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Crescent Energy Company (CRGY) Prices 80M-Share Offer at $12.50
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Crescent Energy Company priced 80,000,000 Class A shares at $12.50 to fund part of its planned Devon Eagle Ford assets acquisition; not contingent on deal. Underwriters have a 30-day option for up to 12,000,000 more shares. Material Details #DetailAI Analyst View180M shares priced at $12.50Large equity raise implies dilution; pricing may anchor near-term trading.230-day option up to 12M sharesGreenshoe can increase supply, affecting float and price support.3Proceeds to…