secwatch.observer — SEC 8-K summary
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Issuer:     Cactus, Inc. (WHD)
CIK:        0001699136
Form:       8-K/A
Filed at:   2026-03-19T23:59:59+00:00
Accession:  0001628280-26-019875
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cactus provides audited financials of acquired Surface Pressure Control; FY2024 revenue $503M, net direct expenses $89M
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- Acquisition of 65% of Baker Hughes Pressure Control LLC closed Jan 1, 2026; cash consideration ~$345M.
- SPC FY2024 revenue $503M; revenue less direct expenses $89M (audited).
- SPC 9M 2025 revenue $469M; revenue less direct expenses $96M (unaudited).
- Assets acquired $410M; liabilities assumed $201M as of Sep 30, 2025.
- Baker Hughes retains 35% non-controlling interest in the joint venture.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699136/000162828026019875/0001628280-26-019875-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699136/000162828026019875/whd-20260101.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-019875

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer