Fervo Energy (FRVO) said late Tuesday it has priced an initial public offering of 70 million shares at $27 per share.
The offering, upsized from its previous size of 55.6 million shares, is set to close Thursday.
Underwriters have been granted a 30-day option to purchase up to about 10.5 million additional class A common shares.
The shares are expected to begin trading on the Nasdaq on Wednesday under the ticker symbol "FRVO".
Rex International (SGX:5WH) signed an agreement with its chief executive officer, Per Lind, to allot and issue 1.9 million shares at SG$0.089 per share as part of his CEO remuneration package, according to a Tuesday filing with the Singapore Exchange.Shares of the oil and gas exploration company were up over 1% in Wednesday trading.The total value of the proposed issuance is SG$164,650.The issuance will allow the company to allocate cash to streamline its business objectives.
Ring Energy (REI) has launched an underwritten public offering of $60 million shares, with underwriters granted an option to buy up to an additional $9 million in shares, the company said late Tuesday.The company plans to use the proceeds to repay borrowings under its senior secured revolving credit facility, with any remaining funds to be used for general corporate purposes, it said.
Freehold Royalties (FRU.TO) after trade Wednesday reported a 6% year-over-year drop in first-quarter profit as revenue fell, though results topped estimates, while the company said it continues to monitor global geopolitical conditions.The company posted net income of C$35.1 million, or $0.21 per share, compared with $37.3 million, or $0.23, in the year-prior quarter. The consensus estimate among analysts polled by FactSet expected earnings of $0.18 per share.Royalty and other revenue declined 15% to $77.8 million from $91.1 million in the prior-year period.In the first quarter, total production stood at 15,533 boe/d (barrels of oil equivalent per day) including crude oil and natural gas liquids production of 10,136 bbls/d, representing a 65% liquids weighting in the quarter. The company also returned $44 million ($0.27/share) to shareholders through monthly dividends during the period.It also declared a monthly dividend of $0.09 per share to be paid on June 15, 2026, to shareholders of record on May 29.Additionally, Freehold Intends to apply to Toronto Stock Exchange to renew its Normal Course Issuer Bid (NCIB) for a further one-year period. If accepted, the NCIB will commence after the expiry of the current NCIB on May 26, 2026."We continue to expect that our liquids-weighted North American asset base will generate meaningful cash flows with current and expected macroeconomic conditions, supporting the Company's ability to sustain its dividends and deliver robust, long-term shareholder returns," said chief executive David Spyker.The company said it expects that production levels will continue at a moderate level into the second quarter of 2026, before growing through the latter half of the year. It added that any increase in production resulting from current political volatility is more likely to materialize starting in late 2026.Shares of the company closed up $0.20 to $17.75 on Toronto Stock Exchange