06:27 AM EDT, 03/11/2026 (MT Newswires) -- Kosmos Energy ( KOS ) said late Tuesday it priced an underwritten public offering of 97.5 million of its common shares at $1.90 apiece for gross proceeds of about $185.3 million.

The company has provided a 30-day option to the underwriters to acquire up to an additional 14.6 million of its common shares, Kosmos said, adding that it expects to close the offering on Thursday.

Kosmos Energy ( KOS ) said it plans to use the net proceeds for the repayment of outstanding borrowings under its commercial debt facility and repayment of additional outstanding debt.

Shares of the company were down over 15% in Wednesday's premarket activity.

Price: 2.04, Change: -0.37, Percent Change: -15.35