COBRA ACQUISITIONS LLC ANNOUNCES MONETIZATION OF A PORTION OF THE PREPA RECEIVABLE

December 15, 2023

https://www.prnewswire.com/news-releases/cobra-acquisitions-llc-announces-monetization-of-a-portion-of-the-prepa-receivable-302007053.html

OKLAHOMA CITY, Dec. 6, 2023 /PRNewswire/ — Cobra Acquisitions LLC (“Cobra”), a wholly owned subsidiary of Mammoth Energy Services, Inc., (“Mammoth” or the “Company”) (NASDAQ: TUSK) today announced that, on December 1, 2023, it entered into an agreement to transfer approximately $54.4 million of its outstanding receivable with the Puerto Rico Electric Power Authority (“PREPA”) to SPCP Group, LLC (“SPCP Group”) in exchange for net proceeds of $46.3 million.

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