FTK...Up HUGE after hours...FLOTEK ANNOUNCES SHAREHOLDER APPROVAL OF $2 BILLION+ LONG TERM CONTRACT
HOUSTON, May 10, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, today announced that Flotek's shareholders overwhelmingly approved the previously-announced agreement with ProFrac Holdings, LLC ("ProFrac") to expand the existing long-term supply agreement with one of ProFrac's affiliates.
The results from yesterday's meeting indicate that approximately 98.5% of the votes cast by Flotek common stock voted in favor of the proposal to approve the transactions contemplated by the agreement with ProFrac. The full results of the vote are available in a Current Report on Form 8-K filed with Securities & Exchange Commission on May 9, 2022.
The transactions are expected to close expeditiously, subject to usual and customary closing conditions.
Funny what money can do...$$$
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2morrowsGains is opinion only and should not to be taken as investment advice.
