Gulfport Energy Corp. (GPOR) Reports Pricing and Increase in Size of Stock Offering
Gulfport Energy Corp. announced the final pricing of an offering of common stock last week. The company also increased the size of the offering due to strong demand from the institutional investment community. Gulfport Energy is selling 4.8 million shares of its common stock at a price of $32 per share. The company is selling 2.4 million shares and the balance of the shares is being sold by a large shareholder. Gulfport Energy said that the company originally intended to sell 4 million shares but strong interest from investors led to a 20% increase in the size of the offering.…