SandRidge Energy, Inc. (SD) announced the pricing of its registered underwritten public offering of 24.00 million shares of the company's common stock, 2.00 million of which are being offered by Tom Ward, the company's chairman, chief executive officer and president, at a price to the public of $8.85 per share.
The company has also granted the underwriters of the offering a 30-day option to purchase up to 3.60 million additional shares of common stock.
Net proceeds to the company from this offering will be used to fund a portion of the purchase price of its previously announced acquisition of oil and gas properties in the Permian Basin region from Forest Oil Corp.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.