Osprey Energy Acquisition Corp. Announces Pricing of $250,000,000 Initial Public Offering

PHILADELPHIA, July 20, 2017 -- Osprey Energy Acquisition Corp. (NASDAQ:OSPRU) (the “Company”), an energy-focused special purpose acquisition entity formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit, for gross proceeds to the Company of $250,000,000. The Company's units will be listed on the Nasdaq Capital Market under the symbol "OSPRU" and will begin trading on July 21, 2017. Each unit issued in the offering consists of one share of the Company’s common stock and one-half of one warrant, each whole warrant exercisable for one share of common stock at an exercise price of $11.50 per share. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The closing of the offering is anticipated to take place on or about July 26, 2017.

Credit Suisse Securities (USA) LLC is serving as the sole book-running manager and I-Bankers Securities, Inc. is serving as co-manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any.

A registration statement relating to the units and the underlying securities was declared effective by the U.S. Securities and Exchange Commission on July 20, 2017. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This offering was made by means of a prospectus, copies of which may be obtained for free by visiting the U.S. Securities and Exchange Commission website at http://www.sec.gov. Alternatively, a copy of the prospectus relating to the offering may be obtained from Credit Suisse Securities (USA) LLC, Attention:  Prospectus Department, One Madison Avenue, New York, NY 10010, or by telephone at (800) 221-1037, or by email at [email protected].

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering. No assurance can be given that such offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the offering filed with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact Information:

Jeffrey F. Brotman
Chief Financial Officer, Chief Legal Officer and Secretary
Osprey Energy Acquisition Corp.
(215) 523-6161