Smart Sand, Inc 8-K, filed Jan 4, 2024
Smart Sand, Inc. (SND)
8-K
2024-01-04
For: 2024-01-02
View Original
Added on
April 07, 2026
About this 8-K
Smart Sand, Inc filed this 8-K on January 4, 2024, reporting on events of January 2, 2024.
Items reported
- Item 1.02: Ended a material agreement
3UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 2, 2024
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Item 1.02 Termination of a Material Definitive Agreement.
As previously disclosed, on November 9, 2021, Smart Sand, Inc. (the “Company”), entered into an Open Market Sale Agreement (the “Sale Agreement”) with Clearlake Capital Partners II (Master), L.P. (the “Selling Stockholder”) and Jefferies LLC (the “Sales Agent”), pursuant to which (i) the Company was entitled to sell, from time to time, shares of its common stock having an aggregate value of up to $25,000,000 and (ii) the Selling Stockholder was entitled to sell, from time to time, up to 10,920,445 shares of the Company’s common stock. The terms and conditions of the Sale Agreement were described in the Company’s Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on November 9, 2021 (the “Quarterly Report”).
On January 2, 2024, the Company delivered a written notice to the Sales Agent to terminate the Sale Agreement, effective as of January 18, 2024. The Company is not subject to any termination penalties related to the termination of the Sale Agreement. The Company did not sell any shares pursuant to the Sale Agreement.
A copy of the Sale Agreement was filed as Exhibit 10.1 to the Quarterly Report. The description of the Sale Agreement contained in this Current Report on Form 8-K does not purport to be complete and is qualified in its entirety by reference to the copy of the Sale Agreement filed as Exhibit 10.1 to the Quarterly Report.
SIGNATURES
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.
| SMART SAND, INC. | |||||||||||||||||||||||
| Dated: | January 4, 2024 | By: | /s/ Lee E. Beckelman | ||||||||||||||||||||
| Lee E. Beckelman | |||||||||||||||||||||||
| Chief Financial Officer | |||||||||||||||||||||||