Magnolia Oil & Gas Corp.
Description
Priced an underwritten block trade of 7.5 million shares of Class A common stock by certain affiliates of EnerVest Ltd. In connection with the offering, Magnolia agreed to purchase from the selling stockholders 3 million shares of the company’s Class B common stock at a price per share equal to the price per share at which the underwriter purchases shares of the company’s Class A common stock in the offering. J.P. Morgan Securities LLC is the sole book-running manager.