ProFrac Holding Corp. announced the pricing of its underwritten public offering of 18,750,000 shares of its Class A common stock at $4.00 per share. This offering is expected to generate gross proceeds of approximately $75.0 million for the company.
The company has granted the underwriters a 30-day option to purchase up to an additional $11.25 million of its Class A common stock. The offering is anticipated to close on or about August 14, 2025, subject to customary closing conditions.
ProFrac intends to use the net proceeds from this offering to repay borrowings outstanding under its senior secured asset-based revolving credit agreement. Additionally, funds will be allocated to pursue potential investment opportunities and for general working capital purposes.
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