Wilks Family Restructures $60M Debt into Flotek Equity, Stake Rises to 54.5%
ACDC sits 57% above its 52-week low of $3.08.
Summary
The Wilks family exchanged $60M of Alpine Holdings term loans for 2.3M Flotek shares and exercised a warrant for 6M more shares, raising their Flotek stake to 54.5%.
Key Events · Ownership and Investor Activity · ACDC
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Debt-for-Equity Exchange
ProFrac GDM transferred 2,306,806 Flotek shares to THRC Holdings and Farris C. Wilks in exchange for cancellation of $60,000,000 in Alpine Holdings term loans.
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Warrant Exercise
ProFrac GDM exercised a warrant on March 13, 2026, resulting in issuance of 6,000,000 shares of Flotek common stock.
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Ownership Stake
ProFrac's beneficial ownership of Flotek now stands at 54.5% (20,937,915 shares), up from prior levels.
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Related-Party Transaction
Dan H. Wilks and Farris C. Wilks are brothers and founders of ProFrac; THRC is affiliated with Dan Wilks, making this a related-party exchange.
Analysis · ACDC · Industrial Applications And Services
ProFrac GDM, a Wilks-family entity, converted $60 million of Alpine Holdings term loans into 2.3 million shares of Flotek Industries, while separately exercising a warrant for 6 million shares. The debt-for-equity exchange cancels the loans in full and shifts the Wilks family's beneficial ownership of Flotek to 54.5%. This is a related-party transaction that strengthens the family's control position while eliminating a $60 million liability from the Alpine structure — a meaningful capital restructuring for both entities.
How filings like this one have moved
In the 30 days to Sep 22, 2026, 29.3% of the 1612 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ACDC was trading at $4.85 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $883.3M. The 52-week trading range was $3.08 to $8.22. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.