Innovex International Reports Key Agreements and Acquisitions
Ticker: INVX · Form: 8-K · Filed: Dec 2, 2024 · CIK: 1042893
| Field | Detail |
|---|---|
| Company | Innovex International, INC. (INVX) |
| Form Type | 8-K |
| Filed Date | Dec 2, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $103.7 m, $68.0 million, $0.01, $4.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, acquisition, equity-sale
TL;DR
Innovex International (INNX) filed an 8-K detailing material agreements, asset deals, and equity sales as of Nov 29.
AI Summary
Innovex International, Inc. filed an 8-K on December 2, 2024, reporting on several key events as of November 29, 2024. These include entering into a material definitive agreement, the completion of an acquisition or disposition of assets, and unregistered sales of equity securities. The filing also contains Regulation FD disclosures and financial statements/exhibits.
Why It Matters
This 8-K filing signals significant corporate actions for Innovex International, Inc., including potential asset changes and equity transactions that could impact its financial structure and operational scope.
Risk Assessment
Risk Level: medium — The filing indicates material definitive agreements, asset transactions, and unregistered equity sales, which can introduce complexity and potential risks related to deal terms and regulatory compliance.
Key Players & Entities
- Innovex International, Inc. (company) — Registrant
- DRIL-QUIP INC (company) — Former Company Name
- November 29, 2024 (date) — Date of earliest event reported
- December 2, 2024 (date) — Filing Date
FAQ
What specific material definitive agreement did Innovex International, Inc. enter into?
The filing indicates the entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.
What was the nature of the acquisition or disposition of assets reported by Innovex International, Inc.?
The filing confirms the completion of an acquisition or disposition of assets, but the specific assets involved and the transaction details are not detailed in the provided text.
What is the context for the unregistered sales of equity securities by Innovex International, Inc.?
The filing notes unregistered sales of equity securities, but the reasons for these sales and the number of shares or terms are not specified in the provided text.
What is the significance of the Regulation FD Disclosure mentioned in the filing?
The Regulation FD Disclosure indicates that the company is providing information to the public in accordance with fair disclosure rules, likely related to the events reported in the 8-K.
When was Innovex International, Inc. incorporated and in which state?
Innovex International, Inc. was incorporated in Delaware.
Filing Stats: 1,124 words · 4 min read · ~4 pages · Grade level 11 · Accepted 2024-12-02 06:10:59
Key Financial Figures
- $103.7 m — purchase price for the Acquisition was $103.7 million, consisting of $68.0 million in c
- $68.0 million — ition was $103.7 million, consisting of $68.0 million in cash (subject to closing and post-cl
- $0.01 — f the Company's common stock, par value $0.01 per share (the "Company Common Stock").
- $4.0 million — per share (the "Company Common Stock"). $4.0 million of the purchase price (the "Impulse Lit
Filing Documents
- d882226d8k.htm (8-K) — 32KB
- d882226dex21.htm (EX-2.1) — 407KB
- d882226dex991.htm (EX-99.1) — 7KB
- g882226g20b98.jpg (GRAPHIC) — 8KB
- g882226g91a84.jpg (GRAPHIC) — 4KB
- 0001193125-24-268359.txt ( ) — 682KB
- invx-20241129.xsd (EX-101.SCH) — 3KB
- invx-20241129_lab.xml (EX-101.LAB) — 17KB
- invx-20241129_pre.xml (EX-101.PRE) — 11KB
- d882226d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 2.1 Equity Purchase Agreement, dated as of November 29, 2024, by and among Innovex International, Inc., Downhole Well Solutions, LLC and the Sellers 99.1 Press Release dated December 2, 2024 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. * Schedules to the Equity Purchase Agreement have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of any omitted schedule upon the request of the SEC. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INNOVEX INTERNATIONAL, INC. By: /s/ Kendal Reed Kendal Reed Chief Financial Officer Date: December 2, 2024