESR\" or the \"Company\") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa (\"MENA\") region, announced today the completion of its previously announced exchange offer (the \"Offer\") and consent solicitation (the \"Consent Solicitation\") relating to its outstanding warrants (the \"Warrants\") to purchase ordinary shares of the Company, no par value (the \"Ordinary Shares\"). The Company issued 3,413,645 Ordinary Shares in exchange for the Warrants tendered in the Offer.The Company also entered into the related amendment to the warrant agreement governing the Warrants (the \"Warrant Amendment\") and announced that it will exercise its right, in accordance with the terms of the Warrant Amendment, to exchange all remaining untendered Warrants at an exchange ratio of 0.09 Ordinary Shares for each Warrant. The Company has fixed the date for such exchange as July 18, 2025.As a result of the completion of the Exchange Offer and the upcoming exchange for the remaining untendered Warrants, no Warrants will remain outstanding. Accordingly, the Warrants are expected to be suspended from trading on Nasdaq and be delisted. The Ordinary Shares will continue to be listed and trade on Nasdaq under the symbol NESR.The Company engaged BTIG, LLC as the dealer manager for the Offer and Consent Solicitation. Sodali & Co. served as the information agent for the Offer and Consent Solicitation, and Continental Stock Transfer & Trust Company served as the exchange agent.# # #Cautionary Statement Regarding Forward-Looking StatementsStatements contained in this press release that are not historical fact may be forward-looking within the meaning of Section 27A of the Securities Act of 1933 (as amended, the \"Securities Act\") and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements may relate to, among other things, the Company's expectations regarding the exchange offer and consent solicitation. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties. Additional factors that could cause actual results to differ materially from those projected or sugges...