PHX MINERALS INC Announces Partial Exercise Of Over-Allotment Option prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Operator
Good morning, and welcome to the Synovus first-quarter 2021 earnings call. [Operator instructions] Please note, this event is being recorded. I d now like to turn the conference over to Kevin Brown, senior director of investor relations. Please go ahead.
Kevin Brown
Senior Director of Investor Relations
Thank you, and good morning. During today s call, we will be referencing to slides and press release that are available within the Investor Relations section of our website, synovus.com. Kessel Stelling, chairman and chief executive officer, will begin the call. He will be followed by Jamie Gregory, chief financial officer; and Kevin Blair, president and chief operating officer.
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OKLAHOMA CITY, April 16, 2021 /PRNewswire/ PHX Minerals Inc. (NYSE: PHX) ( PHX or the Company ) announced today that it has priced an underwritten public offering of 5,500,000 shares of the Company s common stock at a price to the public of $2.00 per share. The Company was initially offering 5,000,000 shares of common stock. In addition, the Company granted the underwriters a 30-day option to purchase up to 825,000 additional shares of common stock at the same price per share. The offering is expected to close on or about April 20, 2021, subject to customary closing conditions.
The net proceeds to the Company, after deducting the underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $9,940,000 (exclusive of the proceeds from the underwriters 30-day option to purchase additional shares of common stock). The Company intends to use the net proceeds of the offering to fund a pending acquisi
PHX Minerals Inc Announces Pricing Of Upsized Common Stock Offering prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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OKLAHOMA CITY, April 15, 2021 /PRNewswire/ PHX Minerals Inc. (NYSE: PHX) ( PHX or the Company ) announced today that it has commenced an underwritten public offering of 5,000,000 shares of its common stock (the Common Stock Offering ). PHX also intends to grant the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock.
PHX intends to use the net proceeds from the offering for a pending acquisition and for general corporate purposes.
Stifel is acting as the book-running manager for the offering, and Northland Capital Markets and Seaport Global Securities are acting as co-managers.