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Viper Energy Launches Secondary Common Stock Offering By Certain Stockholders and Concurrent Stock Repurchase
MIDLAND, Texas, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”) announced today the launch of an underwritten public offering of
About this update from Viper Energy, Inc.
[{"type":"text","content":"MIDLAND, Texas, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ: VNOM) (“Viper”) announced today the launch of an underwritten public offering of 9,018,760 shares of its Class A common stock by certain selling stockholder, subject to market and other conditions (the “Secondary Offering”). Viper will not receive any proceeds from the sale of the shares by the selling stockholder. Subject to the completion of the Secondary Offering and as part of Viper’s stock repurchase program, Viper intends to purchase from the underwriter at least one million of the shares of its Class A common stock being sold as part of the Secondary Offering at a price per share equal to the price per share paid by the underwriter to the selling stockholder. Barclays is acting as book running manager for the Secondary Offering. When available, copies of the written prospectus and prospectus supplement for the Secondary Offering may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; [email protected]; (888) 603-5847. The Class A common stock will be sold pursuant to an effective automatic shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The Secondary Offering may only be made by means of a prospectus supplement and related base prospectus. About Viper Energy, Inc. Viper is a publicly traded Delaware corporation that owns and acquires mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin. For more information, please visit www.viperenergy.com. Cautionary Note Regarding Forward-Looking Statements The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included in this press release, regarding the completion of the Secondary Offering...