Core Viewpoint - U.S. Energy Corp. successfully closed a public offering of 4,871,400 shares of common stock, raising approximately 2.65 per share, which included 635,400 shares sold through the underwriters' over-allotment option [1]. - Roth Capital Partners served as the sole book-running manager, with Johnson Rice & Company and D. Boral Capital acting as co-managers [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards growth capital for the company's industrial gas development project, including the establishment of new industrial gas wells and a processing plant [2]. - Proceeds from the over-allotment option may also be used to purchase shares of common stock from Sage Road Capital, LLC, a related party [2]. Group 3: Regulatory Compliance - The offering was conducted under a shelf registration statement on Form S-3, which was filed with the U.S. Securities and Exchange Commission and became effective on September 15, 2022 [4].
D. Boral Capital Served as Co-manager to U.S. Energy Corp. (Nasdaq: USEG) in connection with its up to $12.1 Million Public Offering