Borr Drilling Announces $100 Million Public Share Offering

Borr Drilling ( (BORR) ) has shared an announcement.

On July 2, 2025, Borr Drilling Limited announced a public offering of approximately 50 million common shares, aiming to raise $100 million in gross proceeds. The funds are intended for general corporate purposes, including debt service and capital expenditures. The offering is structured in two settlements, with the first expected around July 7, 2025, and the second contingent on a special general meeting’s approval on August 6, 2025. Key company officers have expressed interest in participating in the offering, potentially impacting the company’s financial flexibility and market positioning.

The most recent analyst rating on (BORR) stock is a Buy with a $9.00 price target. To see the full list of analyst forecasts on Borr Drilling stock, see the BORR Stock Forecast page.

Spark’s Take on BORR Stock

According to Spark, TipRanks’ AI Analyst, BORR is a Neutral.

Borr Drilling’s overall stock score reflects strong revenue growth and operational efficiency, offset by high leverage, negative cash flow, and recent financial setbacks. The suspension of the dividend and mixed technical indicators further add to the uncertainty, making it crucial for the company to stabilize its financials for long-term success.

To see Spark’s full report on BORR stock, click here.

More about Borr Drilling

Borr Drilling Limited operates in the oil and gas industry, focusing on offshore drilling services. The company provides drilling solutions with a fleet of jack-up rigs, catering to oil and gas exploration and production companies globally.

Average Trading Volume: 6,060,263

Technical Sentiment Signal: Sell

Current Market Cap: $466.7M

See more insights into BORR stock on TipRanks’ Stock Analysis page.