U.S. Energy Corp. Announces Closing of Underwritten Public Offering of Common Stock and Exercise in Full of Over-Allotment Option
Portfolio Pulse from
U.S. Energy Corp. has completed its underwritten public offering of common stock, raising approximately $12.1 million in net proceeds. The offering included the full exercise of the over-allotment option by underwriters.
January 23, 2025 | 9:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
U.S. Energy Corp. completed its public offering of 4,871,400 shares, including the over-allotment option, at $2.65 per share, raising $12.1 million in net proceeds.
The completion of the public offering increases the number of shares available in the market, which can lead to a short-term decrease in stock price due to dilution. The successful raising of $12.1 million, however, strengthens the company's financial position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100