Permian Resources (NYSE: PR) removes 79M unsold registered shares post-reorg
Rhea-AI Filing Summary
Permian Resources Corporation is withdrawing 79,150,389 unsold shares of Class A common stock from a previously effective shelf registration. The original registration statement covered 334,064,083 shares of Class A common stock, including shares issuable upon redemption of OpCo Units held by certain selling stockholders. After a holding company reorganization, a new Permian Resources Corporation became the direct parent of the prior registrant and replaced it as the NYSE-traded public company under the ticker "PR." Because the prior registrant has terminated all offerings under the old registration statement, it is now removing the remaining unsold shares from registration and asking that the related SEC filing fees be credited for future use.
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FAQ
What action is Permian Resources Corporation (PR) taking in this amendment?
Permian Resources Corporation is filing a post-effective amendment to withdraw and remove from registration 79,150,389 unsold shares of its Class A common stock that were previously registered but not sold under an effective shelf registration statement.
How many shares were originally registered under the prior shelf registration?
The earlier registration statement covered 334,064,083 shares of Class A common stock, including shares issuable upon the exercise of certain selling stockholders’ rights of redemption of OpCo Units in Permian Resources Operating, LLC.
Why is Permian Resources Corporation deregistering these unsold shares?
Following a holding company reorganization in which a new Permian Resources Corporation became the direct parent of the prior registrant and the listed NYSE company, the prior registrant terminated all offerings under the registration statement and is now removing any remaining unsold shares from registration.
What corporate reorganization did PR complete in connection with this change?
Under a Master Reorganization Agreement, a merger subsidiary combined with the prior Permian Resources Holdings Inc., leaving that company as a wholly owned subsidiary of the new Permian Resources Corporation, which became the direct parent and replaced it as the public company trading on the NYSE under the ticker "PR."
Does this amendment affect selling stockholders’ OpCo Unit redemption rights?
The amendment notes that the original registration covered Class A common stock issuable upon redemption of OpCo Units, but this filing is limited to deregistering 79,150,389 unsold shares previously registered under that statement.
What is Permian Resources Corporation requesting regarding SEC filing fees?
The company is requesting under Rule 457(p) that all fees previously paid in connection with the registration statement be credited for future use to the company’s account.