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Hallador Energy Company Announces Pricing of Public Offering of Common Stock

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TERRE HAUTE, Ind., Jan. 14, 2026 (GLOBE NEWSWIRE) -- Hallador Energy Company (Nasdaq: HNRG), today a...

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AI Summary

HNRG announced a public offering of 2.78 million shares at $18 per share. The gross proceeds from this offering are expected to be approximately $50 million. Proceeds will support a new natural gas generating facility. Underwriters have a 30-day option to purchase 416,666 additional shares. The closing is expected around January 15, 2026, pending conditions.

Sentiment Rationale

The offering provides significant capital for future growth, similar to past successful equity raises that boosted valuations.

Trading Thesis

Immediate investor sentiment may improve due to new capital infusion for expansion.

Market-Moving

  • HNRG announced a public offering of 2.78 million shares at $18 per share.
  • The gross proceeds from this offering are expected to be approximately $50 million.
  • Proceeds will support a new natural gas generating facility.

Key Facts

  • HNRG announced a public offering of 2.78 million shares at $18 per share.
  • The gross proceeds from this offering are expected to be approximately $50 million.
  • Proceeds will support a new natural gas generating facility.
  • Underwriters have a 30-day option to purchase 416,666 additional shares.
  • The closing is expected around January 15, 2026, pending conditions.

Companies Mentioned

  • NRG (NRG)
  • EXC (EXC)
  • AES (AES)

Corporate Developments

The capital raised will directly facilitate expansion plans, influencing investor confidence and stock performance.

Hallador Energy Company Prices Public Offering of Common Stock

On January 14, 2026, Hallador Energy Company (Nasdaq: HNRG) announced the pricing details of its underwritten public offering. The company plans to offer 2,777,778 shares of its common stock at a public price of $18.00 per share, expecting gross proceeds of approximately $50 million before deducting underwriting fees and other expenses.

Details of the Offering

As part of the offering, Hallador has granted underwriters a 30-day option to purchase up to an additional 416,666 shares of common stock. The completion of this offering is anticipated to occur around January 15, 2026, pending standard closing conditions.

The net proceeds from the public offering will primarily support Hallador's general corporate purposes, which may include initial financial commitments to reserve equipment for a proposed expansion of their natural gas generating facilities.

Underwriters and Regulatory Compliance

Texas Capital Securities will serve as the sole bookrunner for the offering, while Northland Capital Markets and A.G.P./Alliance Global Partners will act as co-managers.

The securities are being issued under an automatic shelf registration statement on Form S-3, which became effective upon filing with the Securities and Exchange Commission (SEC) on January 13, 2026. The offering will only be made through a prospectus supplement and accompanying prospectus.

Access to Offering Documents

Investors can obtain copies of the preliminary prospectus supplement and the accompanying base prospectus from TCBI Securities, Inc. at their Dallas office or via email. Electronic versions will also be available on the SEC's website at www.sec.gov.

Company Overview: Hallador Energy

Hallador Energy Company (Nasdaq: HNRG) is a vertically integrated Independent Power Producer (IPP) located in Terre Haute, Indiana. The company operates two primary businesses: Hallador Power Company, LLC, which generates electricity at its one Gigawatt (GW) Merom Generating Station, and Sunrise Coal, LLC, which supplies fuel to the Merom facility and other clients.

Forward-Looking Statements

This announcement includes forward-looking statements as defined by the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements are based on current expectations and may involve uncertainties and risks that could lead to actual results differing from those predicted.

Investors should refer to Hallador’s annual report on Form 10-K and other SEC filings for more information on potential risks.

Investor Relations Contact

For inquiries, investors can contact:

Sean Mansouri, CFA
Elevate IR
(720) 330-2829
HNRG@elevate-ir.com

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