Magnolia Oil & Gas Commences $1B Public Offering Of Class A Common Stock
Magnolia Oil & Gas Corporation ("Magnolia") announced today that it has commenced an underwritten public offering (the "Offering") of $1,000,000,000 of shares of its Class A common stock ("Common
Magnolia Oil & Gas is raising $1 billion by selling new shares to investors. This gives the company cash to use, but it also means existing shareholders own a smaller slice of the company.
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