Great Lakes Dredge & Dock (GLDD) removes 18.7M registered shares after merger
Filing Impact
Filing Sentiment
Form Type
POS AM
Rhea-AI Filing Summary
Great Lakes Dredge & Dock Corporation filed a Post-Effective Amendment to its Form S-3 to terminate and deregister any unsold securities previously registered under Registration No. 333-153207, which had covered 18,695,334 shares of common stock. The amendment follows the closing of a merger under an Agreement and Plan of Merger with Saltchuk Resources, Inc., completed on April 1, 2026, after which the company became a wholly owned subsidiary of the acquiring parent. The filing states the company is removing from registration all unsold securities covered by the registration statement in accordance with its prior undertaking.
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Key Figures
Registered shares removed: 18,695,334 shares
Merger closing date: April 1, 2026
Registration statement: No. 333-153207
3 metrics
Registered shares removed
18,695,334 shares
Registered under Registration No. 333-153207
Merger closing date
April 1, 2026
Merger with Saltchuk Resources, Inc.
Registration statement
No. 333-153207
Form S-3 originally filed August 26, 2008
Key Terms
Post-Effective Amendment, Registration Statement, Agreement and Plan of Merger, deregister
4 terms
Post-Effective Amendment regulatory
"filing this post-effective amendment (this “Post-Effective Amendment”) to Registration Statement"
A post-effective amendment is an official update to a securities registration document filed after that document has become effective with regulators; it corrects, adds or replaces information about the securities, the company, or an offering. Investors care because it keeps the legal record current and can change what is being sold or the rights attached to shares — like getting a revised product manual after a launch that may affect value or use.
Registration Statement regulatory
"Registration Statement No. 333-153207 (the “Registration Statement”)"
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
Agreement and Plan of Merger other
"entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Saltchuk Resources, Inc."
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
deregister regulatory
"hereby terminates the effectiveness of the Registration Statement and removes from registration"
Deregister is the act of removing a company’s securities from a public regulatory registry or ending their listing on a stock exchange; think of it like taking a car off public roads so it no longer needs public inspections. For investors, deregistration matters because it usually reduces required public disclosures, can make shares harder to buy or sell, and increases uncertainty about the company’s finances and governance due to lower transparency and liquidity.
FAQ
What did GLDD deregister in the April 1, 2026 filing?
The company deregistered 18,695,334 shares of common stock that remained unsold under Registration No. 333-153207. The removal was accomplished through a post-effective amendment to the prior Form S-3 registration statement.
Does the filing indicate any remaining public offering activity for GLDD?
No. The filing states the company has terminated all offerings registered under its existing registration statements and removed any unsold securities from registration as of the amendment date.
Which registration statement number was affected by the post-effective amendment?
The post-effective amendment terminates Registration Statement No. 333-153207, which originally registered up to 18,695,334 shares for resale by selling stockholders.
Who executed the post-effective amendment for GLDD?
The amendment was signed by Scott Kornblau, Senior Vice President and Chief Financial Officer of Great Lakes Dredge & Dock Corporation, on April 1, 2026.