Innovex International, Inc. entered into an underwriting agreement on August 6, 2026, facilitating the sale of 5,000,000 shares of common stock by selling stockholders affiliated with Amberjack Capital Partners, L.P., at $28.71 per share. The offering closed on August 10, 2026, and was conducted under an effective Form S-3 shelf registration statement; the company did not receive any proceeds from this secondary transaction. Innovex International, Inc. operates in the energy services industry, providing drilling and completion services.

Innovex International reported second quarter 2026 revenue of $245 million and net income of $25 million, with adjusted EBITDA of $48 million. The company generated $30 million in free cash flow and ended the quarter with $222 million in cash and no bank debt. Innovex completed its acquisition of TCO Group AS for $95 million on July 1, 2026, funded by a mix of cash and equity. Management provided third quarter guidance projecting revenue between $260 million and $270 million and adjusted EBITDA between $51 million and $57 million. Innovex International operates in the oilfield services industry, providing well construction and completion technologies.

Innovex International, Inc. filed an amendment to its previous 8-K to update the number of shares issued as merger consideration for the acquisition of TCO Group AS. On July 1, 2026, the Company closed the transaction and issued 1,060,713 shares of Common Stock to the seller. Innovex International, Inc. operates in the energy and technology sector, providing specialized services for the oil and gas industry.

On June 15, 2026, Innovex International, Inc. entered into a Share Purchase Agreement to acquire TCO Group AS from Rieber & Søn AS for approximately $95 million. The purchase price consists of $65 million in cash and $30 million in newly-issued common stock, totaling approximately 1,063,829 shares priced at $28.20 per share. TCO Group reported 2025 revenue of $70 million, net income of $12 million, and Adjusted EBITDA of $18 million. The transaction is expected to be 13% accretive to Innovex's EPS and close in early Q3 2026. The seller is subject to a six-month lock-up period on the consideration shares. Innovex operates in the oil and gas industry, providing equipment, tools, and services for well completion and testing.