other material
confidence high
sentiment neutral
materiality 0.50
NRP warrant holders exercise 257,500 warrants; $15.9M cash paid; 0.8M remain
NATURAL RESOURCE PARTNERS LP
- On Feb 7-8, 2024, holders exercised 128,750 warrants each day at $34 strike.
- 15-day VWAPs were $96.29 (Feb 7) and $95.63 (Feb 8).
- Partnership paid $15.9M cash to settle the exercised warrants.
- Remaining warrants: 0.8M out of original 4.0M issuance at $34 strike.