Eco-Stim Energy Solutions Inc fka ESESQ

[Prudent Capitalist]

Those notes were paid off earlier this week, and ESES has fulfilled its stated goal of having a debt free balance sheet. The shares issued on Tuesday of this week to Fir Tree cancelled all of those notes and were exchanged based on a value of $1.40 per share, with all of the new shares issued being restricted. Great move and transaction with the recent record revenues, which are increasing by the month. Debt free going forward with rapidly accelerating revenue on the performing contracts.

On June 20, 2017, the Company converted the Notes into Common Stock at a price of $1.40 per share, and issued 29,538,786 shares of Common Stock to Fir Tree (the “Conversion”), upon the Company receiving stockholder approval at the Annual Meeting of Stockholders of the Company on June 15, 2017. As such, all obligations under the Note Agreement and Notes have been deemed paid in full and the Note Agreement and the Notes have been terminated