Kosmos [NYSE: KOS] Reveals Pricing of Public Offering of Common Stock

Kosmos Energy Ltd. [NYSE: KOS] has declared the pricing of its registered underwritten public offering of 37,500,000 shares of common stock at a price to the public of $3.30. Kosmos has disclosed that it has awarded a 30-day opportunity to underwriters to buy up to an additional 5,625,000 shares of common stock at the public offering price subtracting underwriting discounts.

Kosmos is planning to utilize the net profit from this offering to repay outstanding borrowings under its commercial debt facility, including borrowings incurred to finance a portion of the previously disclosed purchase of Anadarko WCTP Company. The joint book-running managers of the firm for the offering are Barclays, BofA Securities, and Jefferies.

Kosmos Energy Ltd. [NYSE: KOS] shares surged 8.90% during the trading session of Thursday. Allied Esports Entertainment Inc.’s share price went from a low point around $0.97 to briefly over $3.95 in the past 52 weeks, though shares have since pulled back to $3.55. KOS’s market cap has remained high, reaching $1.49 billion at the time of writing.

Furthermore, the offering is being made in accordance with an effective shelf registration statement, including a prospectus, submitted by Kosmos with the U.S. SEC on June 21, 2021. The Offering may only be made by means of a prospectus supplement and an accompanying prospectus.