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THRC Holdings, LP, along with entities THRC Management, LLC, and Dan H. Wilks, reported purchasing 2,500,000 shares of ProFrac Holding Corp. (NASDAQ:ACDC) Class A common stock on August 14, 2025. The insider purchase comes as InvestingPro data shows the stock trading near its 52-week low of $3.43, with technical indicators suggesting oversold conditions. The shares were bought at a price of $4.0, totaling $10,000,000. Following the transaction, THRC Holdings LP directly owns 80,623,143 shares of Class A Common Stock of Issuer, 30,000 shares of Series A Redeemable Convertible Preferred Stock that are convertible into 1,723,770 shares of Class A Common Stock, and warrants to purchase 42,744 shares of Class A Common Stock. According to InvestingPro, analyst price targets range from $5 to $8, suggesting significant potential upside. Discover more insights and 8 additional ProTips with an InvestingPro subscription, including detailed analysis of the company’s financial health and valuation metrics.
In other recent news, ProFrac Holding Corp reported its Q2 2025 earnings, showing a decline in revenue to $520 million from $600 million in the previous quarter. The company also reported a wider-than-expected loss per share of -$0.26, missing the forecasted -$0.2311. Furthermore, ProFrac announced the pricing of its public offering of 18,750,000 shares of Class A common stock at $4.00 per share, aiming to raise approximately $75 million in gross proceeds. This offering includes a 30-day option for underwriters to purchase an additional $11.25 million of Class A common stock. Additionally, ProFrac and Seismos have formed a strategic partnership to launch Closed Loop Fracturing technology across major U.S. oil and gas basins. This collaboration combines ProFrac’s surface automation technology with Seismos’ subsurface monitoring capabilities. The partnership aims to enhance real-time data during hydraulic fracturing operations. These developments reflect ProFrac’s ongoing efforts to innovate and optimize its operations.
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