We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of U.S. Well Services, Inc. (“USWS” or the “Company”)(NASDAQ: USWS), in connection with the proposed acquisition of the Company by ProFrac Holding Corp. (NASDAQ: PFHC). Under the terms of the merger agreement, the Company’s shareholders will receive 0.0561 shares of ProFrac Class A common stock for each share of USWS Class A common stock owned.
Weiss Law is investigating whether (i) the USWS board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates the USWS shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.