Riley Exploration Permian enters $50M ATM equity distribution agreement

Riley Exploration Permian, Inc.

Up to $50M of common stock may be sold via Truist, Janney Montgomery Scott, and Roth Capital Partners.
Agents receive an aggregate commission of up to 3.0% of gross proceeds from shares sold.
Sales will be made as 'at the market offerings' on NYSE American; Company has no obligation to sell.
Company may suspend or terminate the offering at any time upon 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

Riley Exploration Permian, Inc. entered into Equity Distribution Agreement with Truist Securities, Inc., Janney Montgomery Scott LLC, and Roth Capital Partners, LLC valued at up to $50,000,000 (effective 2023-09-01).

Action: entry
Agreement: atm program
Counterparty: Truist Securities, Inc., Janney Montgomery Scott LLC, and Roth Capital Partners, LLC
Value: up to $50,000,000
Effective: 2023-09-01

Exact text from the filing

On September 1, 2023, Riley Exploration Permian, Inc. (the “Company”) entered into an Equity Distribution Agreement (the “Sales Agreement”) with Truist Securities, Inc., Janney Montgomery Scott LLC, and Roth Capital Partners, LLC, as sales agents (the “Agents”), pursuant to which the Company may offer and sell from time to time up to $50,000,000 of shares of the Company’s common stock

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Riley Exploration Permian, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-23-042395

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