other material
confidence high
sentiment neutral
materiality 0.25
Chord Energy adjusts warrant exercise price to $75.57 following $15.00 special dividend
Chord Energy Corp
- Special dividend of $15.00 per share paid July 8, 2022 to holders of record June 29, 2022, in connection with Whiting merger.
- Warrant exercise price reduced by $15.00 from $90.57 to $75.57, effective June 30, 2022.
- Each warrant remains exercisable for one share of common stock.
- Adjustment mandated by warrant agreement Section 5.1(d) due to special dividend.