Profrac Holding CORP Schedule 13D activist filings

ProFrac Holding Corp. filings detail significant beneficial ownership stakes held by various Wilks family entities and trusts, with an amendment to a Schedule 13D.

ProFrac Holding Corp. reports an amendment to its Schedule 13D filing, detailing beneficial ownership of Class A common stock by various entities and individuals associated with the Wilks family.

A group of related entities and individuals, including the Wilks family, now beneficially own approximately 88.66% of ProFrac Holding Corp.'s Class A Common Stock.

ProFrac Holding Corp. and its affiliates have filed an amended Schedule 13D, increasing their reported beneficial ownership in Flotek Industries, Inc. to 61.1% and seeking shareholder approval for the exercise of a new 6 million share warrant.

ProFrac Holding Corp. has increased its beneficial ownership in Flotek Industries, Inc. to 53.9% through a strategic transaction involving the sale of mobile power generation assets to Flotek's subsidiary, PWRTEK, in exchange for a $40 million secured note and a warrant to acquire 6 million shares.

An amendment to a Schedule 13D filing reveals that the Wilks family and their associated entities have significantly consolidated their beneficial ownership in ProFrac Holding Corp., now controlling approximately 88.66% of the Class A Common Stock.