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Cactus prices secondary public offering of common stock at $308.1M

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Cactus prices secondary public offering of common stock at $308.1M

Cactus Inc. on March 19 priced its previously announced secondary underwritten offering of 8,500,000 shares of its class A common stock by selling stockholders for $308.1 million.

The company will not receive any proceeds from the offering, which is expected to close March 21, subject to customary closing conditions.

Citigroup and Credit Suisse are acting as joint book-running managers for the offering.