{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-248480","form_type":"8-K","ticker":"ACDC","cik":"0001881487","company_name":"ProFrac Holding Corp.","filed_at":"2023-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.268545+00:00","generated_at":"2026-06-10T06:33:31.777445+00:00","sec_items":["1.01","5.03","2.03","3.02","3.03","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"ProFrac evaluates strategic alternatives for Alpine Silica; Wilks family invests $50M in preferred equity","bullets":["Alpine Silica (proppant segment) to be evaluated for IPO, sale, or recapitalization to unlock value.","$50M perpetual convertible preferred stock issued at $20/share; 8% annual PIK dividend; proceeds to reduce debt.","Wilks family entities made the investment, signaling confidence in ProFrac's future.","Piper Sandler & Co. retained as financial advisor; Brown Rudnick as legal advisor for the review.","Conversion price of $20 implies a sum-of-the-parts valuation above current trading levels."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-248480","json":"https://secwatch.observer/filing/0001193125-23-248480.json","markdown":"https://secwatch.observer/filing/0001193125-23-248480.md","text":"https://secwatch.observer/filing/0001193125-23-248480.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1881487/000119312523248480/0001193125-23-248480-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1881487/000119312523248480/d691723d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T06:33:31.777445+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3ce6b977fb85633e62b0a3c97f4edc2c6434b03f","claim":"ProFrac Holding Corp. incurred debt of $50.0 million with THRC Holdings, LP and FARJO Holdings, LP.","evidence_excerpt":"At the closing of the Private Placement on September 29, 2023 (the “ Closing ”), the Company issued and sold to the Investors 50,000 shares of the Series A Preferred Stock at a purchase price of $1,000.00 per share. The gross proceeds to the Company from the sale of the Series A Preferred Stock were $50.0 million.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1881487/000119312523248480/0001193125-23-248480-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"$50.0 million"},{"label":"Counterparty","value":"THRC Holdings, LP and FARJO Holdings, LP"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}