Roth Capital Partners acted as Co-Manager for
Northern Oil and Gas, Inc. (NYSE American: NOG)
in its $140.2 Million Follow-On

   

For more information please contact:

Investment Banking
Alexander Montano
Managing Director
(949) 720-5770
amontano@roth.com
 
Otilia (Tilin) Chen
Director
(949) 720-5771
tchen@roth.com
 
Dustin F. Cabrera
Vice President
(949) 720-7136
dcabrera@roth.com

 
Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
agurewitz@roth.com
 
Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com
 
Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com

Transaction Information
Northern Oil and Gas, Inc. (NYSE American: NOG) has closed an underwritten public offering of 14,375,000 shares of its common stock, which includes 1,875,000 additional shares pursuant to the full exercise of the over-allotment option granted to the underwriters. The shares were sold at the public offering price of $9.75 per share, resulting in the gross proceeds for Northern Oil and Gas, Inc. of approximately $140.2 million.

Northern Oil and Gas, Inc. intends to use the proceeds from the offering to partially fund the cash purchase price of the Company’s recently announced pending acquisition of certain non-operated natural gas assets in the Appalachian Basin from Reliance Marcellus, LLC (the “Reliance Acquisition”). The consummation of the offering is not conditioned upon the completion of the Reliance Acquisition and the consummation of the offering is not a condition to the completion of the Reliance Acquisition. If the Reliance Acquisition is not consummated, the Northern Oil and Gas intends to use the proceeds of the offering to repay or redeem outstanding indebtedness and for general corporate purposes.

Roth Capital Partners acted as co-manager for the offering.

About Northern Oil and Gas, Inc.
Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. For more information, please visit www.northernoil.com. (Source: Company Press Release | 02.04.21)

About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. For more information on ROTH, please visit www.roth.com.

Date of Announcement: 03.22.21

The material, information and  facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2021.