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Share this article Share this article HOUSTON, May 12, 2021 /PRNewswire/  U.S. Well Services, Inc. (Nasdaq: USWS) (the Company ) announced today in a Current Report on Form 8-K, that as a result of the recent guidance issued by the Securities and Exchange Commission (the SEC ) on April 12, 2021 1 for all SPAC-related companies regarding the accounting and reporting for their warrants (the SEC Statement ), it will restate its previously issued consolidated financial statements as of and for the years ended December 31, 2018, 2019 and 2020, as well as for the quarterly periods in the years ended December 31, 2019 and December 31, 2020. Any corrections in the accounting for the Company s warrants described below are expected to be non–operational and non-cash, and thus are not expected to have any impact on the Company s Revenue, Operating Income, or non-GAAP financial measures, including EBITDA, Adjusted EBITDA and Adjusted EBITDA margin in prior periods or moving forward.

United statesJosh shapiroWhile the companyUs well servicesExchange commissionCompany revenueUs well services incSource us well services incSecurities exchangeCurrent reportOperating incomeClean fleetPreferred stockSecurities actSecurities exchange actAnnual report