ProFrac Raises $75M with Stock Offering at $4.00 Per Share

ProFrac has priced its public offering of 18.75 million Class A shares at $4.00 each, aiming to raise about $75 million before expenses. Underwriters have a 30-day option to buy up to an additional $11.25 million in shares. The offering is expected to close on December 14, 2022.

ProFrac Holding Corp. (ACDC) has priced its public offering of 18.75 million Class A shares at $4.00 each, aiming to raise approximately $75 million before expenses. Underwriters have a 30-day option to buy up to an additional $11.25 million in shares. The offering is expected to close on December 14, 2022 [1].

The company's latest earnings announcement revealed a second-quarter 2025 revenue of $501.9 million, down from $579.4 million a year prior, and a net loss of $105.9 million compared to $66.7 million in the same period last year [1]. The company is using the proceeds from this offering to repay debt and support general operations, highlighting ongoing efforts to address financial pressures and liquidity needs [1].

ProFrac's Class A shares trade on Nasdaq under the symbol ACDC, with the last reported sale price of $6.09 on August 11, 2025. The company has 24 active fleets as of July 31, 2025, and approximately 21.5 million tons of annual nameplate proppant capacity across eight mines as of June 30, 2025 [2]. Recent financials in the filing include a Q2 net loss of $(103.5) million, Adjusted EBITDA of $78.6 million for the quarter, free cash flow of $54.4 million for the quarter, and net debt of $1,084.0 million as of June 30, 2025 [2].

Investors should be aware of the company's ongoing efforts to manage liquidity and maintain fleet utilization, with greater pressure now on cost control. The recent equity raise is a strategic move to strengthen the balance sheet and safeguard near-term operations. However, persistent losses remain a key concern for investors [1].

References:
[1] https://simplywall.st/stocks/us/energy/nasdaq-acdc/profrac-holding/news/why-profrac-holding-acdc-is-down-62-after-posting-a-larger-l
[2] https://www.stocktitan.net/sec-filings/ACDC/424b5-pro-frac-holding-corp-prospectus-supplement-debt-securities-f15a9cacb039.html