Riley Exploration Permian closes public offering, netting ~$25.4M; discloses pending NM acquisition

Riley Exploration Permian, Inc.

Net proceeds of ~$25.4M from offering of 2.1M shares (700K new, 1.4M secondary); underwriters exercised 315K option.
Proceeds earmarked for general corporate purposes, including pending acquisition of ~12,500 net acres in Eddy County, NM (closing expected May 2024).
Selling stockholders (Bluescape Riley, Yorktown Energy, Riley Exploration Group) received no proceeds from company shares.
Offering closed April 8, 2024; underwriting agreement dated April 3, 2024.

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 Underwriting Agreement with Bluescape Riley Exploration Holdings LLC, Yorktown Energy Partners VIII, L.P. and Riley Exploration Group, LLC (the Selling Stockholders), and Truist Securities, Inc. and Roth Capital Partners, LLC, as representatives of the several underwriters (effective 2024-04-03).

Action: entry
Agreement: underwriting
Counterparty: Bluescape Riley Exploration Holdings LLC, Yorktown Energy Partners VIII, L.P. and Riley Exploration Group, LLC (the Selling Stockholders), and Truist Securities, Inc. and Roth Capital Partners, LLC, as representatives of the several underwriters
Effective: 2024-04-03

Exact text from the filing

On April 3, 2024, Riley Exploration Permian, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Bluescape Riley Exploration Holdings LLC, Yorktown Energy Partners VIII, L.P. and Riley Exploration Group, LLC (collectively, the “Selling Stockholders”), and Truist Securities, Inc. and Roth Capital Partners, LLC, as representatives of the other several underwriters listed in Schedule A to the Underwriting Agreement (collectively, the “Underwriters”), relating to a public offering of an aggregate of 2,100,000 shares of the Company’s common stock

View on SEC.gov

290 material agreements filed in the last 30 days. Browse all material agreements →

Riley Exploration Permian, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-24-018619

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.