Permian Resources announces secondary offering of 46M shares

Permian Resources Corporation (NYSE:PR [https://seekingalpha.com/symbol/PR]) has announced a public offering of 46,112,899 shares [https://seekingalpha.com/pr/20231420-permian-resources-corporation-announces-secondary-public-offering-of-class-a-common-stock] of its Class A common stock, which will be sold by affiliates of Pearl Energy Investments and Riverstone Investment Group.

The company itself will not sell any shares or receive any proceeds from this offering.

However, it plans to concurrently purchase 2 million common units from some of the selling stockholders, at the same price as the shares are sold. This purchase is contingent on the successful completion of the public offering.

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