Helix Shareholders Approve Hornbeck Merger; Combined Company to Trade as 'HOS' on NYSE
HLX sits 71% above its 52-week low of $6.025.
Summary
Helix shareholders approved the all-stock merger with Hornbeck Offshore at a special meeting on August 31, 2026. The transaction is expected to close September 1, 2026, creating a combined company trading as 'HOS' on the NYSE.
Key Events · M&A and Partnerships · HLX
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Merger Approved by Shareholders
All 12 proposals were voted on at the special meeting; 11 passed, including the share issuance, authorized stock increase, plan of conversion, and Jones Act compliance provisions.
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Corporate Opportunities Provision Rejected
Proposal 10 failed with 57,242,463 votes for vs 69,985,545 against — the only proposal not approved by shareholders.
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Closing Set for September 1, 2026
The transaction is expected to close one day after the vote, with the combined company operating as 'Hornbeck Offshore Services, Inc.' under ticker 'HOS' on the NYSE.
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Ownership Split Confirmed
Hornbeck securityholders will own approximately 55% and Helix shareholders approximately 45% of the combined company on a fully diluted basis.
Analysis · HLX · Energy & Transportation
The final hurdle before the all-stock merger with Hornbeck Offshore Services closes on September 1, 2026, has been cleared: Helix shareholders approved all necessary proposals. The vote was decisive on most items, with over 126 million shares voting in favor of the share issuance and conversion plan. One notable exception: shareholders rejected the corporate opportunities provision (Proposal 10) by a margin of roughly 12.7 million votes. The combined company will operate under the Hornbeck name and trade under the ticker 'HOS', with Hornbeck securityholders owning approximately 55% and Helix shareholders approximately 45% on a fully diluted basis. This is the culmination of a merger process that began in June 2026 and survived an ISS recommendation against the authorized share increase.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 35.7% of the 1872 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HLX was trading at $10.30 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $6.03 to $10.75. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.