secwatch.observer — SEC 8-K summary
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Issuer:     ProFrac Holding Corp. (ACDC)
CIK:        0001881487
Form:       8-K
Filed at:   2022-05-18T23:59:59+00:00
Accession:  0001193125-22-153228
Event type: other_material
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 5.03, 5.02, 3.02, 3.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProFrac Holding Corp. prices IPO at $18.00 per share, completes reorganization
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881487/000119312522153228/0001193125-22-153228-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881487/000119312522153228/d343349d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-153228

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