KLX Energy Board Approves $125M Backstopped Rights Offering Available To All Holders Of Record As Of August 21
KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) ("KLX" or the "Company") announced today that the Company's Board of Directors has approved a $125 million backstopped rights offering (the
KLX Energy is raising $125 million by letting shareholders buy more stock at a set price, with a guarantee that the money will be raised. This shows the company needs cash, so watch whether shareholders think it's worth buying in at this price.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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