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Stock impact report

ProPetro Holding Corp. Announces Pricing of Upsized Public Offering of Common Stock

ProPetro Holding Corp. (PUMP) 
Last propetro holding corp. earnings: 3/31 04:54 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.propetroservices.com
Company Research Source: Business Wire
MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. (“ProPetro” or the “Company”) (NYSE: PUMP) today announced the pricing of an upsized underwritten public offering of 15,000,000 shares of its common stock, par value $0.001 per share (“Common Stock”), at a price to the public of $10.00 per share, pursuant to an effective shelf registration statement on Form S-3 (the “Registration Statement”) filed with the U.S. Securities and Exchange Commission (the “SEC”). The 15,000,000 share offering represents a 2,500,000 share upsize to the originally proposed 12,500,000 share offering.The Company intends to use the net proceeds it receives from the offering for general corporate purposes, including to fund growth capital for additional power generation equipment.The Company has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of Common Stock at the public offering price, less the underwriting discounts and commissions.Goldman Sachs & Co. LLC is Show less Read more
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