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Flowco Holdings Inc. Announces Closing of Public Offering by Selling Stockholders and Share Repurchase by the Company
Businesswire· 2026-03-23 20:30
Flowco Holdings Inc. Announces Closing of Public Offering by Selling Stockholders and Share Repurchase by the Company Mar 23, 2026 4:30 PM Eastern Daylight Time Flowco Holdings Inc. Announces Closing of Public Offering by Selling Stockholders and Share Repurchase by the Company Share HOUSTON--(BUSINESS WIRE)--Flowco Holdings Inc. ("Flowco†) (NYSE: FLOC) announced today the closing of an underwritten public offering (the "Offering†) by certain affiliates of GEC Advisors LLC (the "Selling Stockholders†) ...
Flowco Holdings Inc. Announces Pricing of Public Offering by Selling Stockholders
Businesswire· 2026-03-20 03:00
Core Viewpoint - Flowco Holdings Inc. has announced the pricing of a public offering of 7,800,000 shares of its Class A common stock at a price of $22.00 per share, with an additional option for underwriters to purchase up to 1,170,000 shares [1][2]. Group 1: Offering Details - The public offering is being conducted by certain affiliates of GEC Advisors LLC, referred to as the Selling Stockholders [1]. - Flowco will not issue or sell any shares in this offering and will not receive any proceeds from the shares sold by the Selling Stockholders, except as specified in the prospectus supplement [2]. - The offering is expected to close on March 23, 2026, subject to customary closing conditions [1]. Group 2: Share Repurchase - Flowco intends to purchase 780,000 shares of its Class A common stock from the underwriters at the price per share received by the Selling Stockholders in the offering [3]. - The Share Repurchase is conditioned upon the closing of the Offering but is not dependent on the Offering's closure [3]. Group 3: Underwriters and Regulatory Compliance - J.P. Morgan and Jefferies are acting as the joint lead bookrunning managers for the offering [4]. - The registration statement for these securities has been filed with and declared effective by the SEC [5]. Group 4: Company Overview - Flowco is a leading provider of production optimization, artificial lift, and emissions management solutions for the oil and natural gas industry [7]. - The company's offerings include a full range of equipment and technology solutions aimed at maximizing profitability and economic lifespan for oil and natural gas producers [7].