AcquisitionsJul 1, 2026, 05:02 PM
Innovex International Issues 1.06M Shares for TCO Group Acquisition
AI Summary
Innovex International, Inc. filed an amendment to its Current Report on Form 8-K to update the number of shares issued as merger consideration. The company issued 1,060,713 shares of Common Stock to the seller on July 1, 2026, as part of its acquisition of TCO Group AS. The shares were issued based on the average volume weighted average trading prices over the fifteen trading days immediately preceding June 15, 2026, and are exempt from registration requirements.
Key Highlights
- Innovex International issued 1,060,713 shares of Common Stock.
- Shares were issued as merger consideration for the acquisition of TCO Group AS.
- The transaction closed on July 1, 2026.
- Share count based on 15-day volume weighted average price preceding June 15, 2026.
- Issuance is exempt from registration under Section 4(a)(2) of the Securities Act of 1933.
Price Impact
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