Secondary Stock Offerings
By The Online Investor Staff, updated Wed., Apr. 17, 7:37 PM
Slide #8. Riley Exploration Permian, Inc. — Secondary Offering
Company: |
Riley Exploration Permian, Inc. (AMEX:REPX) |
Date announced: |
4/3/2024 |
Shares Offered: |
2,100,000 |
Date of Pricing: |
4/4/2024 |
Price Per Share: |
$27.00 |
Secondary Offering Details: |
Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") announced today that it has commenced an underwritten public offering of 2,100,000 shares of its common stock (the "Offering"), which includes 700,000 shares being offered by the Company and 1,400,000 shares being offered by certain of the Company's stockholders (the "Selling Stockholders"). The Company and the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 315,000 shares of common stock. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. -updated 4/4- iley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company") announced today the pricing of its previously announced underwritten public offering of 2,100,000 shares of its common stock at a price to the public of $27.00 per share (the "Offering"), which includes 700,000 shares being offered by the Company and 1,400,000 shares being offered by certain of the Company's stockholders (the "Selling Stockholders"). The Company has granted the underwriters a 30-day option to purchase up to an additional 315,000 shares of common stock. The Offering is expected to close on or about April 8, 2024, subject to customary closing conditions. |
Riley Exploration Permian is an independent oil and natural gas company focused on the acquisition, exploration, development and production of oil, natural gas and natural gas liquids in Texas and New Mexico. Co.'s activities primarily target the horizontal development of the San Andres formation, a shelf margin deposit on the Northwest Shelf of the Permian Basin. Co.'s acreage is primarily located on a contiguous blocks in Yoakum County, TX with additional acreage located in Lea and Roosevelt Counties, NM. Co.'s acreage in Yoakum County offsets Permian Basin San Andres fields, including the Wasson and Brahaney Fields, from the San Andres Formation.
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Company Name: |
Riley Exploration Permian Inc |
Website: |
www.tengasco.com |
Sector: |
Oil & Gas Exploration & Production |
Number of ETFs Holding REPX: |
25 |
Total Market Value Held by ETFs: |
$20.30M |
Total Market Capitalization: |
$585.00M |
% of Market Cap. Held by ETFs: |
3.47% |
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April 17, 2024 7:37 PM Eastern
Strong Buy (4.00 out of 4)
100th percentile
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