FTS International Receives Notice Of Non-Compliance From NYSE American

FTS International, Inc. (NYSE:FTSI) (the "Company" or "FTS International") announced today that the Company received a notice from NYSE American on January 4, 2022 that the Company is not in compliance with the continued listing standards set forth in Section 704 of the NYSE American Company Guide due to the Company's failure to hold an annual meeting for the fiscal year ended December 31, 2020 on or before December 31, 2021.

As previously announced, on October 21, 2021, the Company entered into an Agreement and Plan of Merger, by and among the Company, ProFrac Holdings, LLC, a Texas limited liability company ("ProFrac"), and ProFrac Acquisitions, Inc., a Delaware corporation and wholly owned subsidiary of ProFrac ("Merger Sub"), pursuant to which Merger Sub will merge (the "Merger") with and into the Company, with the Company surviving as a wholly owned subsidiary of ProFrac. The Company expects the Merger to close in the first quarter of 2022, subject to the satisfaction of applicable closing conditions. Upon closing of the Merger, the Company's common stock will no longer be listed on NYSE American and the Company will be a wholly owned subsidiary of ProFrac.