CNX Resources exchanges $122.1M of 2.25% convertible notes for $0.8M cash + 9.5M shares

CNX Resources Corp

Company exchanged $122.1M principal of 2.25% Convertible Senior Notes due 2026.
Consideration: approx. $0.8M cash (including accrued interest) and 9,509,188 common shares.
Exchange expected to close on December 17, 2025; privately negotiated with limited holders.
Shares issued without registration under Section 4(a)(2) of the Securities Act.

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