SilverBow Resources, Inc. (SBOW) Announces Proposed 3M Share Offering

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Go back to SilverBow Resources, Inc. (SBOW) Announces Proposed 3M Share Offering

SilverBow Resources Announces Proposed Public Offering of Common Stock

September 12, 2023 4:13 PM EDT

HOUSTON--(BUSINESS WIRE)-- SilverBow Resources, Inc. (NYSE: SBOW) (SilverBow or the Company) today announced that it has commenced an underwritten public offering of 3,000,000 shares of its common stock (the Offering), which includes 2,250,000 shares being offered by the Company and 750,000 shares being offered by an affiliate of Strategic Value Partners, LLC (the Selling Stockholder). The Company and the Selling Stockholder intend to grant the underwriters a 30-day option to purchase up to an additional 450,000 shares. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering... More