Archer Limited: Completion of the Merger between Quintana Energy Services Inc. and KLX Energy Services Holdings Inc.
Hamilton Bermuda (July 28, 2020) Reference is made to the announcement on May 3, 2020, by Quintana Energy Services Inc. (“QES”), whereby QES outlined its plan to merge with the Nasdaq listed U.S. onshore oilfield services company KLX Energy Services Holdings Inc. (“KLXE”) in an all-stock merger (the “Merger”). On July 24, 2020 the shareholders in both KLXE and QES approved the Merger and the Merger closed on July 28, 2020 whereby shareholders in QES received 0.0969 shares in KLXE for each share held in QES. Archer has received a total of 919,998 shares in KLXE, representing