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)
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