RING ENERGY, INC. (REI) Form 424B5 — May 13, 2026
Ring Energy, Inc. is offering 44,444,445 shares of its common stock at a public offering price of $1.35 per share, raising a total of $60,000,001 in gross proceeds. The net proceeds, estimated at $56,400,001, will be used primarily to repay outstanding borrowings under the company's senior secured revolving credit facility, which currently stands at $426,000,000. The underwriters for this offering are Mizuho Securities USA LLC, BofA Securities, Inc., and Raymond James & Associates, Inc., acting as joint book-running managers.
Key figures
- Total Debt
- 426000000
- Cash Position
- 0
- Gross Proceeds
- 60000001
- Offering Price
- 1.35
- Shares Offered
- 44444445
- Shares Outstanding
- 209409180
- Greenshoe
- 6666666
- Net Proceeds
- 56400001
- Underwriting Discount
- 0.081
Price after filing
Close on the filing date to close N calendar days later (from $1.26). Historical, not a forecast.
AI analysis
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