U.S. Well Services Inc - Ordinary Shares - Class A

NASDAQ:USWS   3:56:52 PM EDT
0.96
-0.02 (-2.13%)
Debt Financing / Related, Earnings Announcements

Profrac Holding Corp. To Acquire U.S. Well Services, Inc.

Published: 06/21/2022 22:21 GMT
U.S. Well Services Inc - Ordinary Shares - Class A (USWS) - Profrac Holding Corp.
to Acquire U.S. Well Services, Inc.profrac Holding Corp.
to Acquire U.S. Well Services, Inc.profrac Holding Corp - Deal Expected to Be Accretive to 2023 Adjusted EBITDA.
Profrac Holding Corp - Expected to Result in Approximately $35 Million of Annual Cost Synergies.
Profrac Holding Corp - Deal Expected to Eliminate Profrac's Expected License Fees to Usws of Approximately $22.5 Million per Year Over Next Four Years.
Profrac - Stock-for-stock Deal With Exchange Ratio of 0.0561 Shares of Co's Class A Common Stock for Each Share of Usws Class A Common Stock.
Profrac Holding Corp - Expects to Separately Finance Remaining Usws Debt at Deal Closing.
Revenue is expected to be $56.37 Million
Adjusted EPS is expected to be -$0.16

Next Quarter Revenue Guidance is expected to be $70.03 Million
Next Quarter EPS Guidance is expected to be -$0.11

More details on our Analysts Page.