NINE - Nine Energy Service files for $250M securities offering

Nine Energy Service (NYSE:NINE) has filed for a $250M mixed securities offering. The company plans to sell shares of its common stock; shares of its preferred stock; warrants to purchase shares of its common stock or preferred stock; or rights to purchase shares of its common stock or preferred stock. The aggregate initial offering price of all securities sold will not exceed $250M. Net proceeds from the sale of the securities will be used for general corporate purposes. Additionally, the firm announced an offering of up to 9,326,080 shares of its common stock by selling stockholders. Nine Energy will not receive any proceeds from the sale or other disposition of the common stock by the selling stockholders.

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Nine Energy Service files for $250M securities offering