Evolution Petroleum prices 3.7M-share offering at $3.25; nets ~$12.4M for Permian acquisition

EVOLUTION PETROLEUM CORP

Priced 3,700,000 shares at $3.25/share; underwriters exercised 30-day option for 555,000 more shares.
Net proceeds ~$12.4M after underwriting discounts and estimated expenses; gross from offering ~$12.0M before option.
Proceeds to fund part of previously announced Permian Basin mineral/royalty acquisition, plus credit facility and cash; not conditioned on deal.
Company and insiders subject to 60-day lock-up; Roth Capital Partners sole book-runner, Northland co-manager.
Offering closed August 20, 2026; shelf registration effective January 27, 2026.

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