BUZZ-US Energy Corp falls after pricing public offering

Shares of U.S. Energy Corp USEG.O fall ~11% to $3.37 premarket

USEG says it is offering ~4.2 mln shares of common stock at $2.65 per share for total net proceeds of ~$10.5 million

Offer price is at a ~30% discount to stock's last close

USEG says net proceeds will be used to fund growth capital for co's industrial gas development project

USEG has ~29.4 mln shares outstanding for $111.3 mln market cap - LSEG data

Roth Capital Partners is book-running manager for the offering

USEG gained ~50% in 2024

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))