TETRA TECHNOLOGIES, INC. ANNOUNCES PRICING OF PUBLIC OFFERING OF COMMON STOCK

TETRA Technologies, Inc. (NYSE: TTI) has announced the pricing of an underwritten public offering of 10,810,811 shares of its common stock at a public offering price of $9.25 per share. The offering, which is set to close on June 4, 2026, will generate net proceeds intended for general corporate purposes, including funding a portion of the construction costs associated with TETRA's Arkansas bromine project. The underwriters have also been granted a 30-day option to purchase an additional 1,621,621 shares to cover any over-allotments.

TETRA Technologies is a well-established energy services and solutions company, operating across six continents. The firm focuses on environmentally sustainable services and solutions, with a diverse portfolio that includes Energy Services, Industrial Chemicals, and Critical Minerals. The Arkansas bromine project is a strategic initiative aimed at enhancing the company's capabilities in the critical minerals sector, which has seen increased demand due to the global shift towards renewable energy and electric vehicles.

The decision to pursue this public offering reflects TETRA's commitment to expanding its operational footprint and investing in growth opportunities. The funds raised will not only support the Arkansas bromine project but also provide the company with the flexibility to address other corporate needs. The involvement of prominent underwriters such as J.P. Morgan and Jefferies underscores the market's confidence in TETRA's strategic direction and financial health.

The broader market context for this offering is characterized by a growing emphasis on sustainable practices within the energy sector. As companies increasingly prioritize environmentally friendly solutions, TETRA's focus on critical minerals positions it favorably to capitalize on emerging trends. The public offering comes at a time when investors are keen on supporting companies that align with sustainability goals, which may enhance TETRA's appeal in the capital markets.

Looking ahead, the successful completion of this public offering could strengthen TETRA Technologies' financial position and provide necessary capital for its strategic initiatives. As the company continues to navigate the evolving landscape of the energy sector, its ability to leverage the proceeds from this offering will be critical in maintaining its competitive edge and fulfilling its growth ambitions.