Energy Hunter Resources, a Texas-based oil and gas E&P, announced timing for its upcoming IPO on Tuesday. The company plans to price its Regulation A+ IPO during the week of October 30, 2017. Unlike most Reg A+ offerings, Energy Hunter is being underwritten on a firm commitment basis. The deal will not be included in our IPO stats.
The Houston, TX-based company plans to raise $43 million by offering 4.8 million shares at a price range of $8 to $10. At the midpoint of the proposed range, Energy Hunter Resources would command a fully diluted market value of $65 million.
Energy Hunter Resources was founded in 2009 and booked $1 million in sales for the 12 months ended June 30, 2017. It plans to list on the Nasdaq under the symbol EHR. Stifel, B. Riley & Co. and FBR Capital Markets are the joint bookrunners on the deal.
