#United States #Common Stock #Energy Services #Huntington

Energy Services of America Corporation Closes Over-Allotment Option

On February 24, 2026, Energy Services of America Corporation, a prominent player in the energy sector, announced the successful completion of an overallotment option related to its recent public offering. The underwriter exercised this option, leading to the issuance and sale of an additional 261,000 shares of common stock at a public offering price of $11.50 per share.

Financial Implications of the Offering

With this move, the company anticipates raising approximately $2.8 million in net proceeds, after accounting for underwriting discounts and commissions. This additional funding is likely to support its ongoing operations and expansion efforts in the energy market.

Lake Street Capital Markets, LLC acted as the sole underwriter for this transaction, demonstrating its continued commitment to supporting Energy Services of America (NASDAQ: ESOA) in securing necessary capital for growth. Meanwhile, Roth Capital Partners served as the financial advisor, ensuring the process adhered to regulatory standards and was aligned with the firm's broader financial goals.

Access to Regulatory Filings

The offering was conducted under an effective shelf registration statement on Form S-3 (File No. 333-280025), which provides a streamlined approach for companies to register and sell shares. Interested parties can access the preliminary prospectus supplement and final prospectus supplement, along with other required documentation on the Securities and Exchange Commission (SEC) website at www.sec.gov. Copies can also be obtained from Lake Street Capital Markets, LLC, located at 121 S 8th St, Suite 1000, Minneapolis, MN 55402.

About Energy Services of America Corporation

Headquartered in Huntington, West Virginia, Energy Services of America Corporation primarily operates in the mid-Atlantic and Central regions of the United States. The company serves various industries, including natural gas, petroleum, water distribution, automotive, chemical, and power, employing over 1,500 individuals on a regular basis. Its operations are defined by core values of safety, quality, and production efficiency.

Forward-Looking Statements and Caution

In line with common industry practices, Energy Services has made several forward-looking statements in the press release concerning anticipated developments and forecasts regarding financial performance, including projected revenues and operational milestones. However, as noted, such statements are speculative in nature, subject to a range of risks and uncertainties. Therefore, actual outcomes may differ significantly from those expressed in any forward-looking statements.

The company’s annual reports and periodic filings with the SEC provide detailed information about these risk factors, allowing investors to gauge potential market conditions and strategic positions as the company moves forward.

Conclusion

This successful public offering, alongside the overallotment exercise, highlights Energy Services of America Corporation's robust positioning in the market, paving the way for future projects and initiatives in the energy industry. As the demand for energy services continues to evolve, the company’s focus on growth and operational efficiency remains at the forefront of its strategies.