On August 24, 2026, KLX Energy Services Holdings (Nasdaq: KLXE) kicked off its previously announced subscription rights offering, giving existing common stockholders and holders of certain outstanding warrants the chance to buy new shares at $1.49 apiece. For every share held as of the August 21 record date, investors receive one subscription right, and each right lets them purchase 3.885 shares — the offering runs through September 23, 2026, and the rights themselves trade on Nasdaq under the ticker "KLXER." The company plans to use up to $31.0 million of gross proceeds for fees and general corporate purposes, with any amount above that earmarked to repurchase its 2030 Notes at par. Holders of those 2030 Notes have agreed to backstop the offering.
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