Financing ·
Magnolia Oil & Gas Corporation entered into an underwriting agreement to issue and sell 46,315,790 shares of Class A…
MGYMagnolia Oil & Gas Corp
Magnolia Oil & Gas Corporation entered into an underwriting agreement to issue and sell 46,315,790 shares of Class A common stock at $23.75 per share, with underwriters exercising an additional option to purchase 6,947,368 shares. The company intends to use the net proceeds to fund the acquisition of WildFire Intermediate Holdings, LLC from WildFire Energy I LLC, or for general corporate purposes if the acquisition is not completed. Magnolia Oil & Gas Corporation is an oil and gas exploration and production company.