Corporate ActionMay 19, 2026, 05:22 PM
EagleRock Land IPO Closes, Raises $333.1M Net Proceeds
AI Summary
EagleRock Land, LLC successfully completed its initial public offering of 17,300,000 Class A shares at a price of $18.50 per share. The underwriters fully exercised their 30-day option to purchase an additional 2,595,000 Class A shares. The company received approximately $333.1 million in net proceeds from the offering and the option exercise. In connection with the IPO, EagleRock Land also entered into a Registration Rights Agreement and established a Change in Control Severance Plan.
Key Highlights
- Initial Public Offering of 17,300,000 Class A shares priced at $18.50 per share.
- Underwriters fully exercised option for 2,595,000 additional Class A shares.
- Offering and option generated approximately $333.1 million in net proceeds.
- The offering closed on May 15, 2026, and the option closed on May 19, 2026.
- Entered into a Registration Rights Agreement with certain shareholders on May 15, 2026.
- Established a Change in Control Severance Plan on May 15, 2026.
Price Impact
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