M&A - Custom Truck One Source, Inc.
Form Type: 8-K
Filing Date: 2025-02-03
Corporate Action: Acquisition
Type: New
Accession Number: 000121390025009514
Filing Summary: On January 30, 2025, Custom Truck One Source, Inc. acquired 8,143,635 shares of its common stock for $4.00 per share, totaling $32,574,540. This purchase is approximately a 23% discount compared to the closing price of $5.19 per share on January 29, 2025. The acquisition was approved by the company's Board of Directors and its Audit Committee, and the shares will be held in treasury.
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Additional details:
Date Of Report: 2025-01-30
Shares Acquired: 8143635
Purchase Price Per Share: 4.00
Closing Price Per Share: 5.19
Total Purchase Price: 32574540
Discount Percentage: 23
Form Type: SCHEDULE 13D/A
Filing Date: 2025-02-03
Corporate Action: Acquisition
Type: Update
Accession Number: 000110465925008747
Filing Summary: On January 30, 2025, PE One Source Holdings, LLC entered into a stock purchase agreement with NESCO Holdings, LP and ECP Cardinal Holdings, LP, purchasing 8,143,635 shares of Common Stock of Custom Truck One Source, Inc. at a price of $4.00 per share. This acquisition was funded through capital contributions from its members. The Reporting Persons are evaluating their investments and may engage in additional transactions, such as acquiring more securities or exploring corporate transactions including mergers, reorganizations, or other significant changes. The beneficial ownership reported reflects ownership of Common Stock as of January 30, 2025, based on a total of 225,288,832 shares outstanding.
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Additional details:
Holder Name: PE One Source Holdings, LLC
Number Of Shares: 8143635
Purchase Price Per Share: 4.00
Total Amount Invested: 32574540.00
Acquired For: investment purposes
Evaluation Factors: business condition, market conditions, alternative investments
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