---
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"
generated_at: "2026-06-10T06:33:31.777445+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ProFrac evaluates strategic alternatives for Alpine Silica; Wilks family invests $50M in preferred equity

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.03, 2.03, 3.02, 3.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-248480
- JSON: https://secwatch.observer/filing/0001193125-23-248480.json
- Plain text: https://secwatch.observer/filing/0001193125-23-248480.txt

## Key facts
- Debt Financings
  ProFrac Holding Corp. incurred debt of $50.0 million with THRC Holdings, LP and FARJO Holdings, LP.
  - Principal: $50.0 million
  - Counterparty: THRC Holdings, LP and FARJO Holdings, LP
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1881487/000119312523248480/0001193125-23-248480-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.