IPO - US ENERGY CORP

Form Type: 8-K

Filing Date: 2025-01-23

Corporate Action: Ipo

Type: New

Accession Number: 000143774925001631

Filing Summary: On January 22, 2025, U.S. Energy Corp. entered into an underwriting agreement with Roth Capital Partners, LLC for an underwritten offering of 4,236,000 shares of common stock at a price of $2.65 per share. The underwriters have a 30-day option to purchase an additional 635,400 shares, which they exercised in full on January 25, 2025. The net proceeds of approximately $12.1 million from the offering will be used for the development of a recent acquisition in Montana, general corporate purposes, and working capital. Notably, the company is restricted from selling or transferring common stock for 60 days without consent from the representative, with certain exceptions. The offering falls under a previously filed shelf registration statement and is expected to close on January 23, 2025. A legal opinion regarding the validity of the stock issuance has also been filed as part of the report.

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Form Type: 424B5

Filing Date: 2025-01-22

Corporate Action: Ipo

Type: New

Accession Number: 000143774925001563

Filing Summary: U.S. Energy Corp. is offering 4,236,000 shares of its common stock at a public offering price of $2.65 per share, with underwriters granted an option to purchase an additional 635,400 shares. The offering aims to raise approximately $10.5 million (or up to $12.1 million if the overallotment option is fully exercised), intended for use in the development of recently acquired helium properties in Montana, alongside general corporate purposes and working capital. The net proceeds following deductions for underwriting commissions will enhance the company's liquidity and support its strategic initiatives. The Company experienced a market capitalization of approximately $38.8 million as of January 21, 2025, based on the closing stock price of $3.79. The Company has shifted its focus to operated assets and targets organic growth within the helium sector after significant acquisitions in recent years.

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