Holders convert 35,000 Series B Preferred shares; NFE issues 3.88M common shares with 6.9M more possible

New Fortress Energy Inc.

On Jan 6, 2025, holder converted 20,000 Series B Preferred shares, requiring delivery of 2,208,612 common shares by Jan 21, 2025.
Previously on Jan 3, 2025, same holder converted 15,000 shares, receiving 1,673,674 common shares.
Total common shares issued so far: 3,882,286 from 35,000 preferred shares converted.
Remaining 61,746 preferred shares are convertible into up to 6,895,873 common shares.
Issuance exempt under Securities Act Section 3(a)(9) as exchange with existing holder.

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