Vital energy announces conversion of 2.0% cumulative mandatorily convertible series a preferred stock

Tulsa, ok, may 28, 2024 (globe newswire) -- vital energy, inc. (nyse: vtle) ("vital energy" or the "company") today announced its intention to mandatorily convert all outstanding shares of its 2.0% cumulative mandatorily convertible series a preferred stock, par value $0.01 per share (the "series a preferred stock"), into shares of the company's common stock, par value $0.01 per share, on june 4, 2024 pursuant to the terms of the certificate of designations of 2.0% cumulative mandatorily convertible series a preferred stock. holders of series a preferred stock do not need to take any action. as of may 28, 2024, the company had 1,575,376 shares of series a preferred stock outstanding.
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