LODE Offering

Comstock Prices $30 Million Upsized and Oversubscribed Public Offering of Common Stock

Published August 13, 2025 at 02:45 AM

VIRGINIA CITY, Nev., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”), today announced that it has priced its previously announced underwritten public offering of 13,333,334 shares of its common stock at a price to the public of $2.25 per share (the “Offering”). All of the shares of common stock in the offering are to be sold by Comstock. The gross proceeds to the Company from this offering are expected to be approximately $30 million before deducting underwriting discounts and commissions and other offering expenses. This Offering positions the Company to fully fund its commercialization for its industry-scale solar panel recycling facilities, each capable of recycling over 3 million panels per year, and to advance site selection and other key development initiatives.

Related Questions

How might the increased float and underwriting activity affect the stock's bid‑ask spread and trading volume in the coming weeks? How will the $2.25 offering price compare to Comstock's recent trading range and affect the stock's immediate price movement? What dilution impact will the issuance of 13,333,334 shares have on existing shareholders' ownership percentages? What is the net amount of capital Comstock will receive after underwriting discounts, commissions, and other offering expenses? What is the expected impact of the capital raise on Comstock's cash runway and overall balance sheet strength? Are there any lock‑up agreements or resale restrictions on the newly issued shares that could affect future supply and liquidity? How does this public offering size and pricing compare to recent capital raises by competitors in the solar panel recycling and renewable‑energy sectors? What level of investor demand (oversubscription) was observed, and what does that indicate about market confidence in Comstock's growth strategy? What are the potential risks or upside scenarios associated with scaling industry‑level solar panel recycling facilities, and how might they influence the stock's long‑term valuation? How will the $30 million proceeds be allocated across the commercialization of solar panel recycling facilities and site selection initiatives, and what timelines are expected for these projects?