Tellurian Announces Public Offering of Common Stock
August 03 2021 - 4:10PM
Business Wire
Tellurian Inc. (Tellurian or the Company) (Nasdaq: TELL) today
announced that it intends to offer for sale shares of its common
stock in an underwritten public offering. The Company also expects
to grant the underwriter of the offering a 30-day option to
purchase additional shares of common stock of the Company to cover
over-allotments, if any. The Company intends to use the net
proceeds from the offering for general corporate purposes,
including the potential acquisition of upstream assets.
B. Riley Securities, Inc. is acting as the sole bookrunner for
the offering.
The offering is being made pursuant to an effective shelf
registration statement of the Company previously filed with the
Securities and Exchange Commission (the “SEC”). The offering may be
made only by means of a prospectus supplement and the accompanying
prospectus. Copies of the preliminary prospectus supplement for the
offering and the accompanying prospectus may be obtained by sending
a request to B. Riley Securities, Inc., Attention: Prospectus
Department, 1300 North 17th Street, Suite 1300, Arlington, Virginia
22209; Telephone: (703) 312-9580, or by emailing
prospectuses@brileyfin.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities, in any state or jurisdiction in which such offer,
solicitation or sale of these securities would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Tellurian Inc.
Tellurian is developing a portfolio of natural gas production,
LNG marketing and trading, and infrastructure that includes an ~
27.6 mtpa LNG export facility and an associated pipeline. Tellurian
is based in Houston, Texas, and its common stock is listed on the
Nasdaq Capital Market under the symbol “TELL.”
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING
STATEMENTS
Statements in this press release related to the Company’s public
offering of common stock and all other statements other than
statements of historical fact are forward-looking statements that
are made pursuant to the Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are subject to a number of risks and uncertainties that
may cause actual results to differ materially from the
forward-looking statements. Tellurian urges you to carefully review
and consider the cautionary statements made in this press release,
the registration statement, the “Risk Factors” section of the
preliminary prospectus supplement for the offering and of the
Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2020, and other filings with the SEC for further
information on risks and uncertainties that could affect the
Company’s business, financial condition and results of operations.
The Company cautions you not to place undue reliance on
forward-looking statements, which speak only as of the date made.
Tellurian undertakes no obligation to update any forward-looking
statements in order to reflect any event or circumstance occurring
after the date of this press release or currently unknown facts or
conditions or the occurrence of unanticipated events. All
forward-looking statements are qualified in their entirety by this
cautionary statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20210803006073/en/
Media: Joi Lecznar EVP Public and Government Affairs
Phone +1.832.962.4044 joi.lecznar@tellurianinc.com
Investors: Matt Phillips Vice President, Investor
Relations Phone +1.832.320.9331
matthew.phillips@tellurianinc.com
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