Enservco provides update on restructuring of operations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2025
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Company Restructuring and Transactions: Enservco has completed the sale of its subsidiary Buckshot Trucking, which involved canceling promissory notes and releasing the company from guarantor obligations. Additionally, Heat Waves Hot Oil Service entered a new lease agreement that significantly reduces monthly payments and settles previous financial agreements.
SEC Compliance and OTC Delisting Risk: Enservco did not file its Form 10-K for the fiscal year ended December 31, 2024, to conserve cash flow, leading to a notification from OTCQB regarding potential delisting if compliance is not achieved by May 15, 2025. The company has yet to re-engage its auditor for the necessary financial statements.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
