Mammoth Energy Services Subsidiary, Cobra Acquisitions, Announces $150M Receipt From Puerto Rico In Accordance With Settlement Agreement
Portfolio Pulse from Benzinga Newsdesk
Mammoth Energy Services' subsidiary, Cobra Acquisitions, has received $150 million from Puerto Rico as part of a settlement agreement. This payment is significant for Mammoth Energy Services, indicating progress in resolving financial disputes.
October 01, 2024 | 8:18 pm
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Mammoth Energy Services' subsidiary, Cobra Acquisitions, has received $150 million from Puerto Rico as part of a settlement agreement. This payment is a positive financial development for the company.
The receipt of $150 million from Puerto Rico is a significant financial inflow for Mammoth Energy Services, likely improving its cash position and resolving outstanding financial disputes. This development is expected to positively impact TUSK's stock price in the short term.
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