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An announcement from Crescent Energy Company Class A (CRGY) is now available.
Crescent Energy Company has launched a public offering of 12 million shares of Class A Common Stock at $10.50 per share, with an option for underwriters to buy an additional 1.8 million shares to cover over-allotments—a move they fully utilized. The offering coincides with the company’s purchase of units from its subsidiary, funded by cash reserves, without direct proceeds from the stock sale. The closing of these transactions is anticipated for March 11, 2024, with the involved selling stockholder retaining a 19.8% stake in the company post-offering.
Find detailed analytics on CRGY stock on TipRanks’ Stock Analysis page.