secwatch.observer — SEC 8-K summary
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Issuer:     U.S. WELL SERVICES HOLDINGS, LLC (—)
CIK:        0001670349
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001193125-22-279233
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 3.01, 3.02, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USWS merger with ProFrac closed; shareholders get 0.3366 PFHC shares; stock delisted
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- Merger effective Nov 1, 2022; each USWS share converted into 0.3366 shares of ProFrac Class A common stock.
- Aggregate equity consideration ~$270M; ProFrac retired ~$170M USWS debt and paid ~$22M prepayment penalties.
- USWS Common Stock (USWS) and Warrants (USWSW) delisted from NASDAQ; deregistration under Section 12(b) requested.
- Post-merger, USWS Inc. converted to LLC named U.S. Well Services Holdings, wholly owned by ProFrac; new management appointed.
- Master Reorganization Agreement transfers USWS assets and contracts to ProFrac Manufacturing and ProFrac Services.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1670349/000119312522279233/0001193125-22-279233-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1670349/000119312522279233/d399429d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-279233

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