CNX exchanges $122M of 2.25% convertible notes for 9.5M shares and $0.8M cash

CNX Resources Corp

Exchanged approximately $122.1M principal of 2.25% Convertible Senior Notes due 2026 for 9,509,188 common shares and $0.8M cash (incl. accrued interest).
Exchanges were conducted as private placements under Section 4(a)(2) of the Securities Act.
Transaction consummated December 17, 2025.
Common shares issued in the exchange represent about 2-3% dilution based on prior outstanding shares.

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