KLX Energy Services Holdings, Inc. (NASDAQ: KLXE) announced that its $125 million backstopped rights offering is set to expire at 5:00 p.m. New York City time on September 23, 2026.

Each subscription right entitles the holder to purchase 3.885 shares of common stock at a subscription price of $1.49 per share. No holder, other than designated backstop parties, may exercise subscription rights if doing so would result in that holder beneficially owning more than 9.995% of the company's outstanding common stock on a pro forma basis.

The subscription rights are trading on the Nasdaq Stock Market under the symbol "KLXER" until the close of trading on the expiration date. Rights that are not exercised before the expiration date will expire and have no value.

The company noted that holders whose shares are held through a brokerage account may face an earlier deadline set by their respective broker, and that holders should contact their broker directly for specific deadline information.

The rights offering was made pursuant to a prospectus supplement filed with the Securities and Exchange Commission on August 24, 2026, under an existing shelf registration statement (Reg. No. 333-295905). The company stated it reserves the right to extend, amend, or terminate the offering subject to certain conditions.