Tamboran Resources slumps 12%, prices equity offering at $21 per share

* Tamboran Resources (NYSE:TBN [https://seekingalpha.com/symbol/TBN]) priced [https://seekingalpha.com/pr/20276594-tamboran-resources-corporation-pricing-of-public-offering-of-common-stock] an underwritten public offering of ~2.33M shares at a price to the public of $21.00 per share.
* The underwriters have a 30-day option to purchase up to an additional 348,666 shares of common stock at the public offering price from the company.
* Gross proceeds are expected to be$48.8M.
* The company intends to use the net proceeds of the offering to fund Tamboran’s development plan, working capital, and other general corporate purposes.
* The offering is expected to close on October 24, 2025.
* The stock price slumped 12% to $21.60 per share on Thursday during pre-market hours of trading.

MORE ON TAMBORAN RESOURCES

* Tamboran Resources to buy Falcon Oil & Gas in C$239M cash and stock deal [https://seekingalpha.com/news/4500125-tamboran-resources-to-buy-falcon-oil-and-gas-in-c-239m-cash-and-stock-deal]
* Tamboran Resources names interim CEO [https://seekingalpha.com/news/4472580-tamboran-resources-names-interim-ceo]
* Seeking Alpha’s Quant Rating on Tamboran Resources [https://seekingalpha.com/symbol/TBN/ratings/quant-ratings]
* Historical earnings data for Tamboran Resources [https://seekingalpha.com/symbol/TBN/earnings]
* Financial information for Tamboran Resources [https://seekingalpha.com/symbol/TBN/income-statement]