Talos Energy Inc (TALO) has released an update to notify the public and investors about an entry into a material definitive agreement.
Talos Energy Inc. entered into an agreement with J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, and Mizuho Securities USA LLC to manage the sale of 30 million shares of common stock, with the underwriters fully exercising their option to purchase an additional 4.5 million shares. The offering closed on January 22, 2024, raising approximately $388 million in net proceeds, which will be used to fund part of the acquisition of QuarterNorth Energy, Inc., or for general corporate purposes if the acquisition does not materialize. The offering was made under a shelf registration statement effective since June 14, 2022.
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