Every 424B that Hallador Energy Company (HNRG) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow HNRG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HNRG filings page.
Hallador Energy Company is offering 2,777,778 shares of common stock at $18.00 per share, with expected net proceeds of about $46.6 million, or $53.6 million if underwriters fully exercise a 416,666-share option. The shares are listed on Nasdaq under “HNRG.” The company plans to use the cash for general corporate purposes, which may include initial financial commitments to reserve equipment for a planned additional natural gas generating facility next to its Merom power plant. After the offering, Hallador expects to have 46,498,457 shares outstanding, or 46,915,123 shares if the underwriter option is fully exercised.
Hallador Energy Company plans to raise $50,000,000 through a primary offering of common stock listed on the Nasdaq Capital Market under the symbol HNRG, with underwriters holding a 30-day option to purchase up to an additional $7,500,000 of shares. The company expects to use the net proceeds for general corporate purposes, including initial financial commitments to reserve equipment for a planned additional natural gas generating facility.
Hallador recently had its application accepted into MISO’s Expedited Resource Addition Study program for a potential 515 MW natural gas project adjacent to its Merom Generating Station, which it targets to bring online in late 2028, subject to a 6- to 9‑month review and significant construction, regulatory and financing risks. The company has also received commitments for new senior credit facilities consisting of a $75.0 million revolving credit facility and a $45.0 million delayed draw term facility, intended to refinance an existing credit agreement and provide working capital, though closing remains subject to customary conditions and may not occur.
Hallador Energy Company is updating its at-the-market common stock program to permit sales of up to $100,000,000 of shares under an existing sales agreement with B. Riley Securities.
The company has already sold Common Stock for aggregate gross proceeds of approximately $50,000,000 under the prior prospectus, and this supplement increases the maximum aggregate gross sales price from $50,000,000 to $100,000,000, enabling up to an additional $50,000,000 of stock sales. The terms of the sales agreement and the offering mechanics remain unchanged, and the shares continue to trade on Nasdaq under the symbol HNRG.