Infinity Natural Resources, Inc. Announces Full Exercise and Closing of Over-allotment Option
February 06 2025 - 3:15PM
Business Wire
Infinity Natural Resources, Inc. (“Infinity”) (NYSE: INR)
announced today that the underwriters of its previously announced
initial public offering (“IPO”) of 13,250,000 shares of its Class A
common stock have fully exercised their option to purchase an
additional 1,987,500 shares of Class A common stock at the IPO
price of $20.00 per share, less underwriting discounts and
commissions, resulting in net proceeds of $37,365,000 to Infinity.
The exercise of the underwriters’ option closed on February 6,
2025.
Citigroup, Raymond James and RBC Capital Markets are acting as
joint book-running managers for the offering. BofA Securities,
Capital One Securities and Truist Securities are also acting as
joint book-running managers. KeyBanc Capital Markets and Stephens
Inc. are acting as senior co-managers. Comerica Securities, Fifth
Third Securities, First Citizens Capital Securities and BTIG are
acting as co-managers. BOK Financial Securities, Inc. and Zions
Capital Markets are acting as junior co-managers. The offering of
these securities is being made only by means of a prospectus
meeting the requirements of Section 10 of the Securities Act of
1933, as amended. When available, a copy of the final prospectus
may be obtained from Citigroup, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717, by telephone at
800-831-9146; Raymond James & Associates, Inc., Attention:
Syndicate, 880 Carillon Parkway, St. Petersburg, Florida 33716, by
telephone at 800-248-8863 or by email at
prospectus@raymondjames.com; or RBC Capital Markets, LLC,
Attention: Equity Capital Markets, 200 Vesey Street, New York, New
York 10281, by telephone at 877-822-4089 or by email at
equityprospectus@rbccm.com.
Important Information
A registration statement on Form S-1 relating to these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission (the “SEC”). This press release
does not constitute an offer to sell or the solicitation of an
offer to buy securities, and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of that jurisdiction.
About Infinity
Infinity (NYSE: INR) is a growth oriented, free cash flow
generating, independent energy company focused on the acquisition,
development, and production of hydrocarbons in the Appalachian
Basin. Our operations are focused on the volatile oil window of the
Utica Shale in eastern Ohio as well as our stacked dry gas assets
in both the Marcellus and Utica Shales in southwestern
Pennsylvania.
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version on businesswire.com: https://www.businesswire.com/news/home/20250206146619/en/
Infinity Natural Resources, Inc. Gregory Pipkin Jr. Vice
President of Corporate Development and Strategy
ir@infinitynr.com
Infinity Natural Resources (NYSE:INR)
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