Business Context and Reporting Period
Company: Energy Services of America Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: May 3, 2021
Event Date: April 30, 2021
The filing reports a corporate acquisition event involving the Company's subsidiary, Nitro Construction Services Inc. ("Nitro").
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, margin, debt, or liquidity data for the reporting period. The only specific financial figure disclosed relates to the transaction described below:
- Acquisition Cost: $150,000 cash
Material Changes
Asset Acquisition: On April 30, 2021, Nitro completed the purchase of substantially all assets of Revolt Energy, Inc., a Delaware corporation located in Nitro, West Virginia.
Employment Transition: Employees of Revolt Energy have agreed to continue their employment with Nitro's new subsidiary.
Guidance, Outlook, and Risks
The filing does not provide updated financial guidance, management outlook, specific risk factors, or contingencies beyond the details of the asset purchase. The press release regarding this event is included as Exhibit 99.1 but is not deemed filed for any purpose.
Investor Verification Checklist
- Verify the operational status and integration of Revolt Energy assets into Nitro Construction Services Inc.
- Confirm the impact of the $150,000 cash outlay on the Company's current liquidity position.
- Review the full text of the press release (Exhibit 99.1) for additional strategic context not detailed in the 8-K summary.