US Energy (USEG) Registration Filing summary

Company overview and business model

• Focuses on acquisition, exploration, and development of industrial gases, oil, and natural gas properties in the U.S.

• Operates through wholly-owned subsidiaries and is incorporated in Delaware.

• Strategy includes asset acquisitions, participation in exploration projects, and monetization of legacy assets.

• Plans to expand in oil, natural gas, and industrial gas sectors, including plant processing and infrastructure initiatives in the second half of 2025.

• Maintains a share repurchase program extended through June 30, 2026.

Financial performance and metrics

• As of July 29, 2025, public float is approximately $22.4 million, with a closing share price of $1.32.

• 35,634,729 shares of common stock are outstanding as of the prospectus date.

Use of proceeds and capital allocation

• Net proceeds will be used for working capital and general corporate purposes.

• May allocate funds to acquire or invest in complementary businesses and assets.

• Pending use, proceeds will be invested in short-term, interest-bearing, investment-grade securities.