0000899243-21-028382.txt : 20210714
0000899243-21-028382.hdr.sgml : 20210714
20210714195603
ACCESSION NUMBER: 0000899243-21-028382
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210712
FILED AS OF DATE: 20210714
DATE AS OF CHANGE: 20210714
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Wilks Farris
CENTRAL INDEX KEY: 0001641794
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38025
FILM NUMBER: 211091390
MAIL ADDRESS:
STREET 1: 17018 INTERSTATE 20
CITY: CISCO
STATE: TX
ZIP: 76437
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: U.S. WELL SERVICES, INC.
CENTRAL INDEX KEY: 0001670349
STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389]
IRS NUMBER: 811847117
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1360 POST OAK BOULEVARD, SUITE 1800
CITY: HOUSTON
STATE: TX
ZIP: 77056
BUSINESS PHONE: (832) 562-3730
MAIL ADDRESS:
STREET 1: 1360 POST OAK BOULEVARD, SUITE 1800
CITY: HOUSTON
STATE: TX
ZIP: 77056
FORMER COMPANY:
FORMER CONFORMED NAME: Matlin & Partners Acquisition Corp
DATE OF NAME CHANGE: 20160422
FORMER COMPANY:
FORMER CONFORMED NAME: MP Acquisition I Corp.
DATE OF NAME CHANGE: 20160324
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-07-12
0
0001670349
U.S. WELL SERVICES, INC.
USWS
0001641794
Wilks Farris
17018 INTERSTATE 20
CISCO
TX
76437
0
0
1
0
16.0% Convertible Senior Secured PIK
2021-07-12
4
P
0
2750000.00
A
Class A Common Stock
2200000
2750000.00
D
This Form 4 is being filed to report that, on July 12, 2021, the Reporting Person purchased an aggregate of $2,750,000 in principal amount of 16.0% Convertible Senior Secured (Third Lien) PIK Notes of the Issuer (the "Notes"), that are convertible into shares of Class A Common Stock, pursuant to a Note Purchase Agreement, dated June 24, 2021 (the "Note Purchase Agreement"). The Notes are convertible by the Reporting Person at any time prior to the payment in full of all outstanding principle and interest due under the Notes.
Subject to earlier conversion or redemption in accordance with their terms, the Notes will become due and payable on June 5, 2026 (the "Maturity Date") in a number of shares of Class A Common Stock, determined by dividing (a) the outstanding balance of the principal amount of the Notes (together with the accrued but unpaid interest on the Notes) as of the Maturity Date, by (b) the volume weighted average price of Class A Common Stock for the 20 trading day period immediately preceding the Maturity Date (or in such other manner as determined pursuant to the terms of the Note Purchase Agreement).
All or any portion of the Notes may be converted at the election of the holder thereof at any time into a number of shares of Class A Common Stock, determined by dividing (a) the outstanding balance of the principal amount of the Notes being converted (together with the accrued but unpaid interest thereon) as of the applicable conversion date, by (b) a conversion price of $1.25, which such conversion price is subject to certain anti-dilution adjustments in accordance with its terms.
This number represents the number of shares of Class A Common Stock issuable upon conversion of the Notes if the holder thereof elects to convert the Notes based on the principal amount of the Notes and the conversion price applicable to the Notes.
/s/ Matthew Wilks, as attorney-in-fact
2021-07-14