UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
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Item 1.02 Termination of a Material Definitive Agreement.
On July 17, 2023, Core Laboratories Inc. (the “Company”), terminated the Equity Distribution Agreement dated June 9, 2022 (the “Distribution Agreement”). The Distribution Agreement provided that the Company may sell shares of its common stock from time to time for an aggregate offering price of up to $60,000,000 through an “at the market” equity offering program under which Wells Fargo Securities LLC (“Wells”) and BofA Securities Inc. (“BofA”) would each act as sales agent or principal (the “2022 ATM Program”). No shares of the Company’s common stock were sold under the Distribution Agreement. As a result of the termination of the Distribution Agreement, the Company suspended and terminated the 2022 ATM Program and therefore will not offer or sell any shares under the 2022 ATM Program. The termination of the Distribution Agreement and the 2022 ATM Program is effective as of July 17, 2023.
SIGNATURES
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.
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Core Laboratories Inc. |
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Dated: July 18, 2023 |
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By |
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/s/ Christopher S. Hill |
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Christopher S. Hill |
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Chief Financial Officer |
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