1 Mar 2018capital raising announcement▲ GoodMajor
Closed the Swiftwater Energy Services acquisition, funding the cash portion from available cash and the credit facility, and issued employee inducement shares to Swiftwater staff.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Feb 2018capital raising announcement▲ GoodMajor
Agreed to acquire Swiftwater Energy Services, a Permian Basin water management company, for $40 million cash plus 7.77 million shares (~$30 million) and up to $15 million in earnouts — TETRA's entry into produced-water management, diversifying beyond fluids and compression.