Diamondback Energy (FANG) Launches 11.27M Share Offering by Selling Stockholders
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Diamondback Energy Announces Launch of Secondary Common Stock Offering
September 19, 2024 4:55 PM EDTMIDLAND, Texas, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (Diamondback) announced today the launch of an underwritten public offering of 11,270,000 shares of its common stock by certain Legacy Endeavor Stockholders (the Selling Stockholders), subject to market and other conditions (the Secondary Offering). Diamondback will not receive any proceeds from the sale of the shares by the Selling Stockholders. The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,390,500 shares of common stock.
In addition, Diamondback has authorized the purchase from the underwriters of 2,000,000 shares of... More
