Energy Services of America CORP 8-K

What Happened

• Energy Services of America Corporation (ESOA) filed an 8-K reporting that on February 18, 2026 it entered into an underwriting agreement with Lake Street Capital Markets, LLC to sell 1,740,000 shares of its common stock in a registered public offering under its Form S-3 shelf registration. The underwriter has a 30‑day option to purchase up to an additional 261,000 shares. The offering was expected to close on February 20, 2026, with estimated net proceeds to the company of approximately $18.4 million after underwriting discounts, commissions and offering expenses. The company issued press releases on February 18 and February 19 announcing the offering and its pricing.

Key Details

• Underwriter: Lake Street Capital Markets, LLC.
• Shares offered: 1,740,000 common shares; option for an additional 261,000 shares (30 days).
• Expected close date: February 20, 2026.
• Estimated net proceeds to ESOA: ~$18.4 million (after fees and expenses).

Why It Matters

• This offering raises fresh capital for ESOA — a clear, company‑announced financing event providing roughly $18.4M in net proceeds.
• Issuing 1.74M shares (and up to 2.001M if the option is exercised) increases the company’s outstanding share count and therefore dilutes existing shareholders proportionally.
• Investors should note the timing (near-term close) and that the filing includes customary underwriting and indemnification provisions; the company did not specify use of proceeds in this 8‑K.