---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-225084"
form_type: "8-K"
ticker: "PHXE-P"
cik: "0001818643"
company_name: "Phoenix Energy One, LLC"
filed_at: "2025-09-30T23:59:59+00:00"
generated_at: "2026-05-17T05:17:36.607351+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-225084
- form_type: 8-K
- ticker: PHXE-P
- cik: 0001818643
- company_name: Phoenix Energy One, LLC
- filed_at: 2025-09-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02, 3.03, 5.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818643/000119312525225084/0001193125-25-225084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818643/000119312525225084/d91166d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-225084
- JSON: https://secwatch.observer/filing/0001193125-25-225084.json
- Plain text: https://secwatch.observer/filing/0001193125-25-225084.txt

## Key facts
- Governance Changes
  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
  source text: Effective as of September 29, 2025, the Company entered into its Third Amended and Restated Limited Liability Company Agreement (the “Third ARLLCA”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1818643/000119312525225084/0001193125-25-225084-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.