Hallador Energy enters $50M ATM equity offering with B. Riley Securities

HALLADOR ENERGY CO

Entered at-market issuance sales agreement to sell up to $50M of common stock.
B. Riley Securities acts as sales agent under the ATM program.
Shares sold under effective Form S-3 registration statement filed with SEC.
Company filed prospectus supplement dated December 18, 2023.
Either party may terminate agreement on 5 days' notice.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HALLADOR ENERGY CO entered into At Market Issuance Sales Agreement with B. Riley Securities, Inc. valued at aggregate gross proceeds of up to $50,000,000 (effective 2023-12-18).

Action: entry
Agreement: atm program
Counterparty: B. Riley Securities, Inc.
Value: aggregate gross proceeds of up to $50,000,000
Effective: 2023-12-18

Exact text from the filing

On December 18, 2023, Hallador Energy Company (the “Company”) entered into an At Market Issuance Sales Agreement (the “Sales Agreement”) with B. Riley Securities, Inc. (the “Agent”), pursuant to which the Company may issue and sell, from time to time, shares (the “Shares”) of its common stock, par value $0.01 per share (the “Common Stock”), with aggregate gross proceeds of up to $50,000,000 through an “at-the-market” equity offering program under which the Agent will act as sales agent.

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HALLADOR ENERGY CO filing history →

Source: SEC EDGAR

accession 0001104659-23-126645

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