Solaris Oilfield Infrastructure Announces Filing of Form S-3 to Replace Expired Universal Shelf Registration

Rhea-AI Summary

Solaris Oilfield Infrastructure (NYSE:SOI) has filed a new shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC), replacing its previous registration that expired on October 16, 2021. President and CFO Kyle Ramachandran stated that the renewal reflects standard business practices to maintain current SEC filings and allows for enhanced capital management flexibility. No immediate plans for securities offerings were disclosed. The registration has been submitted but is pending SEC effectiveness.

Positive

• Renewal of the shelf registration statement supports prudent business management.
• Maintaining an active registration allows for flexibility in capital management.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the “Company”) announced today that it has filed a shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC) to replace its previous shelf registration, which was originally effective on October 16, 2018 and expired on October 16, 2021.

“Our recent shelf registration renewal is part of ordinary course of business to keep our SEC filings current,” said Kyle Ramachandran, Solaris President and Chief Financial Officer. “We have no immediate plans to offer securities of any form under the registration statement but believe it is prudent business management and good corporate governance to keep an active universal registration on file with the SEC to maximize flexibility in our capital management.”

The shelf registration statement has been filed with the SEC but has not yet been declared effective by the SEC. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Any offering of the securities covered under the shelf registration statement will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering.

About Solaris Oilfield Infrastructure, Inc.

Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) provides mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented mobile proppant and chemical systems are deployed in many of the most active oil and natural gas basins in the United States. Additional information is available on our website, www.solarisoilfield.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211019005452/en/

Yvonne Fletcher

Senior Vice President, Finance and Investor Relations

(281) 501-3070

IR@solarisoilfield.com

 

Source: Solaris Oilfield Infrastructure, Inc.

FAQ

What is the significance of Solaris Oilfield's new shelf registration statement filed with the SEC?

The new shelf registration statement allows Solaris Oilfield to maintain regulatory compliance and provides flexibility for future capital management, although no immediate offerings are planned.

When did Solaris Oilfield's previous shelf registration statement expire?

The previous shelf registration statement for Solaris Oilfield expired on October 16, 2021.

What type of securities can Solaris Oilfield offer under the new shelf registration?

The specifics regarding the type of securities that can be offered will be detailed in a prospectus once the registration statement becomes effective.

Who is the President and CFO of Solaris Oilfield?

Kyle Ramachandran serves as the President and Chief Financial Officer of Solaris Oilfield Infrastructure.