secwatch.observer — SEC 8-K summary
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Issuer:     Genie Energy Ltd. (GNE)
CIK:        0001528356
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001213900-23-049841
Event type: other_material
Sentiment:  positive
Materiality: 0.45
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528356/000121390023049841/0001213900-23-049841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528356/000121390023049841/ea180572-8k_genie.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-049841

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer