IPO Journey

WhiteHawk Income Corp

IPO Date: June 9, 2026 · 6 filings tracked

Final Offer Terms

Ticker
WHK
Exchange
New York Stock Exchange
Offer Price
$26.00
Shares Offered
7,700,000
Estimated Proceeds
$200.2M
Expected Listing
June 10, 2026
Underwriters

Led by Raymond James, Stifel

Filing Timeline

1
S-1
May 11, 2026
  • Capital-light royalty model with minimal operational expenses
  • Direct exposure to natural gas demand driven by AI data centers
2
S-1/A
May 21, 2026
  • High-margin royalty model with no drilling or operational costs
  • Strategic exposure to AI-driven electricity demand and data center growth
3
S-1/A
May 26, 2026
  • Capital-light business model focused on royalty income rather than high-cost drilling operations.
  • Strategic exposure to AI-driven electricity demand and rising LNG export trends.

Changes from previous filing

  • Expected offer range: $25.0 – $27.0 per share
  • Shares offered: 6,925,000
  • Estimated proceeds: $173M
  • Underwriters: Raymond James, Stifel, J.P. Morgan, Stephens Inc., Capital One Securities, Tuohy Brothers
4
S-1/A
June 2, 2026
  • Capital-light business model: Generates royalty revenue without the high costs of drilling equipment or operations.
  • Strategic exposure to AI and data center energy demand through natural gas production.
5
S-1/A
June 5, 2026
  • Passive royalty business model with high profit margins and no drilling costs.
  • Strong dividend track record with 49 consecutive monthly payments since 2022.
424B4 Final Pricing
June 9, 2026
  • Capital-light royalty model avoids expensive drilling and maintenance costs
  • Owns 3.4 million acres of prime natural gas land in Appalachian and Haynesville regions

Changes from previous filing

  • Price range removed
  • Final offer price: $26.0 per share
  • Shares offered: 7,700,000
  • Estimated proceeds: $200M
  • Underwriters: Raymond James, Stifel, J.P. Morgan, Capital One Securities, Stephens Inc., Tuohy Brothers
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