Hallador Energy has priced its public offering of common shares at US$18 per share.
The U.S-based company is offering 2,777,778 shares to raise approximately US$50 million.
Hallador also granted the underwriters a 30-day option to purchase an additional 416,666 shares.
The company is planning to use the net proceeds from the offering for general corporate purposes, which may include funding certain financial commitments to reserve equipment necessary to support Hallador’s planned additional natural gas generating facility.
Hallador said in December 2025 that it plans to add up to 515MW of natural gas generation adjacent to its Merom generating station.
At the time, the company had finalised its application into the Expedited Resource Addition Study (ERAS) program and had made deposits totalling approximately US$13 million as required under the application process.
The share offering is expected to close on or about January 15, subject to customary closing conditions.
Hallador is a vertically-integrated independent power producer based in Terre Haute, Indiana. Hallador has two core businesses: Hallador Power Company, which produces electricity and capacity at its one-gigawatt Merom generating station, and Sunrise Coal, which produces and supplies fuel to Merom and other companies.
