U.S. Energy Corp. (NASDAQ: USEG) announced the pricing of an underwritten public offering of 8.8 million shares at $1.00 per share, expected to generate gross proceeds of approximately $8.8 million. The offering, which is anticipated to close on March 10, 2026, subject to customary conditions, is a strategic move to bolster the company's industrial gas development project. Roth Capital Partners is serving as the sole book-running manager for the offering.
The company stated that it intends to use the net proceeds to fund growth capital for its industrial gas development project, including processing plant and infrastructure, as well as to support ongoing operations. This announcement underscores U.S. Energy's commitment to expanding its industrial gas capabilities, which is a key component of its integrated energy and carbon management platform.
U.S. Energy Corp. owns and operates the Big Sky Carbon Hub and Cut Bank oil field in Montana, generating three independent revenue streams: helium, carbon management, and oil. The company is positioned at the intersection of critical supply, domestic energy production, and federal energy policy, according to its corporate profile. The public offering is expected to provide the necessary capital to advance these initiatives.
For more details on the offering, the full press release can be accessed at https://ibn.fm/CbcLNA. Additional information about U.S. Energy Corp. is available at www.usnrg.com.
