Vital Energy converting 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock to common stock

From GlobeNewswire: 2024-05-28 16:30:00

Vital Energy, Inc. will convert all outstanding shares of its 2.0% Cumulative Mandatorily Convertible Series A Preferred Stock into common stock on June 4, 2024. This move is part of the terms outlined in the Certificate of Designations. Holders of Series A Preferred Stock do not need to take any action. The Company currently has 1,575,376 shares of Series A Preferred Stock outstanding. After conversion, the Series A Preferred Stock will cease to exist. Vital Energy is an independent energy company focusing on oil and gas properties in the Permian Basin of West Texas. For more information, visit their website.



Read more at GlobeNewswire: Vital Energy Announces Conversion of 2.0% Cumulative