05:10 AM EDT, 10/23/2025 (MT Newswires) -- Tamboran Resources ( TBN ) said late Wednesday it priced a public offering of about 2.3 million shares at $21 each, for roughly $48.8 million in expected gross proceeds.

Underwriters have a 30-day overallotment option to buy up to 348,666 additional shares.

The company expects the offering to close Friday and plans to use the net proceeds for general corporate purposes.

Tamboran shares were down 12% in recent premarket activity Thursday.