HOUSTON, TX–(Marketwired – May 17, 2017) – Tellurian Inc. (Tellurian or the Company) (NASDAQ: TELL) today announced that it intends to offer for sale 10,000,000 shares of its common stock in an underwritten public offering. The Company expects to grant the underwriters an option for 30 days to purchase up to an additional 1,500,000 shares of common stock of the Company to cover over-allotments, if any.
Credit Suisse Securities (USA) LLC is acting as sole book-running manager for the offering, and Tuohy Brothers Investment Research, Inc. is acting as co-manager.
The offering is being made pursuant to an effective shelf registration statement of the Company previously filed with the Securities and Exchange Commission. The offering may be made only by means of a prospectus supplement and the accompanying prospectus. Copies of the preliminary 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, [email protected].
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.
Tellurian plans to build a natural gas business that includes development of Driftwood LNG, an approximately 26-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.”