Flowco Holdings repurchases $16.5 million of shares in secondary offering

Flowco Holdings Inc. (NYSE: FLOC) entered into an underwriting agreement on March 19, 2026, for a secondary public offering of 7.8 million shares of Class A common stock by certain stockholders at $22.00 per share.

The selling stockholders granted underwriters a 30-day option to purchase up to an additional 1.17 million shares. J.P. Morgan Securities LLC and Jefferies LLC served as representatives of the underwriters.

Flowco Holdings did not offer or sell any shares in the offering and received no proceeds from the transaction. The company purchased 780,000 shares of Class A common stock from the underwriters at the same price the underwriters paid the selling stockholders, totaling approximately $16.5 million under its existing share repurchase program.

The underwriting agreement includes standard representations, warranties, closing conditions and termination provisions. Both the company and selling stockholders agreed to indemnify the underwriters against certain liabilities.

The information is based on a company press release statement.

You May Also Be Interested In

• Correction: Kepler Cheuvreux Upgrades Siemens AG (SIE:GR) (SIEGY) to Hold
• VivoPower shifts focus to AI data centers, revises unit spinoff plans
• Prysmian SpA (PRY:IM) (PRYMY) PT Raised to EUR190 at JPMorgan