Lafayette Energy, an oil and gas E&P operating in Louisiana, withdrew its plans for an initial public offering on Thursday. It had filed in March 2023 to raise $7 million by offering 1.2 million shares at a price range of $5 to $7.
Lafayette Energy is an oil and gas exploration and production company with operations in south central Louisiana, in an area identified as the Imperial Parish Fields. As of its last filing, the company had no revenue-generating operations.
The Denver, CO-based company was founded in 2022 and had planned to list on the Nasdaq under the symbol LEC. Aegis Capital Corp. was set to be the sole bookrunner on the deal.
