PHX Minerals (PHX) Announces 5M Share Public Offering Of Shares Of Common Stock

April 15, 2021 4:32 PM EDT

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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.

The offering of these securities is being made pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The offering will be made only by means of a prospectus and prospectus supplement. A copy of the prospectus and prospectus supplement relating to these securities may be obtained, when available, from Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, by email: SyndProspectus@stifel.com or by telephone: (855) 300-7136.



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