secwatch.observer — SEC 8-K summary
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Issuer:     ProFrac Holding Corp. (ACDC)
CIK:        0001881487
Form:       8-K
Filed at:   2023-01-04T23:59:59+00:00
Accession:  0001193125-23-001505
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ProFrac closes $140M REV Energy and $35M Producers acquisitions, adding six frac fleets
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- Acquired REV Energy for $140M: $70M in Class B shares, ~$39M seller note, $25.5M cash, ~$5.5M debt assumed; up to $20M earn-out.
- Acquired Producers Services for ~$35M total: ~half paid in Class A shares, rest cash and debt assumption.
- Adds 6 frac fleets: REV 3 fleets (204,500 HHP) in Rockies/Eagle Ford; Producers 3 fleets (200,000 HHP) in Appalachia/Mid-Continent.
- Expects 45 active fleets by Jan end plus 4 electric fleets under construction; transactions accretive to 2023 earnings and cash flow.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1881487/000119312523001505/0001193125-23-001505-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1881487/000119312523001505/d422552d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-001505

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