Genie Energy completes redemption of Series 2012-A Preferred Stock for $6.5M

Genie Energy Ltd.

All outstanding Series 2012-A Preferred shares redeemed on June 16, 2023 at $8.50 per share plus $0.1349 accrued dividends.
Aggregate redemption payment was $6.5 million; no preferred shares remain outstanding.
Preferred stock ticker GNE.PRA has been retired.
CEO states common stockholders will now capture undiluted value of Genie's businesses.

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