PHX Minerals Inc.

Priced an underwritten public offering of 5.5 million shares of its common stock, upsized from its initial offering of 5 millions shares, at a price to the public of $2 per share. Underwriters granted a 30-day option to purchase up to 825,000 additional shares of stock at the same price per share. Proceeds will be used to fund a pending acquisition, subject to customary closing conditions, and for general corporate purposes. Stifel is book-running manager. Northland Capital Markets and Seaport Global Securities are co-managers.