Comstock Resources, Inc announced a private placement to issue 12,500,000 shares of common stock in the private placement at a price of $8.036 per share, for a gross proceeds $100,450,000 on March 20, 2024. The transaction included participation from returning investor, Jerry Jones. Closing of the transaction is subject to customary closing conditions.

Following the equity investment, Jerry Jones will own approximately 67% of the Company?s common shares outstanding, up from 65% before this equity investment.