other material
confidence high
sentiment neutral
materiality 0.70
Energy Services of America prices $20M public offering of 1.74M shares at $11.50/sh
Energy Services of America CORP
- Priced public offering of 1,740,000 shares at $11.50 per share for gross proceeds of ~$20.0M.
- Net proceeds estimated at ~$18.4M after underwriting discounts and offering expenses.
- Underwriter has 30-day option to purchase up to an additional 261,000 shares.
- Proceeds to be used for general corporate purposes, working capital, and potential acquisitions.
- Offering expected to close on February 20, 2026; Lake Street Capital Markets sole underwriter.