Vitesse (VTS) Registration filing summary

Company overview and business model

• Focuses on acquiring, developing, and producing non-operated oil and natural gas properties in the U.S., primarily in the Williston Basin and Central Rockies.

• Operates as an independent energy company with a strategy centered on returning capital to stockholders and maintaining a strong balance sheet.

• Built a diversified asset base through acquisitions, development, and proprietary data-driven processes.

• Recent strategic expansion includes the acquisition of Lucero Energy Corp. and non-operated assets in the Powder River Basin.

Use of proceeds and capital allocation

• Will not receive any proceeds from the sale of shares by the selling stockholder; all proceeds go to the selling stockholder.

• Agreed to pay all offering fees and expenses related to the registration, including legal counsel fees up to $100,000 per underwritten offering.

Risk factors and disclosures

• Faces risks from commodity price volatility, drilling activity pace, acquisition integration, infrastructure constraints, cost inflation, legal disputes, and regulatory changes.

• Additional risks include economic conditions, interest rate changes, trade policy shifts, and geopolitical instability.

• Investors are advised to review risk factors in the latest Annual Report on Form 10-K and subsequent filings.