Select Water Solutions (WTTR) said late Thursday it priced an underwritten public offering of about 13.7 million of its class A common shares at $12.75 apiece.
The company has provided a 30-day option to the underwriters to acquire up to an additional 2.1 million of its class A common shares, according to the company.
Select Water said it plans to use the net proceeds for general corporate requirements.
Shares of the company were down over 6% in premarket trade Friday.
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