Flowco Holdings Inc. Closes IPO and Enters Material Agreements

Flowco Holdings Inc. recently completed its initial public offering (IPO) of shares of Class A common stock at a price of $24.00 per share. This offering, which closed on January 17, 2025, saw the company issuing a total of 20,470,000 shares, including an additional 2,670,000 shares exercised by underwriters. The net proceeds from this offering are intended to redeem certain equity interests and reduce existing indebtedness according to a Form 8-K filing submitted to the Securities and Exchange Commission.

In conjunction with the IPO and its closure, Flowco Holdings Inc. has entered into several key agreements. These include:
– An Underwriting Agreement dated January 15, 2025
– A Master Reorganization Agreement dated January 15, 2025
– A Tax Receivable Agreement dated January 17, 2025
– A Registration Rights Agreement dated January 17, 2025
– Various other agreements such as a Stockholders Agreement and a Second Amended and Restated Limited Liability Company Agreement
These agreements mostly align with the terms disclosed in the Registration Statement and the Prospectus previously filed.

Additionally, the company appointed new directors to its Board, including Paul W. Hobby, Cynthia L. Walker, and William H. White, effective January 15, 2025. Each non-employee director was granted 15,625 restricted stock units (RSUs) upon their appointment, vesting as detailed in the Prospectus under Director Compensation.

Flowco Holdings Inc. also adopted its 2025 Equity and Incentive Plan, with associated Employee and Director RSU Agreements effective January 17, 2025. Initial RSU grants were conferred to employees and directors aligned with the objectives outlined in the Prospectus.

Furthermore, the company’s Amended and Restated Certificate of Incorporation and Bylaws became effective on January 15, 2025, as reported in the filing.

The Form 8-K filing also affirmed that these forward-looking statements remain subject to regulatory and environmental risks, underscoring the importance of compliance, strategic planning, and ongoing market assessment for Flowco Holdings Inc. as they navigate the post-IPO landscape.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Flowco’s 8K filing here.

Flowco Company Profile

We are a leading provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry. Our products and services include a full range of equipment and technology solutions that enable our customers to efficiently and cost-effectively maximize the profitability and economic lifespan of the production phase of their operations.