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Stock impact report

U.S. Energy Corp. Announces Pricing of Underwritten Public Offering Of Common Stock

U.S. Energy Corp. (USEG) 
US:NASDAQ Investor Relations: usedc.com/financial-advisors-investors
Company Research Source: GlobeNewswire
HOUSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) -- U.S. Energy Corp. (NASDAQ: USEG, “U.S. Energy” or the “Company”) today announced the pricing of its underwritten public offering of 4,236,000 shares of its common stock, par value $0.01 per share (“Class A common stock”), at a public offering price of $2.65 per share, for total net proceeds, after underwriting commissions, of approximately $10.5 million. Additionally, the Company has granted the underwriters an overallotment of 635,400 shares.   The offering is expected to close on January 23, 2025, subject to customary closing conditions. U.S. Energy plans to use the net proceeds of the offering to fund growth capital for its industrial gas development project, including new industrial gas wells and processing plant and equipment, and to support upcoming operations. In the event the underwriters exercise any portion of the over-allotment, the additional proceeds received by the Company may be utilized to purchase shares of common stock f Show less Read more
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