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Wednesday, January 10, 2018 11:36:48 AM
MARKET WIRE 10:51 AM ET 1/9/2018
QUOTES AS OF 11:36:03 AM ET 01/10/2018
HOUSTON, TX -- (Marketwired) -- 01/09/18 -- Tellurian Inc.(TELL) (Tellurian or the Company) today announced that the underwriters of its previously announced public offering of 10,000,000 shares of the Company's common stock have purchased an additional 1,500,000 shares of the Company's common stock pursuant to their over-allotment option. The price to the public in the offering was $10.00 per share. The net proceeds from the exercise of the over-allotment option were approximately $14.5 million, after deducting fees and estimated expenses. The exercise of the over-allotment option closed on January 9, 2018. Credit Suisse Securities (USA) LLC acted as sole book-running manager for the offering, and Tuohy Brothers Investment Research, Inc. acted as co-manager.
The Company intends to use the net proceeds from the offering for detailed engineering of an LNG terminal facility and an associated pipeline in Southwest Louisiana, general corporate purposes and working capital.
The offering was made pursuant to an effective shelf registration statement of the Company previously filed with the Securities and Exchange Commission. The offering was made only by means of a prospectus supplement and the accompanying prospectus. Copies of the prospectus supplement for the offering and the accompanying prospectus may be obtained by sending a request to Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, Telephone: 1-800-221-1037, E-mail: newyork.prospectus@credit-suisse.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Tellurian Inc.(TELL)
Tellurian plans to build a natural gas business that includes development of Driftwood LNG, an approximately 27.6-mtpa LNG export facility, and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the Nasdaq Capital Market under the ticker symbol "TELL."
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
Statements in this press release related to the use of proceeds from the Company's public offering of common stock and all other statements other than statements of historical fact are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from the forward-looking statements. Tellurian urges you to carefully review and consider the cautionary statements made in the registration statement, the "Risk Factors" section of the prospectus supplement for the offering and of Item 1A of Part II of the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on November 9, 2017, and other filings with the SEC for further information on risks and uncertainties that could affect the Company's business, financial condition and results of operations. The Company cautions you not to place undue reliance on forward-looking statements, which speak only as of the date made. Tellurian undertakes no obligation to update any forward-looking statements in order to reflect any event or circumstance occurring after the date of this press release or currently unknown facts or conditions or the occurrence of unanticipated events. All forward-looking statements are qualified in their entirety by this cautionary statement.
Contact:
MEDIA:
Joi Lecznar
SVP Public Affairs and Communication
Phone +1.832.962.4044
joi.lecznar@tellurianinc.com
INVESTORS:
Amit Marwaha
Director, Investor Relations
Phone +1.832.485.2004
amit.marwaha@tellurianinc.com
Source: Tellurian Inc.(TELL)
Recent TELL News
- Tellurian Makes Leadership Changes • Business Wire • 03/18/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 12:15:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/23/2024 12:37:06 PM
- Tellurian Reports 2023 Financial Results and Driftwood LNG Progress • Business Wire • 02/23/2024 12:28:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/23/2024 12:20:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/22/2024 02:14:49 PM
- Tellurian Announces Agreement for Debt Amendment to Support Upstream Asset Sale • Business Wire • 02/22/2024 02:09:00 PM
- Tellurian Receives FERC Extension for Driftwood LNG • Business Wire • 02/16/2024 12:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 10:15:54 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/12/2024 09:40:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/06/2024 12:15:43 PM
- Tellurian Explores Sale of Haynesville Upstream Assets • Business Wire • 02/06/2024 12:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/26/2024 09:23:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/02/2024 08:51:08 PM
- Form 424B7 - Prospectus [Rule 424(b)(7)] • Edgar (US Regulatory) • 01/02/2024 08:50:10 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 12/28/2023 02:25:49 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 12/20/2023 12:00:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/18/2023 11:00:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/11/2023 12:15:34 PM
- Tellurian Board of Directors names Daniel Belhumeur as President, Meredith Mouer as General Counsel and Chief Compliance Officer • Business Wire • 12/11/2023 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 10:30:44 PM
- Martin Houston Becomes Chairman of Tellurian Inc. • Business Wire • 12/08/2023 09:54:00 PM
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