KLX Energy Services rights offering nears expiration as holders weigh share purchases at $1.49
KLXE•Rights offering nears expiration
KLX Energy Services neared expiration of its $125 million backstopped rights offering at 5:00 p.m. New York time on Sept. 23, 2026.
- Each subscription right permits purchase of 3 shares at a subscription price of $1.49 per share.
- Rights trading under symbol KLXER continues until the close on the expiration date.
- Unexercised subscription rights will expire and become worthless at the deadline.
- Exercise is capped at 9.995% beneficial ownership for non-backstop holders on a pro forma basis.
