Evolution Petroleum (NYSE: EPM) prices stock sale at $3.25
Rhea-AI Filing Summary
Evolution Petroleum Corporation (EPM) entered into an underwriting agreement with Roth Capital Partners, LLC, under which it sold and issued 3,700,000 shares of common stock at $3.25 per share in an underwritten public offering made off its effective Form S-3 shelf.
The underwriters also received a 30-day option to buy an additional 555,000 shares at $3.25 per share and exercised this option in full on August 19, 2026. Evolution Petroleum reports net proceeds of approximately $12.4 million from the offering and option exercise, which closed on August 20, 2026.
The company, along with its executive officers and directors, agreed to a 60-day lock-up period restricting sales or dispositions of common stock or related securities without the representative’s written consent.
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8-K Event Classification
3 items: 1.01, 7.01, 9.01
3 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Primary shares offered: 3,700,000 shares of common stock
Underwriters’ option shares: 555,000 shares of common stock
Offering price: $3.25 per share
+3 more
6 metrics
Primary shares offered
3,700,000 shares of common stock
Aggregate shares sold under the underwriting agreement at $3.25 per share
Underwriters’ option shares
555,000 shares of common stock
Additional shares subject to 30-day option, exercised in full on August 19, 2026
Offering price
$3.25 per share
Price for both the initial shares and the option shares
Net proceeds
approximately $12.4 million
Net to Evolution Petroleum after underwriting discounts, commissions and estimated expenses
Lock-up period
60 days
Period after the underwriting agreement during which sales by company, officers and directors are restricted
Option exercise period
30 days
Duration of underwriters’ option to purchase additional shares at $3.25 per share
Key Terms
underwriting agreement, shelf registration statement, prospectus supplement, lock-up period, +1 more
5 terms
underwriting agreement financial
"entered into an underwriting agreement with Roth Capital Partners, LLC"
An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.
shelf registration statement regulatory
"The Offering was made pursuant to an effective shelf registration statement on Form S-3"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
prospectus supplement regulatory
"and related prospectus supplement dated August 18, 2026"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
lock-up period financial
"have agreed not to sell or otherwise dispose of any shares of Common Stock"
A lock-up period is a fixed time after a stock offering during which company insiders and early investors are legally barred from selling their shares. It matters because when that restriction expires a large block of previously locked-up shares can enter the market at once, potentially lowering the stock price or spiking trading volume—like opening a floodgate—so investors monitor these dates to anticipate price moves and manage risk.
Securities Act of 1933 regulatory
"including for liabilities under the Securities Act of 1933, as amended"
FAQ
What did Evolution Petroleum (EPM) announce regarding a new stock offering?
Evolution Petroleum entered an underwriting agreement to sell and issue 3,700,000 shares of common stock at $3.25 per share in an underwritten public offering conducted under its effective Form S-3 shelf registration statement.
What were the net proceeds to Evolution Petroleum (EPM) from the offering?
Evolution Petroleum reports net proceeds of approximately $12.4 million from the underwritten public offering and the full exercise of the underwriters’ option, after deducting underwriting discounts, commissions and estimated offering expenses payable by the company.
What was the offering price in Evolution Petroleum’s (EPM) underwritten deal?
Each share of Evolution Petroleum common stock in the offering, including the option shares, was priced at $3.25 per share under the underwriting agreement with Roth Capital Partners, LLC, as representative of the several underwriters.
When did Evolution Petroleum’s (EPM) offering close and under which registration statement?
The underwritten public offering closed on August 20, 2026. It was conducted under an effective Form S-3 shelf registration statement, File No. 333-292785, which was declared effective on January 27, 2026, and a related prospectus supplement dated August 18, 2026.
Is there a lock-up period associated with Evolution Petroleum’s (EPM) offering?
Yes. The company and its executive officers and directors agreed not to sell or dispose of common stock or related securities for a period ending 60 days after the underwriting agreement date, except with the written consent of the underwriters’ representative.
AI-generated analysis. How Rhea-AI works. Not financial advice.
