Select Water Solutions Inc-A美股招股说明书(2026-02-19版)

Select Water Solutions, Inc.Class A Common Stock We are offering $175,000,000 of shares of our ClassA common stock, par value $0.01 per share(“ClassA common stock”) in this offering.statement Unless otherwise stated or the context otherwise indicates, all references to “we,” “us,” “our,” andthe “Company” or similar expressions refer to Select Water Solutions, Inc. and its subsidiaries. Our ClassA common stock is listed on both the New York Stock Exchange and the NYSE Texas,Inc. under the symbol “WTTR.” The last reported sales price of our ClassA common stock oneach of the New York Stock Exchange and on the NYSE Texas, Inc. on February17, 2026 was$13.26 per share.registration Investing in our Class A common stock involves risks. See “Risk Factors”on pageS-9.effective We have granted the underwriters the option to purchase up to an additional $26,250,000 ofshares of ClassA common stock on the same terms and conditions set forth above within 30daysfrom the date of this prospectus. Delivery of the shares of ClassA common stock will be made on or about, 2026.prospectus Neither the U.S. Securities and Exchange Commission nor any state securities commissionhas approved or disapproved of these securities or determined if this prospectussupplement is truthful or complete. Any representation to the contrary is a criminaloffense.preliminary Lead Book-Running Managers J.P. Morgan BofA Securities The date of this prospectus supplement is , 2026. Table of contents Prospectus supplement PageAbout this prospectus supplementS-iiTrademarks and trade namesS-iiCautionary statement regarding forward-looking statementsS-iiSummaryS-1The offeringS-3Summary historical consolidated financial dataS-6Risk factorsS-9Use of proceedsS-14Dividend policyS-15CapitalizationS-16Certain ERISA considerationsS-17Material U.S. federal income tax considerations for non-U.S. holdersS-19UnderwritingS-23Legal mattersS-30ExpertsS-30Where you can find more informationS-30Incorporation of certain information by referenceS-30 Base prospectus About this prospectus1Cautionary statement regarding forward-looking statements2Risk factors4Where you can find more information; incorporation by reference5The company7Use of proceeds8Description of capital stock9Description of depositary shares13Description of warrants14Plan of distribution15Certain ERISA considerations17Legal matters19Experts19 About this prospectus supplement This document is in two parts. The first part is this prospectus supplement, which describes thespecific terms of this offering. The second part contains an accompanying primary baseprospectus relating to sales of shares of ClassA common stock and other securities by SelectWater Solutions, Inc. and gives more general information, some of which may not apply to thisoffering. Generally, when we refer to the prospectus, we are referring to this prospectussupplement and the accompanying base prospectus combined. Unless otherwise indicated,capitalized terms used but not defined herein have the meaning assigned to them in theregistration statement of which this prospectus supplement forms a part. You should read theentire prospectus supplement, as well as the accompanying base prospectus and the documentsincorporated by reference that are described under “Incorporation of Certain Information byReference” in this prospectus supplement. To the extent that any statement we make in thisprospectus supplement is inconsistent with statements made in the accompanying baseprospectus or any documents incorporated by reference herein, you should rely on theinformation contained in this prospectus supplement, which will be deemed to modify orsupersede those made in the accompanying base prospectus or documents incorporated byreference herein or therein. You should rely only on the information included or incorporated by reference in this prospectussupplement and the accompanying base prospectus prepared by us or on behalf of us or to whichwe have referred you. Neither we, the underwriters nor any of our or their representatives haveauthorized any other person to provide you with information different from that included orincorporated by reference in this prospectus supplement and the accompanying base prospectus.If anyone provides you with different or inconsistent information, you should not rely on it. Neitherwe nor the underwriters are making an offer to sell these securities in any jurisdiction where anoffer or sale is not permitted. The information in this prospectus supplement, and the informationin the accompanying base prospectus or contained in any document incorporated by reference isaccurate only as of the date of such prospectus or document incorporated by reference,regardless of the time of delivery of this prospectus supplement or any sale of our ClassAcommon stock. Our business, financial condition, results of operations and prospects may havechanged since that date. This prospectus contains forward-looking statements that