Offering Details - U S Energy Corp closed its underwritten public offering of 4 871 400 shares of common stock at 12 1 million [1] Use of Proceeds - The net proceeds will be used to fund growth capital for the industrial gas development project, including new wells and processing plant equipment, and to support upcoming operations [2] - Proceeds from the over-allotment option may be used to purchase shares of common stock from Sage Road Capital, LLC or its affiliates at the net offering price [2] Offering Management - Roth Capital Partners acted as the sole book-running manager, while Johnson Rice & Company and D Boral Capital served as co-managers for the offering [3] - The Loev Law Firm, PC represented the company, and K&L Gates LLP represented the underwriters [3] Registration and Documentation - The offering was made pursuant to a shelf registration statement on Form S-3, including a base prospectus filed with the SEC, which became effective on September 15, 2022 [4] - The prospectus supplement and accompanying base prospectus are available on the SEC's website and can be obtained by contacting Roth Capital Partners [4] Company Overview - U S Energy Corp is a growth company focused on consolidating high-quality assets in the United States, optimizing production, generating free cash flow, and maintaining attractive shareholder returns [6] - The company is committed to reducing its carbon footprint in its operational areas [6]
U.S. Energy Corp. Announces Closing of Underwritten Public Offering of Common Stock and Exercise in Full of Over-Allotment Option