Diamondback Energy Inc. (NASDAQ: FANG) priced a public offering of 2 million common shares at $90.04 each, the company said June 24.
The selling stockholders are Gulfport Energy Corp. (NASDAQ: GPOR) and entities controlled by Wexford Capital LP. They each are selling 1 million shares, Diamondback said. They will receive all net proceeds, Diamondback added.
The underwriter was given the option to purchase up to 300,000 additional shares, the company said.
The offer is scheduled to close June 27, Diamondback noted.
Credit Suisse Securities (USA) LLC is sole book-running manager, ...