Torchlight Energy Resources (NASDAQ: TRCH) updated its prospectus to sell another $150 million in common stock through Roth Capital.

From the filing:

On June 16, 2021, we entered into a sales agreement, or the Original Sales Agreement, with Roth Capital Partners, LLC, or the Sales Agent, relating to shares of our common stock offered by a prospectus supplement and accompanying prospectus filed with the U.S. Securities and Exchange Commission, or the SEC. As of the date of this prospectus supplement, under the Original Sales Agreement, we have offered and sold a total of 11,738,345 shares of our common stock for an aggregate offering price of approximately $100,000,000 through the Sales Agent, acting as sales agent or principal, accounting for all shares available for sale under the Original Sales Agreement. Accordingly, we have entered into an amended and restated sales agreement, or the Sales Agreement, with the Sales Agent, relating to shares of our common stock offered by this prospectus supplement and the accompanying prospectus. In accordance with the terms of the Sales Agreement, we may offer and sell shares of our common stock from time to time up to an aggregate offering price of $250,000,000 through or to the Sales Agent, acting as sales agent or principal, or an additional $150,000,000 aggregate offering price from the Original Sales Agreement.