Under the terms of the agreement, Energy Services' new subsidiary, FAMCO Acquisition, Inc., will purchase substantially all of the operating assets of FAMCO for a base purchase price of $6.95 million, subject to the adjustments and other terms set forth in the agreement. At closing, three-eighths of the purchase price will be paid in cash. One-half of the purchase price will be paid in Energy Services common stock, to be issued as soon as possible after closing, and the remaining one-eighth will be withheld pending a post-closing true-up. The Company currently anticipates the transaction will close on or about October 9, 2026, subject to satisfaction or waiver of the applicable closing conditions and other circumstances that may affect the timing of closing.