OKLAHOMA CITY--(BUSINESS WIRE)--Riley Exploration-Permian, LLC (“Riley Permian” or the “Company”) announced today that it has decided to postpone its planned initial public offering as a result of unfavorable equity market conditions and will continue to evaluate the proposed offering as market conditions develop.
A registration statement relating to these securities has been filed with, but has not yet been declared effective by, the Securities and Exchange Commission (the “SEC”). These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement may be obtained free of charge at the SEC's website at www.sec.gov. 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 prior to the registration or qualification under the securities laws of any such state or jurisdiction.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Riley Permian's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Riley Permian's control that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Riley Permian does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Riley Permian to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the prospectus filed with the SEC in connection with Riley Permian’s initial public offering. The risk factors and other factors noted in Riley Permian’s prospectus could cause its actual results to differ materially from those contained in any forward-looking statement.