Tellurian (TELL) Announces $35 Million Registered Direct Offering of Common Shares
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Tellurian Announces $35 Million Registered Direct Offering
July 22, 2020 9:15 AM EDTHOUSTON--(BUSINESS WIRE)-- Tellurian Inc. (Tellurian or the Company) (Nasdaq: TELL) today announced that it has entered into a securities purchase agreement with certain institutional investors for the sale of 35,000,000 shares of common stock at a price of $1.00 per share for total gross proceeds of $35,000,000. The offering will generate net cash proceeds of approximately $32.5 million after deducting estimated expenses in connection with the offering.
The registered direct offering is expected to close on or about July 24, 2020, subject to the satisfaction of customary closing conditions. Roth Capital Partners is acting as the... More
