other material
confidence high
sentiment neutral
materiality 0.55
U.S. Energy Corp. prices $12.9M underwritten public offering of common stock
US ENERGY CORP
- Priced public offering of 4,236,000 shares at $2.65/share; total shares including over-allotment 4,871,400.
- Net proceeds estimated at $12.1M after underwriting discounts and offering expenses.
- Proceeds to fund growth capital for industrial gas development project in Montana plus general corporate purposes.
- Underwriters granted 30-day over-allotment option for 635,400 shares; option exercised in full on Jan 25, 2025.
- Roth Capital Partners acts as sole book-running manager; offering expected to close Jan 23, 2025.