Pickering Energy Partners Acted as Co-Manager to Cactus, Inc.

Rhea-AI Summary

On January 13, 2023, Cactus, Inc. (NYSE: WHD) successfully closed a $150 million follow-on public offering, co-managed by Pickering Energy Partners (PEP). This capital raise is part of PEP's ongoing efforts to support energy sector finance, having deployed over $16 billion across various energy sub-sectors. PEP is recognized for providing extensive services including investment banking, capital markets, and consulting, aiming for long-term value for clients in the energy landscape.

Positive

• Successfully closed a $150 million follow-on public offering.
• Pickering Energy Partners has a strong track record, having deployed over $16 billion in energy investments.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Pickering Energy Partners (“PEP”) acted as a co-manager on the $150,000,000 follow-on public offering for Cactus, Inc. (NYSE: WHD) which closed on January 13, 2023.

About Pickering Energy Partners:

Pickering Energy Partners (PEP) is an energy-focused financial services platform. Our expertise spans decades across the entire energy landscape. We’ve deployed over $16 billion across all energy sub-sectors. We are, at our core, trusted energy advisors, investors, and partners alongside our clients. The PEP platform includes Investments, Research, Capital Markets, Investment Banking, and Consulting. Headquartered in Houston, Texas, PEP delivers an experienced, opportunistic team that aims to provide guidance and long-term value for clients while having a positive impact on the companies and communities that PEP invests in.

For more information, please visit www.PickeringEnergyPartners.com.

Pickering Energy Partners LP (“PEP”) is an SEC Registered Investment Adviser. Affiliated PEP Advisory LLC (“PEP BD”) is a registered broker-dealer, member FINRA/SIPC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230117005879/en/

Josh Martin, Managing Director

jmartin@pepadvisory.com

+1.713.955.5338



For media inquiries, contact:

Jennifer Petree / Tina Tallant

pr@petreepartners.com

+1.713.269.3776

Source: Pickering Energy Partners

FAQ

What was the amount raised by Cactus, Inc. in its follow-on public offering on January 13, 2023?

Cactus, Inc. raised $150 million in its follow-on public offering.

Who managed the follow-on public offering for Cactus, Inc. (NYSE: WHD)?

The follow-on public offering for Cactus, Inc. was co-managed by Pickering Energy Partners.

When did Cactus, Inc. close its follow-on public offering?

Cactus, Inc. closed its follow-on public offering on January 13, 2023.

What is Cactus, Inc.'s stock symbol?

Cactus, Inc.'s stock symbol is WHD.