Ring Energy (REI) Announces Proposed Common Offering
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Ring Energy, Inc. Announces Proposed Public Offering
October 26, 2020 7:38 PM EDTMIDLAND, Texas--(BUSINESS WIRE)-- Ring Energy, Inc. (NYSE American: REI) ("Ring Energy" or the "Company"), today announced that it intends to offer and sell a combination of shares of its common stock (and/or pre-funded warrants to purchase common stock in lieu thereof) and warrants to purchase shares of its common stock in an underwritten public offering. As part of this offering, Ring Energy intends to grant the underwriters a 45-day option to purchase up to an additional fifteen percent (15%) of the shares of common stock and/or warrants offered in the... More
