Gulfport Energy Corp. (GPOR) said it has priced an underwritten public offering of 7.75 million shares at $38 per share. The underwriters were granted an option to buy up to an additional 1.16 million shares from Gulfport at the public offering price per share solely to cover over-allotments.
Net proceeds from the sale of the 7.75 million shares, after underwriting discounts and estimated expenses, would be some $282.3 million. Gulfport plans to use the net proceeds to fund its pending acquisition of oil and gas assets in the Utica Shale in Ohio and for general corporate purposes, which may include expenditures associated with Gulfport's 2013 capital development plan. The offering may close on February 15, 2013.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.