secwatch.observer — SEC 8-K summary
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Issuer:     Phoenix Energy One, LLC (PHXE-P)
CIK:        0001818643
Form:       8-K
Filed at:   2025-09-30T23:59:59+00:00
Accession:  0001193125-25-225084
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 3.02, 3.03, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818643/000119312525225084/0001193125-25-225084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818643/000119312525225084/d91166d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-225084

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