Evolution Petroleum prices 3,700,000-share follow-on offering at $3.25 per share - EPM News | RalliesEvolution Petroleum prices 3,700,000-share follow-on offering at $3.25 per share
E
EPM• Follow-on offering priced
- Evolution Petroleum priced an underwritten public offering of 3,700,000 common shares at USD 3.25 each.
- Expected gross proceeds total about USD 12.03 million, before underwriting discounts, commissions, and offering expenses.
- Underwriters hold a 30-day option to buy up to 555,000 additional shares at the offering price, less discounts.
- Closing is expected on August 20, 2026, subject to customary conditions.
- Net proceeds earmarked for a Permian Basin minerals and royalties acquisition, debt funding, cash on hand support, and general corporate purposes.
•
