Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, exploitation, and investment of onshore oil and gas properties in the United States. The company was founded in 2003 and is based in Houston, Texas.
Evolution Petroleum Announces Pricing of Public Offering of Common Stock
Evolution Petroleum priced a public offering of 3.7 million shares at $3.25 per share, targeting gross proceeds of approximately $12.0 million.
The company plans to use the net proceeds to fund a portion of a previously announced acquisition of oil and natural gas interests in the Permian Basin, supplementing credit facility borrowings and cash on hand.
Roth Capital Partners is acting as sole book-running manager, with the offering expected to close on August 20, 2026.