0000314808 false 0000314808 2023-01-12 2023-01-12 0000314808 us-gaap:CommonClassAMember 2023-01-12 2023-01-12 0000314808 us-gaap:WarrantMember 2023-01-12 2023-01-12
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): January 12, 2023
Valaris Limited
(Exact name of registrant as specified in its charter)

Bermuda |  | 001-08097 |  | 98-1589854
(State or other jurisdiction of incorporation) |  | (Commission File Number) |  | (I.R.S. Employer Identification No.)

Claredon House, 2 Church Street
Hamilton, Bermuda, HM 11
Registrant’s telephone number, including area code: 44 (0) 20 7659 4660
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the For m 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class |  | Ticker Symbol(s) |  | Name of each exchange on which registered
Common Shares, $0.01 par value share |  | VAL |  | New York Stock Exchange
Warrants to purchase Common Shares |  | VAL WS |  | New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company | ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. | ☐

TABLE OF CONTENTS

INFORMATION TO BE INCLUDED IN THE REPORT | 2
Item 7.01 Regulation FD Disclosure | 2
Item 9.01 Financial Statements and Exhibits | 3
SIGNATURE | 4

INFORMATION TO BE INCLUDED IN THE REPORT
Item 7.01 Regulation FD Disclosure
The Fleet Status Report of the Company as of January 12, 2023 is furnished as Exhibit 99.1 to this report.
The information furnished in this Item 7.01 and the information attached to this Form 8-K as Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
2

Item 9.01 Financial Statements and Exhibits
(d) Exhibits

Exhibit No. |  | Description
99.1 |  | Fleet Status Report of Valaris Limited as of Janu ary 1 2, 20 23
101 |  | Interactive data files pursuant to Rule 405 of Regulation S-T formatted in inline Extensible Business Reporting Language
104 |  | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

3

SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

|  | Valaris Limited
January 13, 2023 |  | /s/ CHRISTOPHER T. WEBER
| Christopher T. Weber Senior Vice President and Chief Financial Officer (principal financial officer)

4