Hallador Energy Company Announces Successful Pricing of Public Offering

Hallador’s public offering is structured to provide the company with essential capital that will facilitate various corporate activities, including the funding of initial financial commitments for a new natural gas generating facility. The offering includes a 30-day option for underwriters to purchase an additional 416,666 shares, which could further enhance Hallador's financial position.

The anticipated closing date for this offering is around January 15, 2026, contingent on the fulfillment of customary closing conditions. This timeline reflects Hallador’s proactive approach to capitalizing on market opportunities.

The net proceeds from this public offering are earmarked for general corporate purposes. Notably, Hallador has indicated that a portion of these funds will be allocated to reserve equipment necessary for the development of its planned natural gas generating facility. This strategic move aligns with Hallador’s ongoing efforts to diversify its energy portfolio and enhance its operational efficiency.

Texas Capital Securities is serving as the sole bookrunner for the offering, supported by Northland Capital Markets and A.G.P./Alliance Global Partners as co-managers. The collaboration of these financial entities signals a robust backing for Hallador’s initiative, enhancing its credibility in the eyes of investors.

The offering is being conducted under an automatic shelf registration statement on Form S-3, which became effective upon filing with the Securities and Exchange Commission (SEC) on January 13, 2026. This regulatory framework ensures that Hallador can efficiently navigate the capital markets while adhering to compliance standards.

Investors are advised that the securities will be offered exclusively through a prospectus supplement and accompanying prospectus, which will provide further details about the offering. Preliminary and final prospectus supplements will be filed with the SEC, ensuring transparency and accessibility for potential investors.

Hallador Energy Company, based in Terre Haute, Indiana, operates as a vertically-integrated Independent Power Producer (IPP). Its business segments include Hallador Power Company, LLC, which oversees electricity generation with a capacity of one Gigawatt (GW) at its Merom Generating Station, and Sunrise Coal, LLC, which supplies fuel to the generating station and other clients.

The company’s efforts in expanding its natural gas generation capabilities align with broader trends in the energy sector, where a shift toward cleaner energy sources is increasingly prioritized.

Hallador Energy Company’s public offering represents a strategic maneuver designed to bolster its financial resources and support future growth initiatives. By securing approximately $50 million in gross proceeds, Hallador is positioning itself to enhance its operational capabilities and invest in sustainable energy projects. As the closing date approaches, stakeholders will be closely monitoring the developments surrounding this offering and its potential impact on Hallador’s trajectory in the energy market.