Shares of SilverBow Resources, Inc. (SBOW) are falling more than 8% Tuesday morning after the energy company upsized secondary share offering to 2.2 million shares from 1.7 million shares.
The shares are being sold by an affiliate of Strategic Value Partners, LLC, and SilverBow will not receive any proceeds from the offering, which is expected to close by December 14.
SBOW is at $27.30 currently. It has traded in the range of $19.13 - $43.95 in the last 1 year.
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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.