Gulfport Energy Announces Block Trade of Common Stock by Selling Stockholders
December 11 2023 - 3:05PM
Business Wire
Gulfport Energy Corporation (NYSE: GPOR) (“Gulfport” or the
“Company”) today announced the proposed underwritten block trade
(the “Offering”) of 653,464 shares of its common stock by certain
accounts managed and advised by Silver Point Capital, L.P. and
MacKay Shields LLC (the “Selling Stockholders”). The shares of
common stock will be offered from time to time for sale in one or
more transactions on the New York Stock Exchange, in the
over-the-counter market, through negotiated transactions or
otherwise at market prices prevailing at the time of sale, at
prices related to prevailing market prices or at negotiated prices.
Gulfport will not sell any shares of its common stock in the
Offering and will not receive any proceeds from the sale of the
shares being offered by the Selling Stockholders. The Offering is
subject to market and other conditions, and there can be no
assurance as to whether or when the Offering may be completed.
J.P. Morgan is acting as the sole book-running manager for the
Offering. The Offering will be made only by means of a prospectus
supplement and the accompanying base prospectus, which was filed as
part of an effective shelf registration statement filed with the
Securities and Exchange Commission (the “SEC”) on Form S-3 (File
No. 333-264674). Copies of the preliminary prospectus supplement
and accompanying base prospectus relating to the Offering, as well
as copies of the final prospectus supplement once available, may be
obtained on the SEC’s website at www.sec.gov or by contacting: J.P.
Morgan Securities LLC, c/o Broadridge Financial Solutions, at 1155
Long Island Avenue, Edgewood, NY 11717, or by telephone at (866)
803-9204, or by email at prospectus-eq_fi@jpmchase.com.
This press release shall not constitute an offer to sell, a
solicitation to buy or an offer to purchase or sell any securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Gulfport
Gulfport is an independent natural gas-weighted exploration and
production company focused on the exploration, acquisition and
production of natural gas, crude oil and NGL in the United States
with primary focus in the Appalachia and Anadarko basins. Our
principal properties are located in eastern Ohio targeting the
Utica and Marcellus formations and in central Oklahoma targeting
the SCOOP Woodford and SCOOP Springer formations.
Forward-Looking Statements
This press release includes “forward-looking statements” for
purposes of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934. Forward-looking statements are statements other than
statements of historical fact. They include statements regarding
the Offering, including the completion thereof. Although Gulfport
believes the expectations and forecasts reflected in the
forward-looking statements are reasonable, Gulfport can give no
assurance they will prove to have been correct. They can be
affected by inaccurate or changed assumptions or by known or
unknown risks and uncertainties. Important risks, assumptions and
other important factors that could cause future results to differ
materially from those expressed in the forward-looking statements
are described under “Risk Factors” in Item 1A of Gulfport’s annual
report on Form 10-K for the year ended December 31, 2022 and any
updates to those factors set forth in Gulfport’s subsequent
quarterly reports on Form 10-Q or current reports on Form 8-K.
Gulfport undertakes no obligation to release publicly any revisions
to any forward-looking statements, to report events or to report
the occurrence of unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20231211271717/en/
Investor Contact: Jessica Antle – Vice President,
Investor Relations jantle@gulfportenergy.com 405-252-4550
Gulfport Energy (NYSE:GPOR)
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