8-Kfiled May 18, 2022, 7:59 PM ETticker ACDCCIK 0001881487
other materialconfidence highsentiment positivemateriality 0.90
ProFrac Holding Corp. prices IPO at $18.00 per share, completes reorganization
ProFrac Holding Corp.
Offered 16,000,000 Class A shares at $18.00 each; underwriters have 30-day option for 2,400,000 additional shares.
Reorganization converts ProFrac LLC interests into common units; Company admitted as sole managing member of ProFrac LLC.
Issued Class A and Class B shares to FW, THRC Holdings, and other holders; net proceeds used to purchase THRC FTSI Related Equity and fund ProFrac LLC.
Board expanded to five; appointed Sergei Krylov, Terry Glebocki, Stacy Nieuwoudt, and Gerald Haddock as directors.
Adopted 2022 Long Term Incentive Plan with 3,120,708 Class A shares reserved; entered into Tax Receivable and Registration Rights Agreements.
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