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Energy Services of America Corporation Announces Pricing of $20.0 Million Public Offering of Common Stock
HUNTINGTON, W.Va., Feb. 19, 2026 /PRNewswire/ -- Energy Services of America Corporation (the "Company"), today announced the pricing of an underwritten public
About this update from Energy Services Of America Corporation
[{"type":"text","content":"HUNTINGTON, W.Va., Feb. 19, 2026 /PRNewswire/ -- Energy Services of America Corporation (the \"Company\"), today announced the pricing of an underwritten public offering of 1,740,000 shares of its common stock at a price to the public of $11.50 per share. The Company also granted the underwriter a 30-day option to purchase up to an additional 261,000 shares of common stock.\n \n \n \n \n \n \n \nThe aggregate gross proceeds to the Company from the offering will be approximately $20.0 million before underwriting discounts and commissions and expenses related to the offering. Assuming full exercise by the underwriter of its option to purchase additional shares, the aggregate gross proceeds to the Company from the offering would be approximately $23.0 million before underwriting discounts and commissions and expenses related to the offering. The Company intends to use the net proceeds from the offering for general corporate purposes, working capital and for potential acquisitions. The Company has no current plans, arrangements or understandings relating to any specific acquisition or similar transaction. The offering is expected to close on February 20, 2026, subject to customary closing conditions.Lake Street Capital Markets, LLC is serving as the sole underwriter for the offering.Roth Capital Partners acted as financial advisor to the Company for the offering.The Company has filed with the Securities and Exchange Commission (the \"SEC\") a shelf registration statement (including a prospectus) on Form S-3 (File No. 333-280025) and a preliminary prospectus supplement for the offering to which this press release relates. Before you invest, you should read the preliminary prospectus supplement and the accompanying prospectus, including the information incorporated by reference therein, and the other documents we have filed and will file with the SEC for more complete information about the Company and this offering. The proposed offering is being made only by means of an effective shelf registration statement, including a preliminary prospectus supplement and final prospectus supplement, copies of which may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov. Additionally, electronic copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained from Lake Street Capital Markets, LL...