---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-011425"
form_type: "8-K"
ticker: "REI"
cik: "0001384195"
company_name: "RING ENERGY, INC."
filed_at: "2023-04-12T23:59:59+00:00"
generated_at: "2026-06-17T02:58:59.036336+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Ring Energy reduces warrant exercise price to $0.62, receives $9.0M from exercise of 14.5M warrants

## Summary
- Reduced exercise price of 14,512,166 warrants from $0.80 to $0.62 per share in exchange for immediate cash exercise.
- Gross proceeds of $8,997,543 from warrant exercises; only 78,200 warrants remain outstanding post-exercise.
- CEO states proceeds strengthen balance sheet, simplify capital structure, and should improve trading liquidity.
- Warrants originally issued in 2020 registered direct offering; Truist Securities acted as exclusive advisor.

## SEC filing metadata
- accession: 0001628280-23-011425
- form_type: 8-K
- ticker: REI
- cik: 0001384195
- company_name: RING ENERGY, INC.
- filed_at: 2023-04-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1384195/000162828023011425/0001628280-23-011425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1384195/000162828023011425/rei-20230411.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-011425
- JSON: https://secwatch.observer/filing/0001628280-23-011425.json
- Plain text: https://secwatch.observer/filing/0001628280-23-011425.txt

## Key facts
- Material Agreements
  RING ENERGY, INC. amended Warrant Amendment and Exercise Agreements with certain holders of the warrants valued at $8,997,543.
  - Action: amendment
  - Counterparty: certain holders of the warrants
  - Value: $8,997,543
  source text: On April 11 and 12, 2023, the Company and certain holders of the warrants (the “Participating Holders”) entered into a form of Warrant Amendment and Exercise Agreements (the “Exercise Agreement”) pursuant to which the Company agreed to reduce the exercise price of an aggregate of 14,512,166 warrants held by such Participating Holders from $0.80 to $0.62 per share (the “Reduced Exercise Price”) in consideration for the exercise of the warrants held by such Participating Holder in full at the Reduced Exercise Price in cash. The Company received aggregate gross proceeds of $8,997,543 from the exercise of the warrants by the Participating Holders pursuant to the Exercise Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1384195/000162828023011425/0001628280-23-011425-index.htm

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