3//SEC Filing
ProFrac GDM, LLC 3
Accession 0001415889-25-012348
CIK 0000928054other
Filed
May 7, 8:00 PM ET
Accepted
May 8, 4:07 PM ET
Size
5.8 KB
Accession
0001415889-25-012348
Insider Transaction Report
Form 3
ProFrac GDM, LLC
10% Owner
Holdings
Warrants (right to buy)
Exp: 2032-04-28→ Common Stock (6,000,000 underlying)
Footnotes (2)
- [F1]On April 28, 2025, pursuant to an Asset Purchase Agreement, dated as of April 28, 2025, by and among ProFrac GDM, LLC, a Texas limited liability company ("ProFrac GDM"), ProFrac Holding Corp., a Delaware corporation ("PubCo"), the Issuer, PWRTEK, LLC, a Texas limited liability company and subsidiary of the Issuer ("PWRTEK"), and the other parties named therein, the Issuer issued a warrant to ProFrac GDM to purchase 6,000,0000 shares of the Issuer's Common Stock at an exercise price equal to $0.0001 per share (the "Warrant") as partial consideration for the sale of certain assets by ProFrac GDM to PWRTEK.
- [F2]The Warrant can be exercised on a cashless basis at any time following the date on which the Issuer's stockholders have approved the issuance of the shares of Common Stock underlying the Warrant (the "Stockholder Proposal"). Under certain circumstances, including if stockholder approval for the Stockholder Proposal is not timely obtained, ProFrac GDM may elect to convert the Warrant into a five-year promissory note in a principial amount that will be based upon the then deemed market value of the Warrant.
Documents
Issuer
FLOTEK INDUSTRIES INC/CN/
CIK 0000928054
Entity typeother
IncorporatedTX
Related Parties
1- filerCIK 0002067153
Filing Metadata
- Form type
- 3
- Filed
- May 7, 8:00 PM ET
- Accepted
- May 8, 4:07 PM ET
- Size
- 5.8 KB