Gulfport Energy Corporation today announced the pricing of the previously announced underwritten block trade of 653,464 shares of its common stock by certain accounts managed and advised by Silver Point Capital, L.P. and MacKay Shields LLC (the “Selling Stockholders”), resulting in total gross proceeds of approximately $84.2 million (the “Offering”). Gulfport will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale of the shares being offered by the Selling Stockholders. The Offering is expected to close on December 14, 2023, subject to customary closing conditions.
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J.P. Morgan is acting as the sole book-running manager for the Offering. The Offering is being made only by means of a prospectus supplement and the accompanying base prospectus, which was filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) on Form S-3 (File No. 333-264674). Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement once available, may be obtained on the SEC’s website at www.sec.gov or by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, at 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (866) 803-9204, or by email at prospectus-eq_fi@jpmchase.com.
This press release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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