Flowco Holdings Stock Plummets After Secondary Offering Pricing

LootboxPhobia · 2026-03-20T16:37:42+00:00

Flowco Holdings Inc. stock price declined 10% following its announcement to underwrite 7.8 million shares of Class A common stock at $22 per share, below the previous closing price of $23.64. The offering is expected to close on March 23, 2026, and Flowco plans to repurchase 780,000 shares. JPMorgan Chase and Jefferies are acting as joint lead underwriters.

LootboxPhobia

2026-03-20 16:37:42

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Investing.com – Flowco Holdings Inc. (NYSE:FLOC) stock fell 10% after the company announced that certain affiliates of GEC Advisors LLC would underwrite a public offering at $22.00 per share, below the previous closing price of $23.64.

Selling shareholders will issue 7.8 million Class A common shares of Flowco, with underwriters having the option to purchase up to an additional 1.17 million shares within 30 days. The offering is expected to settle on March 23, 2026, subject to customary closing conditions.

Flowco will not issue or sell any shares in this offering, nor will it receive any proceeds from the shares sold by the selling shareholders. However, the company announced plans to repurchase 780,000 shares from the underwriters at the same price as the sale, as part of its existing share repurchase program.

The share repurchase is conditioned on the completion of the offering, but the offering itself is not contingent on the completion of the repurchase.

JPMorgan Chase and Jefferies are serving as joint bookrunners for the offering.

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