ProFrac (ACDC) Registration Filing summary

Company overview and business model

• Technology-focused, vertically integrated energy services provider specializing in hydraulic fracturing, proppant production, and manufacturing for North American unconventional oil and gas E&P companies.

• Operates in three segments: Stimulation Services, Proppant Production, and Manufacturing, with a focus on vertical integration and technological innovation.

• Among the largest well stimulation service providers and in-basin frac sand producers in the U.S., serving major unconventional oil and gas basins.

• Business model leverages technical expertise, asset acquisitions, and custom-tailored solutions for customers.

Financial performance and metrics

• 180,871,183 shares of Class A Common Stock outstanding as of October 2, 2025, with up to 3,171,970 additional shares issuable upon conversion of Series A Preferred Stock.

• 50,000 shares of Series A Preferred Stock outstanding, all held by a small group of related parties.

• No public market for Series A Preferred Stock; Class A Common Stock last traded at $4.00 per share on October 2, 2025.

Use of proceeds and capital allocation

• No proceeds will be received from the resale of shares by selling stockholders; all proceeds go directly to selling stockholders.

• Company will bear registration and related offering expenses but not selling commissions or brokerage fees.