Lafayette Energy, an oil and gas E&P operating in Utah and Louisiana, filed on Friday with the SEC to raise up to $5 million in an initial public offering. The company had previously filed in March 2023, planning to raise $7 million at a $76 million market cap, but withdrew in August 2023.
Lafayette Energy is an oil and gas exploration and production company with operations in eastern Utah and south central Louisiana. As of its last filing, the company had no revenue-generating operations.
The Lehi, UT-based company plans to raise $5 million by offering 1.2 million shares at a price range of $4 to $5.
The Lehi, UT-based company was founded in 2022 and plans to list on the Nasdaq under the symbol LEC. Spartan Capital Securities is the sole bookrunner on the deal.
