{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-055263","form_type":"8-K","ticker":"WHD","cik":"0001699136","company_name":"Cactus, Inc.","filed_at":"2025-06-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.384341+00:00","generated_at":"2026-05-20T02:59:52.052607+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Cactus to acquire 65% of Baker Hughes pressure control business for $344.5M cash","bullets":["Cash purchase price of $344.5M for 65% membership interest in Baker Hughes Pressure Control.","Cactus expects to fund using cash on hand (~$348M as of March 31, 2025) and its ABL credit facility.","After two years, Cactus can call and Baker Hughes can put the remaining 35% at 6x EBITDA, min $530M, max $660M valuation.","Transaction expected to close in H2 2025, subject to antitrust clearance and other customary conditions.","ABL credit facility amended to exclude non-wholly owned and non-U.S. subsidiaries from guarantees and collateral."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-055263","json":"https://secwatch.observer/filing/0001104659-25-055263.json","markdown":"https://secwatch.observer/filing/0001104659-25-055263.md","text":"https://secwatch.observer/filing/0001104659-25-055263.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1699136/000110465925055263/0001104659-25-055263-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1699136/000110465925055263/tm2516702d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T02:59:52.052607+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}