THE WOODLANDS, Texas, May 12, 2026 (GLOBE NEWSWIRE) -- Ring Energy, Inc. (NYSE:REI) ("Ring" or the "Company") announced today the pricing of its previously announced underwritten public offering of 44,444,445 shares of its common stock at a price to the public of $1.35 per share (the "Offering"). The gross proceeds from the Offering, before deducting underwriting discounts and commissions and other estimated offering expenses payable by Ring, are expected to be approximately $60 million, excluding any exercise of the underwriters' option to purchase additional shares. The Company has granted the underwriters a 30-day option to purchase up to an additional 6,666,666 shares of its common stock upon the same terms. The Offering is expected to close on or about May 14, 2026, subject to customary closing conditions.

The Company intends to use the net proceeds from the Offering for the repayment of outstanding borrowings under its senior secured revolving credit facility. The Company intends to use any remaining proceeds for general corporate purposes.

Mizuho, BofA Securities and Raymond James are acting as joint book-running managers and representatives for the offering. A.G.P./Alliance Global Partners, Roth Capital Partners, and Tuohy Brothers are acting as co-managers for the offering.

The Offering is being made pursuant to an effective shelf registration statement, including a prospectus, filed by Ring with the Securities and Exchange Commission ("SEC") on Form S-3. The Offering may only be ...