Tamboran Announces Partial Exercise of Underwriters’ Over-Allotment Option
Tamboran Resources Corporation Common stock (TBN)
Company Research
Source: Business Wire
HighlightsTamboran Resources Corporation (“Tamboran” or the “Company”) today announced that the underwriters of its previously completed initial public offering (IPO) of common stock on the New York Stock Exchange (NYSE) have partially exercised their over-allotment option to purchase an additional 308,750 shares at a price of US$24.00 per share. Closing is expected on July 30, 2024, subject to customary closing conditions.The 30-day over-allotment option was granted in connection with Tamboran’s initial public offering of 3,125,000 shares of Common Stock at a price to the public of US$24.00 per share.Tamboran intends to use the US$7.4 million of gross proceeds from the offering as described in the prospectus for the offering to fund the ongoing drilling activities for the proposed Shenandoah South Pilot Project in the Beetaloo Basin. NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation (NYSE:TBN):Further detailsA registration statement on Form S-1 relating to the proposed off
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News
- Tamboran Schedules Fourth Quarter and FY24 Earnings Release and WebcastBusiness Wire
- EP 98 Operational Update: Tamboran Commence Shenandoah South Pilot Project drilling programBusiness Wire
- BOJ to debate rate hike timing as Fed opens door to cuts [Yahoo! Finance Canada]Yahoo! Finance Canada
- Tamboran Resources Corp (NYSE: TBN) is now covered by analysts at Johnson Rice. They set a "buy" rating and a $47.00 price target on the stock.MarketBeat
- Tamboran Resources Corp (NYSE: TBN) is now covered by analysts at Citigroup Inc.. They set a "buy" rating and a $32.00 price target on the stock.MarketBeat
TBN
Sec Filings
- 9/4/24 - Form 4
- 7/31/24 - Form 8-K
- 7/30/24 - Form 8-K
- TBN's page on the SEC website