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Cactus Announces Public Secondary Offering of Common Stock by Selling Stockholders

HOUSTON–(BUSINESS WIRE)–Cactus, Inc. (NYSE: WHD) (“Cactus”) announced today the commencement of
an underwritten secondary offering (the “Offering”) of 8,500,000 shares
of its Class A common stock (“common stock”) by certain selling
stockholders (the “Selling Stockholders”). Cactus will not receive any
of the proceeds from the sale of common stock in the Offering.

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

The securities are being offered and will be sold pursuant to an
automatic shelf registration statement (including a prospectus) that was
previously filed with the Securities and Exchange Commission (the “SEC”)
and became effective upon filing. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor
shall there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or jurisdiction. The Offering is being made only by means of a
prospectus and related prospectus supplement.

Copies of the preliminary prospectus supplement and accompanying base
prospectus related to the Offering may be obtained, free of charge, at
the SEC’s website at www.sec.gov.
Alternatively, copies of the preliminary prospectus supplement and
accompanying base prospectus may be obtained from:

Citigroup Global Markets Inc.
Attention: Broadridge Financial
Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone:
(800) 831-9146

Credit Suisse Securities (USA) LLC
Attention: Prospectus Department
One
Madison Avenue
New York, New York 10010
Telephone: (800)
221-1037
[email protected]

About Cactus, Inc.

Cactus designs, manufactures, sells and rents a range of highly
engineered wellhead and pressure control equipment. Its products are
sold and rented principally for onshore unconventional oil and gas wells
and are utilized during the drilling, completion and production phases
of its customers’ wells. In addition, it provides field services for all
its products and rental items to assist with the installation,
maintenance and handling of the wellhead and pressure control equipment.
Cactus operates 15 service centers in the United States, which are
strategically located in the key oil and gas producing regions,
including the Permian, SCOOP/STACK, Marcellus, Utica, Eagle Ford and
Bakken, among other areas, and one service center in Eastern Australia.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, including statements regarding the size, timing or results
of the Offering, represent Cactus’ expectations or beliefs concerning
future events, and it is possible that the results described in this
press release will not be achieved. These forward-looking statements are
subject to risks, uncertainties and other factors, many of which are
outside of Cactus’ control, that could cause actual results to differ
materially from the results discussed in the forward-looking statements.

Any forward-looking statement speaks only as of the date on which it
is made, and, except as required by law, Cactus does not undertake any
obligation to update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise. New factors
emerge from time to time, and it is not possible for Cactus to predict
all such factors. When considering these forward-looking statements, you
should keep in mind the risk factors and other cautionary statements in
the prospectus and related preliminary prospectus supplement filed with
the SEC in connection with the Offering, Cactus’ Annual Report on Form
10-K for the year ended December 31, 2018 and its other filings with the
SEC. These risk factors and other factors noted in Cactus’ SEC filings
could cause its actual results to differ materially from those contained
in any forward-looking statement.

Contacts

Cactus, Inc.
John Fitzgerald, 713-904-4655
Director of
Corporate Development and Investor Relations
[email protected]