Amplify Energy Successfully Closes Secondary Public Offering of Common Stock for Selling Stockholders
December 15 2020 - 4:05PM
Amplify Energy Corp. (NYSE: AMPY) (“Amplify”) today announced it
has closed an underwritten public offering of 8,548,485 shares of
its common stock by certain of its stockholders, which are
affiliates of Fir Tree Capital Management L.P., at a price to the
public of $1.15 per share.
Amplify did not sell any shares of its common stock in the
offering and did not receive any proceeds therefrom.
Roth Capital Partners acted as the Sole Manager for the
offering.
The offering was made pursuant to effective shelf registration
statements (File No. 333-233677, effective October 11, 2019, and
333-215602, effective May 1, 2018) and prospectuses filed by
Amplify with the Securities and Exchange Commission (“SEC”). The
offering of these securities was made only by means of a prospectus
and prospectus supplement. Copies of the final prospectus
supplement may be obtained from Roth Capital Partners, Attention:
Equity Capital Markets, 888 San Clemente Drive, Newport Beach,
California 92660, by telephone at (800) 678-9147 or email at
rothecm@roth.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful without registration or
qualification under the securities laws of any such state or
jurisdiction.
About Amplify Energy
Amplify Energy Corp. is an independent oil and natural gas
company engaged in the acquisition, development, exploration and
production of oil and natural gas properties. Amplify’s operations
are focused in Oklahoma, the Rockies, offshore California, East
Texas / North Louisiana and South Texas. For more information,
visit www.amplifyenergy.com.
Cautionary Statement Concerning Forward-Looking
Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of
1934, as amended. All statements, other than statements of
historical facts, included in this press release that address
activities, events or developments that Amplify expects, believes
or anticipates will or may occur in the future are forward-looking
statements. Terminology such as “will,” “would,” “should,” “could,”
“expect,” “anticipate,” “plan,” “project,” “intend,” “estimate,”
“believe,” “target,” “continue,” “potential,” the negative of such
terms or other comparable terminology are intended to identify
forward-looking statements. Amplify believes that these statements
are based on reasonable assumptions, but such assumptions may prove
to be inaccurate. Such statements are also subject to a number of
risks and uncertainties, most of which are difficult to predict and
many of which are beyond the control of Amplify, which may cause
Amplify’s actual results to differ materially from those implied or
expressed by the forward-looking statements. Please read Amplify’s
filings with the Securities and Exchange Commission, including
“Risk Factors” in its Annual Report on Form 10-K, and if
applicable, its Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K, and other public filings and
press releases for a discussion of risks and uncertainties that
could cause actual results to differ from those in such
forward-looking statements. All forward-looking statements speak
only as of the date of this press release. All forward-looking
statements in this press release are qualified in their entirety by
these cautionary statements. Amplify undertakes no obligation and
does not intend to update or revise any forward-looking statements,
whether as a result of new information, future results or
otherwise.
Investor Relations Contacts
Martyn Willsher – Interim CEO & CFO(832)
219-9047martyn.willsher@amplifyenergy.com
Jason McGlynn – VP, Business Development(832)
219-9055jason.mcglynn@amplifyenergy.com
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