Mission Critical Group Names Julie Peffer as CFO
Appointment of CFO: Julie Peffer has been appointed as Chief Financial Officer of Mission Critical Group (MCG), bringing over 30 years of experience from companies like Amazon Web Services and BigBear.ai.
Role and Responsibilities: Peffer will oversee financial, accounting, and IT operations at MCG, supporting the company's growth as a U.S.-based manufacturer in critical power systems.
Leadership Impact: CEO Jeff Drees emphasized that Peffer's financial expertise will be crucial for scaling MCG's power and energy infrastructure platform.
Company Overview: MCG specializes in designing and manufacturing solutions for critical power challenges, operating with over 1,000 employees and extensive manufacturing capabilities across the U.S.
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- Delisting Decision: The NYSE has determined to delist Nine Energy Service's common stock due to its unsuitability for listing, with trading suspended immediately, indicating severe financial distress for the company.
- Bankruptcy Filing: Nine Energy Service filed voluntary petitions under Chapter 11 on February 1, 2026, in the Southern District of Texas Bankruptcy Court to implement a prepackaged reorganization plan, demonstrating the company's need for legal protection to restructure its debts.
- Stock Cancellation: As part of the prepackaged reorganization plan, the company's common stock will be canceled, meaning existing shareholders will lose their investments, reflecting the deterioration of the company's financial condition and uncertainty about its future.
- Right to Appeal: Despite the delisting decision, the company retains the right to seek a review from the Exchange's Board of Directors Committee, indicating that it may attempt to contest the decision to remain listed.
- Bankruptcy Filing: Nine Energy has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas, aiming to implement a prepackaged reorganization plan that is expected to significantly impact its operations and financial health.
- Continued Operations: Despite the bankruptcy filing, Nine Energy will continue to operate as a debtor-in-possession and has filed several customary motions with the Bankruptcy Court seeking first-day relief, including interim approval for the DIP ABL facility.
- Restructuring Agreement: The company has entered into a restructuring support agreement with consenting stakeholders of its 13% senior secured notes due 2028 and lenders under the May 2025 loan and security agreement, indicating some level of creditor support.
- Stock Volatility: Nine Energy's shares have declined nearly 50% over the past year, although they had been rising in recent weeks; however, the bankruptcy filing may further undermine investor confidence and affect future financing capabilities.
- Significant Revenue Growth: DarkIris Inc reported a year-over-year revenue increase of 27.3% for FY25, reaching $10.08 million compared to $7.92 million in FY24, indicating strong market performance and growth potential.
- Stock Price Surge: Following the positive earnings report, DarkIris shares jumped 104.2% in pre-market trading to $0.68, reflecting investor optimism about the company's future prospects.
- Positive Market Reaction: The release of this earnings report has significantly increased market attention on DarkIris, enhancing investor confidence in its continued growth and potentially attracting more capital inflow.
- Optimistic Industry Outlook: The robust performance of DarkIris not only strengthens its market position but may also provide more opportunities for future financing and expansion plans, further solidifying its competitive edge in the industry.
- Bankruptcy Filing: Nine Energy Service, Inc. has voluntarily filed for a prepackaged Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Texas, aiming to eliminate approximately $320 million in senior secured notes, thereby reducing annual interest expenses by about $40 million.
- Restructuring Vote: The company has begun soliciting votes on its restructuring plan ahead of the Chapter 11 filing and expects to complete the process and emerge from bankruptcy within 45 days, demonstrating confidence in a swift operational recovery.
- Financing Support: Nine Energy has secured a commitment for $125 million in debtor-in-possession financing from its existing asset-based lender to support operations throughout the Chapter 11 process, ensuring liquidity during the restructuring phase.
- Exit Financing Commitment: The existing ABL lender has also committed to providing a $135 million exit ABL facility upon emergence from Chapter 11, further enhancing the company's financial stability and potential for future growth.
- Management Integration: Ninepoint Partners LP announced the elimination of the sub-advisor for the Ninepoint Silver Equities Fund effective December 15, 2025, aiming to enhance portfolio management efficiency through a more integrated approach, which is expected to strengthen the fund's investment decision-making capabilities.
- Advisory Agreement Termination: The sub-advisory agreement with Sprott Asset Management LP will terminate around February 25, 2026, allowing Ninepoint to consolidate management resources and optimize investment strategies for better performance.
- Leadership Transition: Nawojka Wachowiak will take on the role of lead portfolio manager, bringing 25 years of capital markets experience, which is anticipated to provide stronger professional guidance for the fund's strategic direction and investment decisions.
- Unchanged Investment Objective: Despite the management changes, the Ninepoint Silver Equities Fund will continue to focus on investing in companies involved in the exploration, mining, production, or distribution of silver, ensuring continuity and stability in its investment strategy.

Q3 Financial Performance: Nine Energy Service reported a Q3 GAAP EPS of -$0.35, with revenue of $132.03 million, reflecting a 4.4% year-over-year decline, and an adjusted EBITDA of $9.6 million.
Return on Investment and Cash Flow: The company generated a return on invested capital (ROIC) of -23.1% and net cash used in operating activities of $9.9 million during Q3 2025.










