Core Viewpoint - Innovex International, Inc. has announced an underwritten offering of 5,750,000 shares of its common stock at a public price of $25.75 per share, with an additional option for underwriters to purchase up to 862,500 more shares [1] Group 1: Offering Details - The offering is being conducted by certain affiliates of Amberjack Capital Partners, L.P., and Innovex will not sell any shares or receive proceeds from this offering [1] - The expected closing date for the offering is February 27, 2026, subject to customary closing conditions [1] - Innovex intends to repurchase 575,000 shares from the underwriters at the offering price, contingent upon the closing of the offering [2] Group 2: Underwriters and Regulatory Information - J.P. Morgan, Citigroup, Jefferies, and Piper Sandler are acting as joint book-running managers for the offering [3] - The offering is made through a prospectus supplement and a base prospectus filed with the SEC, which became effective on October 1, 2024 [3] Group 3: Company Background - Innovex International, Inc. was established in 2024 following the merger of Dril-Quip, Inc. and Innovex Downhole Solutions, Inc. [5] - The company operates globally, providing engineered products to the oil and natural gas industry [5]
Innovex International, Inc. Announces Pricing of Underwritten Offering of 5,750,000 Shares of Common Stock by Selling Stockholders