financetom
Business
financetom
/
Business
/
ProFrac Launches Public Offering Worth $75 Million
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
ProFrac Launches Public Offering Worth $75 Million
Aug 12, 2025 3:17 PM

05:48 PM EDT, 08/12/2025 (MT Newswires) -- ProFrac ( ACDC ) said Tuesday it launched an underwritten public offering of $75 million of its Class A common stock.

It plans to grant the underwriters a 30-day option to buy an additional $11.3 million of its stock, it added.

The company intends to use proceeds from the offering to pay back debt outstanding under its senior secured revolving credit facility, and to explore potential investment opportunities.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Canadian Pacific Kansas City, CSX Introduce New Route Option Via Southeast Mexico Express
Canadian Pacific Kansas City, CSX Introduce New Route Option Via Southeast Mexico Express
Jul 21, 2025
05:05 PM EDT, 07/21/2025 (MT Newswires) -- Canadian Pacific Kansas City ( CP ) and CSX (CSX) said late Monday they have introduced a new route option for customers across the southern US with the Southeast Mexico Express. The new corridor connects customers in Mexico, Texas, and the US southeast, the companies said. The SMX, officially launched on Dec. 1,...
CASI Pharmaceuticals Names David Cory as CEO
CASI Pharmaceuticals Names David Cory as CEO
Jul 21, 2025
05:04 PM EDT, 07/21/2025 (MT Newswires) -- CASI Pharmaceuticals ( CASI ) said Monday it named David Cory as chief executive and member of the board. Wei-Wu He will step down as CEO and will remain as executive chair of the board, the company said. Cory was most recently CEO of LIB Therapeutics, CASI said. ...
Par Pacific, Mitsubishi, ENEOS to Set Up Renewable Fuel Venture in Hawaii
Par Pacific, Mitsubishi, ENEOS to Set Up Renewable Fuel Venture in Hawaii
Jul 21, 2025
05:03 PM EDT, 07/21/2025 (MT Newswires) -- Par Pacific Holdings ( PARR ) , Mitsubishi and ENEOS agreed to establish Hawaii Renewables, a joint venture to produce renewable fuels from Par Pacific's ( PARR ) refinery in Kapolei, Hawaii. Mitsubishi and ENEOS will form Alohi Renewable Energy, which will buy a 36.5% stake in Hawaii Renewables for $100 million in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved