Tellurian Announces Exercise of Over-Allotment Option

Tellurian Inc. (Tellurian or the Company) (NASDAQ: TELL) today announced that the underwriters of its previously announced public offering of 10,000,000 shares of the Company’s common stock have purchased an additional 1,500,000 shares of the Company’s common stock pursuant to their over-allotment option. The price to the public in the offering was $10.00 per share. The net proceeds from the exercise of the over-allotment option were approximately $14.5 million, after deducting fees and estimated expenses. The exercise of the over-allotment option closed on January 9, 2018. Credit Suisse Securities (USA) LLC acted as sole book-running manager for the offering, and Tuohy Brothers Investment Research, Inc. acted as co-manager.

Click to Read More

Back to the News