Cactus receives HSR clearance for FlexSteel acquisition; closing expected Q1 2023

Cactus, Inc.

HSR waiting period expired Feb 6, 2023; FTC and DOJ took no enforcement action.
Cactus to acquire FlexSteel through merger of its subsidiary with HighRidge Resources.
Remaining customary closing conditions remain; deal expected to close in Q1 2023.
Bylaws amended to designate federal district courts as exclusive forum for Securities Act claims.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Cactus, Inc.: Amended and restated bylaws to include forum selection provisions designating federal district courts as exclusive forum for Securities Act claims (effective 2023-02-07).

Change: bylaw amendment
Effective: 2023-02-07

Exact text from the filing

On February 7, 2023, the Board of Directors of Cactus, Inc. (the “Company”) amended and restated the Company’s bylaws (as so amended the “Amended and Restated Bylaws”) to include forum selection provisions that, among other things, provide that unless the Company consents in writing to the selection of an alternative forum, the federal district courts of the United States of America shall be the exclusive forum for the resolution of any claims under the Securities Act of 1933, as amended.

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Cactus, Inc. filing history →

Source: SEC EDGAR

accession 0001699136-23-000005

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