secwatch.observer — SEC 8-K summary
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Issuer:     Smart Sand, Inc. (SND)
CIK:        0001529628
Form:       8-K
Filed at:   2022-03-08T23:59:59+00:00
Accession:  0001529628-22-000024
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smart Sand acquires idled Wisconsin frac sand mine from Hi-Crush for $6.45M cash
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- Acquired Hi-Crush Blair LLC for $6.45M cash; asset includes idled frac sand mine with 2.8M tons annual capacity and unit-train rail terminal.
- Clearlake Capital affiliates own ~24% of Smart Sand and significant stake in Hi-Crush; transaction approved by disinterested directors.
- Blair mine is currently idled; Smart Sand gains optionality to restart production when market conditions improve.
- Purchase agreement includes customary representations, warranties, and indemnities; closing occurred on March 4, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529628/000152962822000024/0001529628-22-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529628/000152962822000024/snd-20220304.htm
  HTML page:      https://secwatch.observer/filing/0001529628-22-000024

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