Enservco Corporation Announces Pricing of $3.5 Million Public Offering

DENVER, Feb. 23, 2023 (GLOBE NEWSWIRE) — Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced the pricing of its “best efforts” public offering of 7,000,000 shares of common stock (or common stock equivalents) together with common warrants to purchase up to 7,000,000 shares of common stock at a combined public offering price of $0.50 per share and accompanying warrant. The common warrants will have an exercise price of $0.55 per share, will be exercisable immediately following the date of issuance and will expire five years from the date of issuance. Enservco expects to receive gross proceeds of approximately $3.5 million, before deducting placement agent fees and other estimated offering expenses.

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