Northern Oil and Gas (NYSE American: NOG) recently announced pricing of its underwritten public offering of 10,000,000 shares of its common stock, including 9,500,000 shares offered by the company and 500,000 shares offered by Cresta Investments LLC and Cresta Greenwood LLC (collectively, the “selling stockholders”), at a price to the public of $20.00 per share. The company granted underwriters a 30-day option to purchase up to an additional 1,500,000 shares. Northern Oil and Gas will not receive any proceeds from any sale of shares by the selling stockholders, whose participation in the offering is driven solely by tax planning purposes. According to the update, 100% of proceeds received by selling stockholders from the offering will be used for charitable purposes. Roth Capital Partners acted as co-manager for the offering, which closed on Nov. 22, 2021.
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About Northern Oil and Gas Inc.
Northern Oil and Gas is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil and gas properties, with a core area of focus in the premier basins within the United States. For more information about the company, visit www.NorthernOil.com.
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