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ProFrac Holding Seeks Strategic Options To Maximize And Realize Full Value Of Its Proppant Production Segment, Which Operates Through Its Wholly-Owned Alpine Silica Subsidiary

Author: Benzinga Newsdesk | October 02, 2023 07:06am

A variety of options are under strategic review, including a public offering, a sale or merger of Alpine Silica and/or a potential recapitalization. In connection with its strategic review, the company also announces that entities affiliated with its largest shareholders, the Wilks Family, have invested $50 million in perpetual convertible preferred equity securities (the "Preferred Equity") issued by the Company at a conversion price of $20.00 per share.

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