Tontine entities and Gendell report 0% Nine Energy Service (NINE) stake
Rhea-AI Filing Summary
Tontine Asset Associates, Tontine Capital Overseas Master Fund II, and Jeffrey L. Gendell filed Amendment No. 3 to report they no longer beneficially own Nine Energy Service common stock. As of December 31, 2025, each reporting person discloses beneficial ownership of 0 shares, representing 0.0% of the outstanding common stock.
The filing is characterized as an exit filing, confirming that their combined holdings have fallen below the 5% reporting threshold. The reporting persons also certify that the securities previously held were not acquired or held for the purpose of changing or influencing control of Nine Energy Service.
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Insights
Tontine and Jeffrey Gendell report a complete exit from Nine Energy Service, reducing disclosed ownership to 0%.
The amendment states that Tontine Asset Associates, Tontine Capital Overseas Master Fund II, and Jeffrey L. Gendell now beneficially own
The document explicitly labels this as an exit filing for the reporting persons. It also certifies that the securities were not acquired or held to change or influence control of Nine Energy Service. Subsequent ownership structure details, including any new significant holders, would need to be evaluated from other public filings.