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KLXE 424B5: Secondary offering

Filed with the SEC on · accession 0001193125-26-361709

KLXE filed a 424B5 (prospectus (offering)) with the SEC on Aug 24, 2026. The final terms of an offering of shares or bonds. The stock moved -4.5% by the first close after the filing.

Summary of the filing

KLX Energy Services Holdings, Inc. is conducting a backstopped rights offering to raise approximately $125 million by issuing up to 83,876,809 shares of common stock at $1.49 per share, with existing note holders backstopping $94 million of the offering to reduce leverage and increase liquidity.

For details, click here →How to read a 424B5 →

Key details

Total offering value$125.0M
Subscription price per share$1
Backstop commitment amount$94.0M
Fees and expenses$31.0M
IssuerKLX Energy Services Holdings, Inc.
Subscription agentComputershare Trust Company, N.A.

How KLXE stock reacted

Close before

$1.57

Aug 21, 2026

First close after

-4.46%

$1.50

5 trading days

-2.55%

$1.53

Since filing

-36.31%

$1.00

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Frequently asked questions

What did KLXE file with the SEC on Aug 24, 2026?

KLXE filed a 424B5 (Secondary offering). KLX Energy Services Holdings, Inc. is conducting a backstopped rights offering to raise approximately $125 million by issuing up to 83,876,809 shares of common stock at $1.49 per share, with existing note holders backstopping $94 million of the offering to reduce leverage and increase liquidity.

What does a secondary offering mean for KLXE stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did KLXE stock react to this filing?

KLXE closed at $1.57 before the filing and $1.50 on Aug 24, 2026 (-4.46%). Five trading days later: $1.53 (-2.55%).

Other KLXE SEC filings

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