U.S. Energy Corp. (NASDAQ: USEG) announced the pricing of an underwritten public offering of 8.8 million shares at $1.00 per share, resulting in gross proceeds of approximately $8.8 million. The offering is expected to close on March 10, 2026, subject to customary conditions. Roth Capital Partners is serving as the sole book-running manager for the offering.
The company stated that it intends to use the net proceeds from the offering to fund growth capital for its industrial gas development project, which includes a processing plant and associated infrastructure, as well as to support ongoing operations. This move underscores U.S. Energy's commitment to expanding its industrial gas capabilities and strengthening its financial position.
U.S. Energy Corp. is building an integrated energy and carbon management platform. The company owns and operates the Big Sky Carbon Hub and Cut Bank oil field in Montana, generating three independent revenue streams: helium, carbon management, and oil. This diversified asset base positions U.S. Energy at the intersection of critical supply, domestic energy production, and federal energy policy.
The offering highlights the company's strategic focus on industrial gas development, which is expected to contribute to its long-term growth. By raising capital through a public offering, U.S. Energy aims to accelerate the development of its industrial gas projects, potentially enhancing shareholder value. The successful pricing of the offering indicates investor confidence in the company's growth strategy and its ability to execute on its plans.
For more details, visit the full press release at https://ibn.fm/CbcLNA. Additional information about U.S. Energy Corp. can be found at www.usnrg.com.
