---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-107683"
form_type: "8-K"
ticker: "METC"
cik: "0001687187"
company_name: "Ramaco Resources, Inc."
filed_at: "2025-11-07T23:59:59+00:00"
generated_at: "2026-05-16T23:05:37.099092+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ramaco Resources issues $345M 0% convertible senior notes due 2031, upsized from $300M

## Summary
- Issued $345M principal amount of 0% Convertible Senior Notes due 2031, upsized from $300M via full exercise of over-allotment.
- Initial conversion rate 30.5460 shares per $1,000 principal, conversion price ~$32.74; notes mature Nov 1, 2031.
- Concurrent delta offering of 2,245,126 shares of Class A common stock (borrowed) to facilitate hedging; no new shares issued.
- Entered capped call transactions costing ~$32.8M to reduce conversion dilution; cap price initially $54.5625/share.
- Fifth Amendment to credit agreement allows up to $1B in convertible indebtedness and permits capped calls.

## SEC filing metadata
- accession: 0001213900-25-107683
- form_type: 8-K
- ticker: METC
- cik: 0001687187
- company_name: Ramaco Resources, Inc.
- filed_at: 2025-11-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1687187/000121390025107683/0001213900-25-107683-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1687187/000121390025107683/ea0264419-8k_ramaco.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-107683
- JSON: https://secwatch.observer/filing/0001213900-25-107683.json
- Plain text: https://secwatch.observer/filing/0001213900-25-107683.txt

## Key facts
- Debt Financings
  Ramaco Resources, Inc. incurred convertible notes of $345,000,000 aggregate principal amount at 0% maturing November 1, 2031.
  - Instrument: convertible notes
  - Principal: $345,000,000 aggregate principal amount
  - Rate: 0%
  - Maturity: November 1, 2031
  - Event: incurrence
  source text: On November 7, 2025, the Company issued $345,000,000 principal amount of its 0% Convertible Senior Notes due 2031.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1687187/000121390025107683/0001213900-25-107683-index.htm

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