08:20 AM EDT, 07/01/2025 (MT Newswires) -- National Energy Services Reunited ( NESR ) said Tuesday about 96.1% of its outstanding warrants were validly tendered in its exchange offer that expired June 30.

The company plans to settle the exchange on or before Thursday and will convert the accepted warrants into ordinary shares, NESR said.

Holders who did not tender their warrants will see them exchanged at a reduced rate of 0.09 ordinary shares per warrant under a new amendment approved by the same percentage of warrant holders, the company said.

NESR also said it will execute the amendment concurrently with the settlement, resulting in no remaining outstanding warrants.