Business
Reservoir Has Received Non-Binding Indication of Interest from Irenic Capital Management
No Shareholder Action Required at This Time NEW YORK, NY / ACCESS Newswire / March 3, 2026 / Reservoir Media, Inc. (NASDAQ:RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, today announced that it has received an unsolicited, ...
About this update from Reservoir Media, Inc..
[{"type":"text","content":"No Shareholder Action Required at This Time","length":43,"tagName":"p"},{"type":"text","content":"NEW YORK, NY / ACCESS Newswire / March 3, 2026 / Reservoir Media, Inc. (NASDAQ:RSVR) ("Reservoir" or the "Company"), an award-winning independent music company, today announced that it has received an unsolicited, non-binding and conditional indication of interest from one of its shareholders, Irenic Capital Management, LP ("Irenic"), pursuant to which Irenic proposes to acquire all of the Company's outstanding equity at a price of between $10.00 and $11.00 per share in cash.","length":514,"tagName":"p"},{"type":"text","content":"Reservoir's Board of Directors is evaluating the indication of interest to determine the course of action that is in the best interests of the Company and all of its shareholders.","length":183,"tagName":"p"},{"type":"text","content":"Reservoir does not intend to comment further or disclose any developments regarding the indication of interest unless and until it deems further disclosure is appropriate or required.","length":183,"tagName":"p"},{"type":"text","content":"The Company's shareholders do not need to take any action at this time.","length":75,"tagName":"p"},{"type":"text","content":"ABOUT RESERVOIR","length":15,"tagName":"p"},{"type":"text","content":"Reservoir is an independent music company based in New York City and with offices in Los Angeles, Nashville, Toronto, London, Abu Dhabi, and Mumbai. Reservoir is the first female-founded and led publicly traded independent music company in the U.S. Founded as a family-owned music publisher in 2007, Reservoir represents copyrights and master recordings including titles dating as far back as 1900 and hundreds of #1 releases worldwide. Reservoir frequently holds a Top 10 U.S. Market Share according to Billboard's Publishers Quarterly, was twice named Publisher of the Year by Music Business Worldwide's The A&R Awards and won Independent Publisher of the Year at the 2020 and 2022 Music Week Awards.","length":714,"tagName":"p"},{"type":"text","content":"Reservoir also represents a multitude of recorded music through Chrysalis Records, Tommy Boy Music, and Philly Groove Records and manages artists through its ventures with Blue Raincoat Music and Big Life Management.","length":216,"tagName":"p"},{"type":...