secwatch.observer — SEC 8-K summary
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Issuer:     Cactus, Inc. (WHD)
CIK:        0001699136
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0001104659-23-003802
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cactus prices upsized $150M public offering of 2.8M shares to fund FlexSteel acquisition
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- $150M gross proceeds from 2.8M share offering priced at ~$53.53 per share; underwriters' price $51.36.
- 30-day underwriter option for additional 420,561 shares exercised in full on Jan 11, 2023.
- Net proceeds will finance the previously announced acquisition of FlexSteel Technologies Holdings.
- Offering closed Jan 13, 2023; J.P. Morgan, BofA, Piper Sandler led underwriters.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699136/000110465923003802/0001104659-23-003802-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699136/000110465923003802/tm233253d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-003802

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer