Magnolia Oil & Gas plans to use equity offering proceeds to fund WildFire Intermediate acquisition
MGY•Equity offering proceeds earmarked for acquisition
Magnolia Oil & Gas outlined plans to use net proceeds from a $23.75-a-share equity offering to help fund Magnolia Operating’s planned acquisition of WildFire Intermediate Holdings.
The deal sold 46,315,790 Class A shares, with underwriters fully exercising a 30-day option for 6,947,368 additional shares. The offering closed on July 22, 2026.
If the acquisition does not close, the proceeds are slated for general corporate purposes, including debt repayment or capital spending.
