News Releases

Baker Botts Represents Cactus, Inc. and Certain Selling Stockholders in Public Secondary Offering of Class A Common Stock


Deal Description: On March 9, 2021, Cactus, Inc. (NYSE: WHD) (“Cactus”) priced an underwritten public secondary offering (the “Offering”) of 5,500,000 shares of its Class A common stock by certain selling stockholders (the “Selling Stockholders”) at a price to the public of $31.50 per share. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 825,000 shares at the public offering price less the underwriting discount and commissions. Cactus will not receive any of the proceeds from the Offering. Citigroup and Credit Suisse acted as joint book-running managers for the Offering.

Baker Botts represented Cactus and certain selling stockholders in the transaction.

Client: Cactus and certain of the selling stockholders

Baker Botts Lawyers/Office Involved:

Corporate: Adorys Velazquez (Partner; New York), Michael Rosenwasser (Senior Counsel; New York), John Johnston (Special Counsel; New York), Jon Kovacs (Associate; New York), Charlie Gili (Law Clerk; New York)

Tax: Michael Bresson (Partner; Houston), Jared Meier (Senior Associate; Houston)

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit


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