Natural Resource Partners (NRP) has released an update.
On January 29, 2024, Natural Resource Partners L.P. warrant holders exercised 462,165 warrants at a $34.00 strike price. The Partnership resolved the exercise on January 31, 2024, by distributing $10 million in cash and 198,767 common units. The 15-day Volume Weighted Average Price (VWAP) just before the exercise date was $97.62. After this exercise, 1.08 million of the original 4.0 million warrants remain unexercised.
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For a comprehensive understanding of the announcement, you can read the full document here.
