Magnolia Oil & Gas announced a $23.75-per-share equity offering of 46,315,790 shares, with the underwriters fully exercising a 6,947,368-share option.
Key Highlights:
- Offered 46,315,790 Class A shares at $23.75 each; underwriters exercised full 30-day option for 6,947,368 additional shares.
- Equity Offering closed July 22, 2026, under Form S-3 registration and related prospectus supplements.
- Net proceeds expected to help fund Magnolia Operating’s acquisition of WildFire Intermediate Holdings, LLC.
- If acquisition doesn't close, proceeds will be used for general corporate purposes, including debt repayment and capex.
Original SEC Filing:
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