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Stock impact report

CONTANGO ORE ANNOUNCES $50 MILLION UNDERWRITTEN PUBLIC OFFERING OF COMMON STOCK AND PRE-FUNDED WARRANTS [Yahoo! Finance]

Contango ORE, Inc. (CTGO) 
NASDAQ:AMEX Investor Relations: contangoore.com/investor.html
Company Research Source: Yahoo! Finance
that it has priced its underwritten public offering (the "Offering") of common shares (the "Shares") of the Company consisting of 1,975,000 shares of its common stock at a public offering price of $20.00 per share to two institutional investors. In the Offering, Contango also offered a pre-funded warrant to purchase 525,000 shares of its common stock at a purchase price of $19.99 per share, which equals the public offering price per share of the common stock less the $0.01 exercise price per share of each pre-funded warrant. Aggregate gross proceeds from the Offering will be approximately $50 million, before deducting underwriting discounts and commissions and other offering expenses, and excluding the exercise of the pre-funded warrant. All the Shares and pre-funded warrants in the Offering are to be sold by Contango. The closing of the Offering is expected to occur on or about September 26, 2025, subject to the satisfaction of customary closing conditions. Contango ORE, Inc. Logo Show less Read more
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