Riley Permian launches public stock offering
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Riley Exploration Permian, Inc. has announced a public offering of 2.1 million shares of common stock, with 700,000 shares from the company and 1.4 million shares from certain stockholders. The underwriters have a 30-day option to purchase up to 315,000 additional shares. The proceeds from the company's portion of the offering will be used for general corporate purposes, including funding a pending acquisition of 12,500 net acres in Eddy County, New Mexico. Truist Securities, Inc. and Roth Capital Partners are serving as joint book-running managers for the offering.
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