Royale Energy ( (ROYL) ) has shared an update.
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Royale Energy Inc. successfully executed strategic financial transactions to simplify its capital structure by exchanging Series B Preferred Stock for common stock, stock options, and unsecured promissory notes. This effort resolved over $24 million in liquidation preferences and $3 million of liabilities, aligning stakeholder interests with the company’s growth strategy. The CEO emphasized unified shareholder value, positioning Royale for new opportunities and improved access to capital.
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