Cactus Inc.
Description
Priced an underwritten public offering of 10 million shares of its Class A common stock at $33.25 per share. In addition, Cactus has granted the underwriters a 30-day option to purchase up to an additional 1.5 million shares of common stock.
Cactus expects to receive approximately $320.9 million of net proceeds from the offering, after deducting underwriting discounts. Citigroup and Credit Suisse are acting as joint book-running managers for the offering.