other_material
confidence high
sentiment positive
materiality 0.70
Ramaco closes upsized $200M public offering of Class A common stock
Ramaco Resources, Inc.
- Sold 10,666,667 shares at $18.75 per share, gross proceeds ~$200M to company.
- Underwriters exercised option to purchase additional $30M shares from Yorktown; company gets no proceeds.
- Net proceeds to accelerate rare earth and critical minerals project, strategic growth, and general corporate purposes.
- Morgan Stanley and Goldman Sachs acted as lead joint book-running managers.
- Offering closed August 7, 2025; additional share sale expected August 8, 2025.
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