Riley Permian launches public offering of 2.1M shares; proceeds to fund pending NM acquisition

Riley Exploration Permian, Inc.

2.1M share offering (700k primary, 1.4M secondary); underwriters have 30-day option for 315k more.
Company expects net proceeds for general corporate purposes, including pending acquisition of ~12,500 net acres in Eddy County, NM for cash, expected close May 2024.
Selling stockholders receive no proceeds; Company bears costs except underwriting discounts.
Truist Securities and Roth Capital Partners are joint book-running managers; Janney Montgomery Scott and Tuohy Brothers are co-managers.
Offering subject to market conditions; no assurance of completion or terms.

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