ProFrac acquires Performance I & II, pays $6M in Class A stock

ProFrac Holding Corp.

Acquired Performance Holdings I and II via subsidiary Alpine Silica, LLC.
Approximately $6 million of base purchase price paid in ProFrac Class A common stock.
Transaction closed February 24, 2023 per amended Membership Interest Purchase Agreement.
Shares issued in reliance on Section 4(a)(2) and Rule 506(b) exemption from registration.

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