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[8-K] Core Laboratories Inc. Reports Material Event

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Rhea-AI Filing Summary

Elevation Oncology (ELEV) filed five Post-Effective Amendments to prior Form S-8 registration statements to deregister all unsold shares tied to its 2019 Stock Incentive Plan, 2021 Equity Incentive Plan and 2021 ESPP. The move follows the 23 Jul 2025 closing of the merger with Concentra Biosciences, after which Elevation became a wholly owned subsidiary and its public offerings ceased.

Under the merger each common share was converted into $0.36 in cash plus one non-transferable contingent value right (CVR). Approximately 14.3 million shares—about 9.7 m under the 2021 Plan, 1.7 m under the ESPP and 2.4 m under the 2019 Plan—are being withdrawn from registration. The filing removes any future equity issuance from these plans and formally ends the company’s S-8 reporting obligations.

Elevation Oncology (ELEV) ha presentato cinque emendamenti post-effettivi alle precedenti dichiarazioni di registrazione Form S-8 per cancellare la registrazione di tutte le azioni invendute legate al suo Piano di Incentivi Azionari 2019, al Piano di Incentivi Azionari 2021 e al Piano di Acquisto Azionario per Dipendenti (ESPP) 2021. Questa decisione segue la chiusura della fusione il 23 luglio 2025 con Concentra Biosciences, dopo la quale Elevation è diventata una controllata interamente posseduta e le sue offerte pubbliche sono cessate.

In base alla fusione, ogni azione ordinaria è stata convertita in 0,36 $ in contanti più un diritto di valore contingente non trasferibile (CVR). Circa 14,3 milioni di azioni — circa 9,7 milioni sotto il Piano 2021, 1,7 milioni sotto l’ESPP e 2,4 milioni sotto il Piano 2019 — vengono ritirate dalla registrazione. La presentazione elimina qualsiasi futura emissione di azioni da questi piani e conclude formalmente gli obblighi di rendicontazione S-8 della società.

Elevation Oncology (ELEV) presentó cinco enmiendas posteriores a la efectividad a declaraciones de registro Form S-8 anteriores para cancelar la inscripción de todas las acciones no vendidas vinculadas a su Plan de Incentivos de Acciones 2019, Plan de Incentivos de Acciones 2021 y el Plan de Compra de Acciones para Empleados (ESPP) 2021. Esta acción sigue al cierre de la fusión el 23 de julio de 2025 con Concentra Biosciences, tras lo cual Elevation se convirtió en una subsidiaria de propiedad total y cesaron sus ofertas públicas.

Bajo la fusión, cada acción común se convirtió en . Aproximadamente 14.3 millones de acciones — alrededor de 9.7 millones bajo el Plan 2021, 1.7 millones bajo el ESPP y 2.4 millones bajo el Plan 2019 — están siendo retiradas de registro. La presentación elimina cualquier emisión futura de acciones de estos planes y finaliza formalmente las obligaciones de reporte S-8 de la compañía.

Elevation Oncology (ELEV)는 2019년 주식 인센티브 플랜, 2021년 주식 인센티브 플랜, 2021년 직원 주식 구매 계획(ESPP)과 관련된 모든 미판매 주식의 등록을 말소하기 위해 이전 Form S-8 등록 명세서에 대해 다섯 건의 사후 효력 개정서를 제출했습니다. 이 조치는 2025년 7월 23일 Concentra Biosciences와의 합병 종료에 따른 것으로, 이후 Elevation은 완전 자회사로 전환되고 공개 주식 발행이 중단되었습니다.

합병에 따라 각 보통주는 현금 0.36달러와 양도 불가능한 조건부 가치 권리(CVR) 1개로 전환되었습니다. 약 1,430만 주—2021년 플랜에서 약 970만 주, ESPP에서 170만 주, 2019년 플랜에서 240만 주—가 등록 취소되고 있습니다. 이번 제출로 이들 플랜에서의 향후 주식 발행이 중단되며 회사의 S-8 보고 의무도 공식적으로 종료됩니다.

Elevation Oncology (ELEV) a déposé cinq amendements post-efficacité aux déclarations d’enregistrement Form S-8 antérieures afin de déréférencer toutes les actions invendues liées à son Plan d’Incitation en Actions 2019, au Plan d’Incitation en Actions 2021 et au Plan d’Achat d’Actions des Employés (ESPP) 2021. Cette démarche fait suite à la clôture de la fusion le 23 juillet 2025 avec Concentra Biosciences, après quoi Elevation est devenue une filiale à part entière et ses offres publiques ont cessé.

Dans le cadre de la fusion, chaque action ordinaire a été convertie en 0,36 $ en espèces plus un droit de valeur conditionnelle non transférable (CVR). Environ 14,3 millions d’actions — environ 9,7 millions sous le Plan 2021, 1,7 million sous l’ESPP et 2,4 millions sous le Plan 2019 — sont retirées de l’enregistrement. Le dépôt supprime toute émission future d’actions issues de ces plans et met formellement fin aux obligations de déclaration S-8 de la société.

Elevation Oncology (ELEV) hat fünf nachwirkende Änderungen zu früheren Form S-8-Registrierungserklärungen eingereicht, um alle unverkäuflichen Aktien im Zusammenhang mit seinem Aktienanreizplan 2019, dem Aktienanreizplan 2021 und dem Mitarbeiter-Aktienkaufplan (ESPP) 2021 abzumelden. Dieser Schritt folgt dem Abschluss der Fusion am 23. Juli 2025 mit Concentra Biosciences, nach der Elevation eine hundertprozentige Tochtergesellschaft wurde und seine öffentlichen Angebote eingestellt wurden.

Im Rahmen der Fusion wurde jede Stammaktie in 0,36 $ in bar plus ein nicht übertragbares bedingtes Wertrecht (CVR) umgewandelt. Etwa 14,3 Millionen Aktien — etwa 9,7 Mio. unter dem Plan von 2021, 1,7 Mio. unter dem ESPP und 2,4 Mio. unter dem Plan von 2019 — werden von der Registrierung zurückgezogen. Die Einreichung entfernt jegliche zukünftige Aktienausgabe aus diesen Plänen und beendet formell die S-8-Berichtspflichten des Unternehmens.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Purely administrative S-8 deregistration after merger; no new economic terms disclosed; dilution risk eliminated.

Deregistering unsold shares is standard once a target goes private. All equity plans are void, so the roughly 14 m shares can no longer hit the float—marginally positive for dilution, but the stock is already cashed out at $0.36 with a CVR. Impact on current public investors is moot because the security is no longer listed. No new consideration, synergies or financials are provided; therefore, market impact is neutral.

TL;DR: Filing fulfills Rule 478 undertaking, cleans up SEC records, ends incentive plans.

By terminating its S-8s, Elevation meets post-merger compliance and removes residual employee option pools. This limits future governance complexity for the parent company, but may affect employee retention as legacy equity incentives disappear. Because the merger terms were finalized earlier, today’s action is procedural and carries negligible incremental financial impact.

Elevation Oncology (ELEV) ha presentato cinque emendamenti post-effettivi alle precedenti dichiarazioni di registrazione Form S-8 per cancellare la registrazione di tutte le azioni invendute legate al suo Piano di Incentivi Azionari 2019, al Piano di Incentivi Azionari 2021 e al Piano di Acquisto Azionario per Dipendenti (ESPP) 2021. Questa decisione segue la chiusura della fusione il 23 luglio 2025 con Concentra Biosciences, dopo la quale Elevation è diventata una controllata interamente posseduta e le sue offerte pubbliche sono cessate.

In base alla fusione, ogni azione ordinaria è stata convertita in 0,36 $ in contanti più un diritto di valore contingente non trasferibile (CVR). Circa 14,3 milioni di azioni — circa 9,7 milioni sotto il Piano 2021, 1,7 milioni sotto l’ESPP e 2,4 milioni sotto il Piano 2019 — vengono ritirate dalla registrazione. La presentazione elimina qualsiasi futura emissione di azioni da questi piani e conclude formalmente gli obblighi di rendicontazione S-8 della società.

Elevation Oncology (ELEV) presentó cinco enmiendas posteriores a la efectividad a declaraciones de registro Form S-8 anteriores para cancelar la inscripción de todas las acciones no vendidas vinculadas a su Plan de Incentivos de Acciones 2019, Plan de Incentivos de Acciones 2021 y el Plan de Compra de Acciones para Empleados (ESPP) 2021. Esta acción sigue al cierre de la fusión el 23 de julio de 2025 con Concentra Biosciences, tras lo cual Elevation se convirtió en una subsidiaria de propiedad total y cesaron sus ofertas públicas.

Bajo la fusión, cada acción común se convirtió en . Aproximadamente 14.3 millones de acciones — alrededor de 9.7 millones bajo el Plan 2021, 1.7 millones bajo el ESPP y 2.4 millones bajo el Plan 2019 — están siendo retiradas de registro. La presentación elimina cualquier emisión futura de acciones de estos planes y finaliza formalmente las obligaciones de reporte S-8 de la compañía.

Elevation Oncology (ELEV)는 2019년 주식 인센티브 플랜, 2021년 주식 인센티브 플랜, 2021년 직원 주식 구매 계획(ESPP)과 관련된 모든 미판매 주식의 등록을 말소하기 위해 이전 Form S-8 등록 명세서에 대해 다섯 건의 사후 효력 개정서를 제출했습니다. 이 조치는 2025년 7월 23일 Concentra Biosciences와의 합병 종료에 따른 것으로, 이후 Elevation은 완전 자회사로 전환되고 공개 주식 발행이 중단되었습니다.

합병에 따라 각 보통주는 현금 0.36달러와 양도 불가능한 조건부 가치 권리(CVR) 1개로 전환되었습니다. 약 1,430만 주—2021년 플랜에서 약 970만 주, ESPP에서 170만 주, 2019년 플랜에서 240만 주—가 등록 취소되고 있습니다. 이번 제출로 이들 플랜에서의 향후 주식 발행이 중단되며 회사의 S-8 보고 의무도 공식적으로 종료됩니다.

Elevation Oncology (ELEV) a déposé cinq amendements post-efficacité aux déclarations d’enregistrement Form S-8 antérieures afin de déréférencer toutes les actions invendues liées à son Plan d’Incitation en Actions 2019, au Plan d’Incitation en Actions 2021 et au Plan d’Achat d’Actions des Employés (ESPP) 2021. Cette démarche fait suite à la clôture de la fusion le 23 juillet 2025 avec Concentra Biosciences, après quoi Elevation est devenue une filiale à part entière et ses offres publiques ont cessé.

Dans le cadre de la fusion, chaque action ordinaire a été convertie en 0,36 $ en espèces plus un droit de valeur conditionnelle non transférable (CVR). Environ 14,3 millions d’actions — environ 9,7 millions sous le Plan 2021, 1,7 million sous l’ESPP et 2,4 millions sous le Plan 2019 — sont retirées de l’enregistrement. Le dépôt supprime toute émission future d’actions issues de ces plans et met formellement fin aux obligations de déclaration S-8 de la société.

Elevation Oncology (ELEV) hat fünf nachwirkende Änderungen zu früheren Form S-8-Registrierungserklärungen eingereicht, um alle unverkäuflichen Aktien im Zusammenhang mit seinem Aktienanreizplan 2019, dem Aktienanreizplan 2021 und dem Mitarbeiter-Aktienkaufplan (ESPP) 2021 abzumelden. Dieser Schritt folgt dem Abschluss der Fusion am 23. Juli 2025 mit Concentra Biosciences, nach der Elevation eine hundertprozentige Tochtergesellschaft wurde und seine öffentlichen Angebote eingestellt wurden.

Im Rahmen der Fusion wurde jede Stammaktie in 0,36 $ in bar plus ein nicht übertragbares bedingtes Wertrecht (CVR) umgewandelt. Etwa 14,3 Millionen Aktien — etwa 9,7 Mio. unter dem Plan von 2021, 1,7 Mio. unter dem ESPP und 2,4 Mio. unter dem Plan von 2019 — werden von der Registrierung zurückgezogen. Die Einreichung entfernt jegliche zukünftige Aktienausgabe aus diesen Plänen und beendet formell die S-8-Berichtspflichten des Unternehmens.

false000195808600019580862025-07-222025-07-22

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 22, 2025

CORE LABORATORIES INC.

(Exact name of registrant as specified in its charter)

Delaware

001-41695

98-1164194

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

 

 

 

6316 Windfern Road

 

 

Houston, TX

77040

(Address of principal executive offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (713) 328-2673

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock (par value $0.01)

 

CLB

 

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 


 

Item 1.01 Entry into a Material Definitive Agreement.

On July 22, 2025, Core Laboratories Inc. (the "Parent Borrower") and Core Laboratories (U.S.) Interests Holdings, Inc. (the "U.S. Borrower" and together with the Parent Borrower, collectively the "Company") entered into a Ninth Amended and Restated Credit Agreement (henceforth referred to as the "Amended Credit Agreement") with various financial institutions who are parties to the Amended Credit Agreement (collectively, the "Lenders"), with Bank of America, N.A. also serving as administrative agent for the Lenders and as collateral agent for various secured parties. Additionally, Bank of America is serving as swing line lender and letter of credit issuing bank.

The Amended Credit Agreement primarily includes the following changes:

To appropriately size the credit facility in line with the Company’s intended uses, the aggregate borrowing commitment has been increased from $135 million to $150 million, with a $50 million accordion option. Draws of up to $100 million are available in the form of a revolving credit facility through the maturity date, and a single draw of $50 million is available in the form of a delayed draw term loan through January 12, 2026;
The maturity date has been extended for a four-year period ending on July 22, 2029, subject to springing maturity as follows: unless the Company’s liquidity equals or exceeds the principal amount of each of the respective senior notes series that remain outstanding on each of the respective springing maturity dates as follows:
o
if any portion of the Company’s 2021 Series B Senior Notes due January 12, 2028, in the aggregate principal amount of $15 million, remains outstanding on October 17, 2027, the revolving credit facility will mature on October 17, 2027, or
o
if any portion of the Company’s 2023 Series A Senior Notes due June 28, 2028, in the aggregate principal amount of $25 million, remains outstanding on March 28, 2028, the revolving credit facility will mature on March 28, 2028.

There are no material changes to other terms of the facility, including assets securing the debt, pricing on the debt, cross default provisions associated with the senior notes, financial covenants, or the interest coverage and leverage ratios.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the Amended Credit Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 2.02 Results of Operations and Financial Condition.

On July 23, 2025, Core Laboratories Inc. issued a press release announcing its financial results for the second quarter of 2025.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information included in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03 of this Current Report on Form 8-K.

Item 7.01 Regulation FD Disclosure.

On July 23, 2025, Core Laboratories Inc. issued a press release announcing a quarterly cash dividend of $0.01 per share of common stock for shareholders of record on August 4, 2025 and payable August 25, 2025.

The full text of the press release is set forth in Exhibit 99.1 attached hereto.

The information in this Report and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly stated by specific reference in such filing.

 


 

Item 9.01 Financial Statements and Exhibits.

(d)

 

Exhibits

10.1 Ninth Amended and Restated Credit Agreement, by and among Core Laboratories Inc., Core Laboratories (U.S.) Interests Holding, Inc., and the lenders party thereto and Bank of America, N.A. as administrative agent, dated July 22, 2025.

99.1 Press release issued on July 23, 2025 *

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

* This exhibit is intended to be furnished and shall not be deemed “filed” for purposes of the Exchange Act.

 

 


 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

 

 

 

 

 

Core Laboratories Inc.

 

 

 

 

 

 

 

Dated: July 23, 2025

 

By

 

/s/ Christopher S. Hill

 

 

 

 

 

 

Christopher S. Hill

 

 

 

 

 

 

Chief Financial Officer

 

 

 

 

 

 


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