ProFrac Holding Corp. Files Amendment No. 1 to 10-K for Fiscal Year Ended December 31, 2023

TL;DR

<b>ProFrac Holding Corp. has filed an amendment to its 2023 annual report, providing updated information.</b>

AI Summary

ProFrac Holding Corp. (ACDC) filed a Amended Annual Report (10-K/A) with the SEC on April 15, 2024. ProFrac Holding Corp. filed an amendment (10-K/A) to its annual report for the fiscal year ended December 31, 2023. The filing is an amendment, indicating updates or corrections to the original 10-K filing. The company's Class A common stock is registered on The Nasdaq Global Select Market under the ticker symbol ACDC. ProFrac Holding Corp. is incorporated in Delaware and its principal executive offices are located in Willow Park, Texas. The filing confirms the company has filed all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days.

Why It Matters

For investors and stakeholders tracking ProFrac Holding Corp., this filing contains several important signals. This amendment suggests that the original 10-K filing may have contained errors or omissions that needed correction, potentially impacting investor understanding of the company's financial position or operations. As a publicly traded company, timely and accurate SEC filings are crucial for maintaining investor confidence and regulatory compliance; this amendment highlights the ongoing process of financial reporting.

Risk Assessment

Risk Level: low — ProFrac Holding Corp. shows low risk based on this filing. The risk is low as this is an amendment to a 10-K filing, which is a standard reporting requirement for public companies and does not inherently signal new negative developments.

Analyst Insight

Investors should review the specific changes made in Amendment No. 1 to the 10-K filing to understand any updated disclosures regarding ProFrac Holding Corp.'s financial performance or business operations.

Key Numbers

• 2023-12-31 — Fiscal Year End (The reporting period for the 10-K/A filing.)
• 2024-04-15 — Filing Date (The date Amendment No. 1 was filed with the SEC.)
• 001-41388 — Commission File Number (SEC file number for ProFrac Holding Corp.)
• ACDC — Trading Symbol (The ticker symbol for ProFrac Holding Corp. on Nasdaq.)

Key Players & Entities

• ProFrac Holding Corp. (company) — Registrant name
• ACDC (company) — Trading Symbol
• The Nasdaq Global Select Market (company) — Exchange
• Delaware (company) — State of incorporation
• Willow Park, Texas (company) — Principal executive offices location
• December 31, 2023 (date) — Fiscal year end
• 2024-04-15 (date) — Filing date
• 001-41388 (regulator) — Commission file number

FAQ

Industry Context

ProFrac Holding Corp. operates in the oil and gas field services industry, providing services to exploration and production companies.

Regulatory Implications

The company is subject to the reporting requirements of the Securities Exchange Act of 1934, including the filing of annual reports (10-K) and amendments.

What Investors Should Do

1. Review Amendment No. 1 to the 10-K filing for specific changes and updated disclosures.
2. Monitor future filings from ProFrac Holding Corp. for any further financial or operational updates.
3. Analyze the company's performance in the context of the oil and gas services sector.

Key Dates

• 2023-12-31: Fiscal Year End — The period covered by the amended annual report.
• 2024-04-15: Filing Date of Amendment No. 1 — The date the updated 10-K was submitted to the SEC.

Year-Over-Year Comparison

This filing is an amendment (10-K/A) to the original 10-K filing for the fiscal year ended December 31, 2023, indicating that corrections or additions were made to the initial submission.

Key Financial Figures

• $0.01 — tered Class A common stock, par value $0.01 per share ACDC The Nasdaq Global Se
• $11.16 — 8,273,733 based on the closing price of $11.16 per share of the Class A common stock,

Filing Documents

• acdc-20231231.htm (10-K/A) — 489KB
• acdc-ex23_2.htm (EX-23.2) — 3KB
• acdc-ex31_3.htm (EX-31.3) — 16KB
• acdc-ex31_4.htm (EX-31.4) — 16KB
• acdc-ex32_2.htm (EX-32.2) — 15KB
• 0000950170-24-044411.txt (&nbsp;) — 1717KB
• acdc-20231231.xsd (EX-101.SCH) — 350KB
• acdc-20231231_htm.xml (XML) — 70KB

Exhibit and Financial Statement Schedules

Item 15. Exhibit and Financial Statement Schedules. (a) The following documents are filed as part of this Annual Report on Form 10-K: (1) Financial Statements The financial statements of the Company and its subsidiaries were previously filed with the Original Filing under Item 8 of the Original Filing. (2) Financial Statement Schedules Schedule I – Condensed Financial Information of Registrant. Other schedules have been omitted because they are either not required, not applicable or the information required to be presented is included in the Company's consolidated financial statements and notes thereto. (3) Exhibits Exhibit No. Description 2.1 Agreement and Plan of Merger, dated as of October 21, 2021, by and between FTS International, Inc., ProFrac Holdings, LLC and ProFrac Acquisitions, Inc. (incorporated by reference to Exhibit 2.1 to ProFrac Holding Corp.'s Registration Statement on Form S-1 (File No. 333-261255) filed with the SEC on November 22, 2021). 2.2 Master Reorganization Agreement, dated as of May 12, 2022, by and among ProFrac Holdings, LLC, ProFrac Holding Corp. and the other parties thereto (incorporated by reference to Exhibit 2.1 to ProFrac Holding Corp.'s Current Report on Form 8-K filed with the SEC on May 18, 2022). 2.3 Agreement and Plan of Merger, dated as of June 21, 2022, by and among U.S. Well Services, Inc., ProFrac Holding Corp. and Thunderclap Merger Sub I, Inc. (incorporated by reference to Exhibit 2.1 to ProFrac Holding Corp.'s Current Report on Form 8-K filed with the SEC on June 24, 2022). 2.4 Master Reorganization Agreement, dated as of November 1, 2022, by and among U.S. Well Services Holdings, LLC, ProFrac Manufacturing, LLC, ProFrac Services, LLC, USWS Holdings LLC, U.S. Well Services, LLC, USWS Fleet 10, LLC and USWS Fleet 11, LLC (incorporated by reference to Exhibit 10.1 to U.S. Well Services, Holdings, LLC's Current Report on Form 8-K filed with the SEC on Nov. 7, 2022). 3.1 Second Amended

View Full Filing

View this 10-K/A filing on SEC EDGAR