Tontine exits Nine Energy Service stake with 0% ownership
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.
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 0 shares of Nine Energy Service common stock, or 0.0% of the class as of December 31, 2025. This moves their combined position below the 5% threshold that requires ongoing Schedule 13G reporting.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Schedule 13G/A Amendment No. 3 for Nine Energy Service (NINE) disclose?
Who are the reporting persons in the Nine Energy Service (NINE) Schedule 13G/A Amendment No. 3?
What is the ownership percentage reported by Tontine and Jeffrey Gendell in Nine Energy Service (NINE)?
Why is this Nine Energy Service (NINE) Schedule 13G/A described as an exit filing?
What certification do the reporting persons make about their intent regarding control of Nine Energy Service (NINE)?
What is the date of the event triggering this Nine Energy Service (NINE) Schedule 13G/A amendment?
AI-generated analysis. How Rhea-AI works. Not financial advice.