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Cobra Acquisitions LLC Announces Receipt of $150 Million
TUSKMammoth Energy Services(TUSK) Prnewswire·2024-10-01 20:15

OKLAHOMA CITY, Oct. 1, 2024 /PRNewswire/ --Cobra Acquisitions LLC ("Cobra"), a wholly owned subsidiary of Mammoth Energy Services, Inc. ("Mammoth" or the "Company") (NASDAQ: TUSK), today announced the receipt of 150millionfromtheCommonwealthofPuertoRicoinaccordancewiththeSettlementAgreementwiththePuertoRicoElectricPowerAuthority("PREPA").ArtyStraehla,ChiefExecutiveOfficer,commented,"Wearehappytohavereceivedtheinitial150 million from the Commonwealth of Puerto Rico in accordance with the Settlement Agreement with the Puerto Rico Electric Power Authority ("PREPA"). Arty Straehla, Chief Executive Officer, commented, "We are happy to have received the initial 150 million in settlement proceeds. With this first in ...