Ring Energy, Inc. Announces Proposed Public Offering
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Ring Energy (REI) Prices $20M Offering at $0.70/Unit; Announces Concurrent Registered Direct Offering at 5.7% Premium to Prior Day Close
October 27, 2020 8:36 AM EDTRing Energy, Inc. (NYSE: REI) today announced the pricing of an underwritten public offering of (i) 8,343,000 Common Shares, (ii) 13,428,500 Pre-Funded Warrants and (iii) 21,771,500 Common Warrants at a combined purchase price of $0.70. The gross proceeds to Ring Energy from this offering are expected to be approximately $15,240,000, before deducting underwriting... More
