Tellurian Inc has priced its public offering of 35 mill shares of its common stock to gain total gross proceeds of $105 mill.
The company has granted the underwriter a 30-day option to purchase up to 5.25 mill additional shares to cover any over-allotments.
Tellurian said that it intended to use the net proceeds from the offering for general corporate purposes, including the potential acquisition of upstream assets.
The offering is expected to close today, subject to satisfaction of customary closing conditions.
B Riley Securities is acting as the sole bookrunner for the offering.
