Cobra Acquisitions LLC Announces Receipt of $150 Million
Mammoth Energy Services, Inc. (TUSK)
Last mammoth energy services, inc. earnings: 2/27 04:01 pm
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US:NASDAQ Investor Relations:
ir.mammothenergy.com
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Source: PR Newswire
OKLAHOMA CITY, Oct. 1, 2024 /PRNewswire/ --Cobra Acquisitions LLC ("Cobra"), a wholly owned subsidiary of Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK), today announced the receipt of $150 million from the Commonwealth of Puerto Rico in accordance with the Settlement Agreement with the Puerto Rico Electric Power Authority ("PREPA").Arty Straehla, Chief Executive Officer, commented, "We are happy to have received the initial $150 million in settlement proceeds. With this first installment, we intend to extinguish all outstanding obligations under our term credit facility on or before October 16, 2024 and we expect the remaining amount of approximately $98.8 million, along with the $38.4 million still owed to us through the remaining installments, will have a transformative impact on our business going forward. We now maintain a significant cash position on our balance sheet, and we will take a meticulous and strategic approach when deploying this capital. We
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News
- Mammoth Energy Services, Inc. Announces CEO TransitionPR Newswire
- Mammoth Energy Services, Inc. (NASDAQ: TUSK) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Mammoth Energy Services Third Quarter 2024 Earnings: US$0.50 loss per share (vs US$0.023 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- Mammoth Energy Services, Inc. Announces Third Quarter 2024 Operational and Financial ResultsPR Newswire
- Mammoth Energy Services, Inc. Announces 2024 Third Quarter Earnings Release and Conference Call SchedulePR Newswire
TUSK
Sec Filings
- 11/15/24 - Form 4
- 11/13/24 - Form SC
- 11/12/24 - Form 4
- TUSK's page on the SEC website