secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ramaco Resources, Inc. (METC)
CIK:        0001687187
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001213900-25-107683
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1687187/000121390025107683/0001213900-25-107683-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1687187/000121390025107683/ea0264419-8k_ramaco.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-107683

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