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13D Filing: Fir Tree and Eco-Stim Energy Solutions Inc. (ESES)

Published on July 10, 2017 at 11:07 am by Insider Monkey Staff in Hedge Funds

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Page 3 of 6 – SEC Filing

This
Amendment No. 2 (“Amendment No. 2“) amends the statement on Schedule 13D filed with the Securities and Exchange
Commission (the “SEC“) on March 16, 2017 (the “Original Schedule 13D“) as amended by Amendment
No. 1 filed with the SEC on June 19, 2017 (“Amendment No. 1“, and the Original Schedule 13D as amended by Amendment
No. 1 and this Amendment No. 2, the “Schedule 13D“) with respect to the common stock, $0.001 par value (the “Common
Stock“), of Eco-Stim Energy Solutions, Inc., a Nevada corporation
(the “Issuer“). Capitalized terms used herein and not otherwise
defined in this Amendment No. 2 have the meanings set forth in the Schedule 13D. This Amendment No. 2 amends
Items 3, 4, 5 and 7 as set forth below.

Item 3.	SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

	Item 3 of the Schedule 13D is hereby amended and restated, as follows:

	The Reporting Person used a total of $15,538,045.25 to acquire 11,030,436 shares of Common Stock reported in this Schedule 13D (the “Purchased Shares“). The source of the funds used to acquire the shares of Common Stock reported herein is the working capital of a Fir Tree Fund.

	The Reporting Person acquired an additional 29,538,786 shares of Common Stock upon conversion of the Notes. The Reporting Person used a total of $41,354,301.37 to acquire the Notes. The source of the funds used to acquire the Notes is the working capital of a Fir Tree Fund.

Item 4.	PURPOSE OF TRANSACTION

	Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following:

	On July 6, 2017, a Fir Tree Fund entered into a Securities Purchase Agreement (the “Purchase Agreement“) with the Company pursuant to which such Fir Tree Fund agreed to purchase 9,000,000 shares of Common Stock, at a price of $1.50 per share (the “Private Placement“). The Private Placement closed on July 6, 2017 (the “Closing Date“).

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Fir Tree NYSE:ESES SEC 13D Filing Eco-Stim Energy Solutions Inc. (ESES)