Newspaper article THE JOURNAL RECORD

Mammoth Energy Completes IPO

Newspaper article THE JOURNAL RECORD

Mammoth Energy Completes IPO

Article excerpt

OKLAHOMA CITY - Mammoth Energy Services Inc. completed its initial public offering of 7.75 million shares of common stock at a public offering price of $15 per share.

The offering included 7.5 million shares offered by Oklahoma City- based Mammoth and shares were offered by stockholders.

Mammoth Energy's common stock started trading on the Nasdaq Global Select Market Friday under the ticker symbol "TUSK." In trading Wednesday, Mammoth closed up 44 cents, or 3.16 percent, at $14.38.

The Mammoth Energy IPO closed on Wednesday. Underwriters have a 30-day option to purchase up to an additional 1,162,500 shares of common stock at the same price per share, all of which would be sold by stockholders.

Net proceeds to Mammoth Energy from the sale of the common stock totaled $103.2 million.

On Wednesday, Mammoth Energy repaid the outstanding borrowings under its revolving credit facility. …

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