8-K filed September 30, 2025, 7:59 PM ET ticker PHXE-P CIK 0001818643

other material confidence high sentiment neutral materiality 0.70

Phoenix Energy closes $54M preferred share IPO; begins trading on NYSE American

Phoenix Energy One, LLC

Sold 2.7M Series A Cumulative Redeemable Preferred Shares at $20/share for ~$54.1M gross proceeds.
Preferred shares began trading Sept 30, 2025 on NYSE American under ticker PHXE.P.
Annual distribution rate starts at 10%, steps to 10.5% (Oct 2028) and 11% (Oct 2029).
Initial distribution of $0.11111/share payable Oct 15, 2025 to holders of record Oct 1.
Five new directors appointed and Third Amended LLC Agreement adopted to govern preferred share terms.

item 3.02 item 3.03 item 5.03 item 5.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Phoenix Energy One, LLC: Company amended and restated its limited liability company agreement to adopt manager-managed structure, board governance, and designate Series A Cumulative Redeemable Preferred Shares (effective 2025-09-29).

Change: charter amendment
Effective: 2025-09-29

Exact text from the filing

Effective as of September 29, 2025, the Company entered into its Third Amended and Restated Limited Liability Company Agreement (the “Third ARLLCA”).

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Phoenix Energy One, LLC filing history →

Source: SEC EDGAR

accession 0001193125-25-225084

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