Current Report Filing (8-k)
June 14 2021 - 6:02AM
Edgar (US Regulatory)
0001163739
false
0001163739
2021-06-11
2021-06-11
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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): June 11, 2021
NABORS INDUSTRIES LTD.
(Exact name of registrant as specified in
its charter)
Bermuda
|
|
001-32657
|
|
98-0363970
|
(State or Other Jurisdiction of
Incorporation or Organization)
|
|
(Commission File Number)
|
|
(I.R.S. Employer
Identification No.)
|
Crown House
4 Par-la-Ville Road
Second Floor
Hamilton, HM08 Bermuda
|
|
N/A
|
(Address of principal executive offices)
|
|
(Zip Code)
|
(441) 292-1510
(Registrant’s telephone number, including
area code)
N/A
(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:
|
¨
|
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 exchange on which
registered
|
Common shares
|
|
NBR
|
|
NYSE
|
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 8.01. Other Events.
On June 11, 2021, Nabors Industries Ltd. (the “Company”)
distributed warrants (the “Warrants”) to purchase up to 4,989,747 of the Company’s common shares, par value $0.05 per
share (the “Common Shares”) to the holders of record of outstanding Common Shares as of the close of business on June 4, 2021
(the “Distribution”). Each Warrant will entitle the holder thereof to purchase one Common Share at an initial exercise price
of $166.66667 per Warrant, subject to certain adjustments. In addition, Warrants submitted for exercise may be eligible to receive up
to an additional one-third Common Share pursuant to the terms and conditions set forth in the warrant agreement dated June 10, 2021.
In connection with the Distribution of the Warrants, the Company filed
a prospectus supplement, dated June 11, 2021, pursuant to the Company’s existing effective shelf registration statement on Form
S-3 dated April 5, 2021 registering the offer and sale of up to 4,989,747 Common Shares to be issued upon exercise of the Warrants under
the Securities Act of 1933, as amended.
A copy of the validity opinion in respect of the Common Shares to be
issued upon exercise of the Warrants is attached hereto as Exhibit 5.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURE
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.
|
NABORS INDUSTRIES LTD.
|
|
|
|
By:
|
/s/ Mark D. Andrews
|
|
|
Name: Mark D. Andrews
|
Date: June 11, 2021
|
|
Title: Corporate Secretary
|
Nabors Industries (NYSE:NBR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nabors Industries (NYSE:NBR)
Historical Stock Chart
From Apr 2023 to Apr 2024