other material
confidence high
sentiment neutral
materiality 0.50
Warrant holder exercises warrant, receives 3.27M shares in cashless exercise
Royale Energy, Inc.
- CIC RMX LP exercised in full its warrant to purchase Royale Energy common stock on April 10, 2023.
- Cashless exercise resulted in issuance of 3,266,055 shares of common stock to the warrant holder.
- Warrant holder is sponsored by CIC Partners, a Dallas-based middle-market private equity firm.