U.S. Energy Raises $8.8M in 8.8M-Share $1.00 Offering to Fund Gas Project
U.S. Energy Corp priced an underwritten offering of 8.8 million common shares at $1.00 per share, raising $8.8 million in gross proceeds. The company intends to deploy net proceeds to fund growth capital for its industrial gas development project, including processing plant infrastructure and upcoming operations.
1. Pricing Details
U.S. Energy Corp announced the pricing of an underwritten offering of 8,800,000 common shares at $1.00 each, generating $8.8 million in gross proceeds. The offering is expected to close on March 10, 2026, subject to customary closing conditions.
2. Use of Proceeds
Net proceeds from the offering will fund growth capital for the company’s industrial gas development project, specifically financing processing plant construction, related infrastructure upgrades, and supporting upcoming operational activities.
3. Offering Manager and Registration
Roth Capital Partners is acting as the sole book-running manager for the transaction. The offering is conducted under a shelf registration statement on Form S-3 that became effective on September 23, 2025.