Nuverra Environmental Solutions, Inc. (OTCMKTS:NESC) Files An 8-K Other EventsItem 8.01OTHER EVENTS
On November 29, 2018, Nuverra Environmental Solutions, Inc. (the “Company”) issued a press release announcing that the Company has established December 10, 2018 as the record date (the “Record Date”) for the Company’s previously announced rights offering. to the rights offering, the Company plans to dividend to its holders of common stock as of the Record Date, on a pro rata basis, subscription rights to purchase shares of the Company’s common stock with an aggregate offering price of $32.5 million (the “Rights Offering”). The exercise price for shares of common stock issuable upon exercise of subscription rights in the Rights Offering will be $9.61 per share. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The Company has filed a Registration Statement on Form S-1 (the “Registration Statement”) with the Securities and Exchange Commission relating to the Rights Offering. The Company expects the Registration Statement will be declared effective on or before the Record Date.
The Rights Offering, which will commence following the effectiveness of the Registration Statement, will only be made by means of a prospectus. These securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This Current Report on Form 8-K does not constitute an offer to sell or the solicitation of any offer to buy any securities, nor will there be any sale of securities in any state or other jurisdiction in which any such offer, solicitation or sale would be unlawful.
Item 9.01.FINANCIAL STATEMENTS AND EXHIBITS.
(d)Exhibits
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Exhibit Number |
Description |
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99.1 |
Press Release, dated November 29, 2018 |
EXHIBIT INDEX
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Exhibit Number |
Description |
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99.1 |
Press Release, dated November 29, 2018
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Nuverra Environmental Solutions, Inc. ExhibitEX-99.1 2 ex991nuverrarecorddatepr.htm EXHIBIT 99.1 Exhibit NUVERRA ANNOUNCES RIGHTS OFFERING RECORD DATE OF DECEMBER 10,…To view the full exhibit click here
About Nuverra Environmental Solutions, Inc. (OTCMKTS:NESC)
Nuverra Environmental Solutions, Inc. (Nuverra) provides environmental solutions to customers focused on the development and production of oil and natural gas from shale formations. The Company’s environmental solutions include delivery, collection, treatment, recycling, disposal of water, wastewater, waste fluids, hydrocarbons, and restricted solids that are part of the drilling, completion, and production of shale oil and natural gas. The Company operates through three segments, which include the Northeast division comprising the Marcellus and Utica Shale areas; the Southern division comprising the Haynesville, Eagle Ford and Permian Basin Shale areas, and the Rocky Mountain division comprising the Bakken Shale area. Nuverra operates in select shale areas in the United States, including oil shale areas consisting of the Bakken, Eagle Ford and Permian Shale areas, and natural gas shale areas in Haynesville, Marcellus and Utica.
