Monitor the subscription rate post-expiration to gauge the actual dilution and cash infusion. The backstop ensures the full $125 million is raised, but the take-up rate signals existing shareholder sentiment.
Price Chart
Executive Summary
KLX Energy Services issued a reminder that its $125 million backstopped rights offering expires on September 23, 2026. Each subscription right allows the purchase of 3.885 shares at $1.49 per share. Rights not exercised before the expiration will become worthless.
Key Facts
- Rights offering expiration date: September 23, 2026 at 5:00 PM ET
- Total offering size: $125 million (backstopped)
- Subscription price: $1.49 per share
- Each right entitles holder to purchase 3.885 shares of common stock
- Rights trade on Nasdaq under symbol KLXER until expiration
- No holder (other than backstop parties) may exceed 9.995% beneficial ownership pro forma
Financial Impact
$125 million backstopped rights offering nearing expiration; subscription rights expire worthless if not exercised by September 23, 2026
Risk Factors
- If rights are not exercised, holders lose their value entirely
- Full exercise will result in significant dilution — each right purchases 3.885 shares at $1.49
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001738827-26-000046 |
| Document: klx-noticeofexpirationpres.htm | 0001738827-26-000046 |
| Document: 0001738827-26-000046-index-headers.html | 0001738827-26-000046 |
| Document: 0001738827-26-000046-index.html | 0001738827-26-000046 |
| Document: 0001738827-26-000046.txt | 0001738827-26-000046 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 3 | $1.30 $1.27 | ▼ −2.31% | ▼ −0.81% | $1.15 (−11.54%) |
Oct 9, 2026 18d ago | 3 | $1.32 $1.32 | · 0.00% | ▲ +1.97% | $1.15 (−12.88%) |
Oct 6, 2026 20d ago | SC 13D | $1.30 $1.31 | ▲ +0.77% | ▲ +1.75% | $1.15 (−11.54%) |
Oct 6, 2026 20d ago | SC 13D | $1.30 $1.31 | ▲ +0.77% | ▲ +1.75% | $1.15 (−11.54%) |
Sep 30, 2026 26d ago | 8-K | $1.41 $1.26 | ▼ −10.64% | ▼ −11.94% | $1.15 (−18.44%) |
Sep 25, 2026 4w ago | 8-K | $1.52 $1.37 | ▼ −9.87% | ▼ −11.07% | $1.15 (−24.34%) |
Sep 25, 2026 4w ago | Press Release | $1.52 $1.37 | ▼ −9.87% | ▼ −11.07% | $1.15 (−24.34%) |
Sep 24, 2026 4w ago | 25-NSE | $1.47 $1.41 | ▲ +4.08% | ▲ +3.67% | $1.15 (+21.77%) |
Sep 23, 2026 4w ago | 8-K | $1.47 $1.41 | ▲ +4.08% | ▲ +3.67% | $1.15 (+21.77%) |
Sep 18, 2026 5w ago | 8-K | $1.52 $1.61 | ▲ +5.92% | ▲ +4.65% | $1.15 (−24.34%) |
US Market Status
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