Weatherford and NCS Multistage Announce Anticipated Election Deadline and Closing Date

HOUSTON, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford”) and NCS Multistage Holdings, Inc. (NASDAQ: NCSM) (“NCS Multistage”) today announced that 5:00 P.M., Eastern Time on August 31, 2026, is the anticipated deadline for NCS Multistage stockholders to elect the form of merger consideration that they would be entitled to receive at the closing of the transaction (the “Election Deadline”).

Under the terms of the merger agreement, NCS Multistage stockholders can elect to receive either (i) 0.554 Weatherford ordinary shares at closing (the “Share Consideration”), or (ii) a combination of 0.239 Weatherford ordinary shares and a cash amount equal to 0.137 Weatherford ordinary shares, subject to proration and certain limitations and adjustments.