Defendant Name: National Energy Services Reunited Corp.

Defendant Type: Public Company

Document Reference: 34-100845-s

Document Details

Legal Case Name In the Matter of National Energy Services Reunited Corp.
Document Name SEC Charges National Energy Services Reunited Corp. with Financial Reporting, Accounting, and Controls Violations
Document Date 28-Aug-2024
Document Format Administrative Proceeding
File Number 3-22037
Allegation Type Issuer Reporting and Disclosure
Document Summary On August 28, 2024, the SEC "announced settled charges against National Energy Services Reunited Corp. ("National Energy"), a former special purpose acquisition company in the oil and natural gas industry, with financial reporting, accounting, and controls failures that required a multi-year restatement of the company's prior financial statements."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Other Compliance Related Undertaking
The SEC ordered that: "if National Energy fails to satisfy the undertakings, the company is ordered to pay an additional civil penalty of $1.2 million."
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:

Civil Penalty

Individual:     $400,000.00 Shared:    

Related Documents:

34-100845 28-Aug-2024 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On August 28, 2024, the SEC instituted settled cease-and-desist proceedings against National Energy Services Reunited Corp., stating: "This matter involves financial reporting, accounting, and controls failures by National Energy, a former special purpose acquisition company ("SPAC")."