CALGARY, AB, Dec. 23, 2020 /CNW/ – Calfrac Well Services Ltd. (“Calfrac” or the “Company“) (TSX: CFW) completed its previously announced recapitalization transaction on December 18, 2020 (the “Recapitalization Transaction“). Among other things, the Recapitalization Transaction resulted in the consolidation of Calfrac’s outstanding common shares on a 50:1 basis (as consolidated, the “Post-Consolidation Common Shares“) and the issuance of common share purchase warrants (“Warrants“).
The Post-Consolidation Shares and the Warrants have been listed for trading on the Toronto Stock Exchange (the “TSX“). The TSX released bulletins regarding the Post-Consolidation Common Shares and the Warrants earlier today. The Post-Consolidation Common … Continue Reading