NRP settles 462,165 warrant exercises with $10M cash and 198,767 common units

NATURAL RESOURCE PARTNERS LP

On Jan 29, 2024, holders exercised 462,165 warrants at $34.00 strike price.
Settlement on Jan 31 with $10M cash and 198,767 common units; 15-day VWAP was $97.62.
Approximately 1.08 million warrants at $34.00 remain outstanding of original 4.0 million.
Warrant exercises result in partial dilution and cash outflow for the Partnership.

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