Glazer Capital and Paul J. Glazer Report No Ownership in PHX Minerals

Rhea-AI Filing Summary

Glazer Capital, LLC and Paul J. Glazer filed a Schedule 13G/A reporting that they do not beneficially own any shares of PHX Minerals Inc. common stock. The filing shows an aggregate amount of 0.00 shares, representing 0.00% of the class, with 0 sole and shared voting powers and 0 sole and shared dispositive powers. The statement clarifies that Glazer Capital acts as investment manager to certain funds and managed accounts and that Mr. Glazer is the Managing Member of Glazer Capital. The filing includes a certification that the securities were not acquired to influence control of the issuer.

Insights

Financial Analyst

TL;DR: Reported holdings are zero, so this filing has no material impact on PHX Minerals' ownership or valuation.

The Schedule 13G/A discloses 0.00 shares beneficially owned by Glazer Capital and Paul J. Glazer, equating to 0.00% of the outstanding common stock. Glazer Capital is identified as an investment manager (types listed include IA and OO) and Mr. Glazer is listed as an individual (IN). From a financial perspective, the lack of holdings means there is no buy-side position, no reported accumulation, and no immediate market-significant action tied to these reporting persons.

Corporate Governance Expert

TL;DR: Zero reported ownership and an explicit certification indicate no governance influence or proxy activity from the reporting parties.

The filing explicitly states that the reporting persons hold 0 voting and dispositive powers and certified that the securities were not acquired to change control. Given those facts, there is no change to board influence or control dynamics arising from Glazer Capital or Paul J. Glazer based on this filing. This is a routine disclosure reflecting non-ownership rather than an active governance development.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

PHX MINERALS INC.

(Name of Issuer)

Common Stock, $0.01666 par value

(Title of Class of Securities)

69291A100

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 69291A100

1

Names of Reporting Persons

Glazer Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.00 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP No. 69291A100

1

Names of Reporting Persons

Paul J. Glazer

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.00 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PHX MINERALS INC.
(b)	Address of issuer's principal executive offices: 1320 South University Drive, Suite 720, Fort Worth, Texas 76107
Item 2.
(a)	Name of person filing: This statement is filed by: (i) Glazer Capital, LLC, a Delaware limited liability company ("Glazer Capital"), with respect to the shares of Common Stock (as defined in Item 2(d)) held by certain funds and managed accounts to which Glazer Capital serves as investment manager (collectively, the "Glazer Funds"); and (ii) Mr. Paul J. Glazer ("Mr. Glazer"), who serves as the Managing Member of Glazer Capital, with respect to the shares of Common Stock held by the Glazer Funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the shares of Common Stock (as defined in Item 2(d)) reported herein.
(b)	Address or principal business office or, if none, residence: The address of the business office of each of the Reporting Persons is 250 West 55th Street, Suite 30A, New York, New York 10019.
(c)	Citizenship: Glazer Capital is a Delaware limited liability company. Mr. Glazer is a United States citizen.
(d)	Title of class of securities: Common Stock, $0.01666 par value
(e)	CUSIP No.: 69291A100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0.00
(b)	Percent of class: 0.00 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Glazer Capital, LLC

Signature:	Paul J. Glazer
Name/Title:	Paul J. Glazer, Managing Member
Date:	08/14/2025

Paul J. Glazer

Signature:	Paul J. Glazer
Name/Title:	Paul J. Glazer
Date:	08/14/2025

FAQ

What did the Schedule 13G/A filed for PHX (PHX) report?

The filing reports that Glazer Capital, LLC and Paul J. Glazer beneficially own 0.00 shares of PHX Minerals common stock, or 0.00% of the class.

Does Glazer Capital have voting or dispositive power over PHX shares?

No. The filing shows 0 sole and shared voting powers and 0 sole and shared dispositive powers for the reporting persons.

What role does Paul J. Glazer have with Glazer Capital according to the filing?

The filing identifies Paul J. Glazer as the Managing Member of Glazer Capital.

Did the reporting persons acquire shares to influence control of PHX?

No. The certification states the securities were not acquired and are not held for the purpose of changing or influencing control of the issuer.

How much of PHX does Glazer Capital manage on behalf of funds per this filing?

The filing states Glazer Capital serves as investment manager to certain funds and managed accounts but reports 0.00 shares beneficially owned on their behalf.