NCSM shares will cease trading on Nasdaq. Holders should review the election results and ensure they receive the correct merger consideration (Weatherford shares or cash/stock mix). Monitor Weatherford (WFT) for post-merger integration updates and potential synergies in the oilfield services sector.
Price Chart
Executive Summary
NCS Multistage Holdings, Inc. has been acquired by Weatherford International plc in a stock-and-cash merger. Each NCSM share was converted into the right to receive either 0.5537 Weatherford ordinary shares or a mixed consideration of cash and 0.2392 Weatherford shares. The merger closed on September 1, 2026, resulting in NCSM becoming a wholly owned subsidiary of Weatherford, the delisting of NCSM common stock from Nasdaq, and the resignation of all prior directors and officers. This filing confirms the completion of a transformative acquisition, marking the end of NCSM as a standalone public company.
Key Facts
- Merger closed on September 1, 2026, with NCS Multistage becoming a wholly owned subsidiary of Weatherford International plc.
- Each share of NCSM common stock was converted into the right to receive either 0.5537 Weatherford ordinary shares (Share Consideration) or a mixed consideration of cash and 0.2392 Weatherford ordinary shares (Mixed Consideration).
- Approximately 55% of NCSM shareholders elected the Mixed Consideration, with 99.2% of those receiving it after proration.
- NCSM common stock was delisted from the Nasdaq Capital Market, and the company intends to deregister its common stock under the Exchange Act.
- All prior directors and certain officers of NCSM resigned, and new directors and officers from Weatherford's merger subsidiary were appointed.
Financial Impact
NCSM shareholders received Weatherford ordinary shares valued at $97.77 per share (closing price on the last trading day before closing) as part of the Mixed Consideration, plus 0.2392 Weatherford shares per NCSM share. The Share Consideration was 0.5537 Weatherford shares per NCSM share.
Risk Factors
- Post-merger integration risk: Weatherford may face challenges integrating NCSM's operations and realizing expected synergies.
- Delisting and deregistration of NCSM stock eliminates liquidity for any remaining public float.
- Shareholder election proration resulted in some Mixed Consideration electors receiving only stock, potentially altering expected tax treatment.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-377638 |
| Document: d534761d8k.htm | 0001193125-26-377638 |
| Document: d534761dex31.htm | 0001193125-26-377638 |
| Document: 0001193125-26-377638-index-headers.html | 0001193125-26-377638 |
| Document: 0001193125-26-377638-index.html | 0001193125-26-377638 |
| Document: 0001193125-26-377638.txt | 0001193125-26-377638 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | Court Ruling | — | awaiting T+1 | — | — |
Sep 11, 2026 21d ago | 15-12G | — | awaiting T+1 | — | — |
Sep 9, 2026 23d ago | EFFECT | — | awaiting T+1 | — | — |
Sep 9, 2026 23d ago | EFFECT | — | awaiting T+1 | — | — |
Sep 1, 2026 4w ago | 25-NSE | $53.35 $53.35 | · 0.00% | ▼ −0.44% | — |
Sep 1, 2026 4w ago | 8-K | $53.35 $53.35 | · 0.00% | ▼ −0.44% | — |
Jul 30, 2026 9w ago | Press Release | $47.00 $47.13 | ▼ −0.28% | ▲ +1.15% | — |
Jun 1, 2026 17w ago | 425 | $55.60 $55.72 | ▲ +0.22% | ▲ +0.94% | — |
Jun 1, 2026 17w ago | 425 | $55.60 $55.72 | ▲ +0.22% | ▲ +0.94% | — |
Jun 1, 2026 17w ago | 425 | $55.60 $55.72 | ▲ +0.22% | ▲ +0.94% | — |
US Market Status
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