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USEG - U.S. Energy drops 10% after pricing stock offering
U.S. Energy Corp.
U.S. Energy (USEG) has priced its public offering of 984K common shares at $5.10/share, for gross proceeds of ~$5M. Underwriter's over-allotment is an additional 147.6K shares. Kingswood Capital Markets is acting as sole bookrunner. Closing date is February 17.Shares down 10% premarket.Previously (Feb. 11): U.S. Energy plummets on stock offering news