Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0.00176782557454317 0.00176782557454317 0.00176782557454317
Stock impact report

Infinity Natural Resources Announces Increased Interest in Antero Ohio Acquisition Funded with $350 Million Strategic Equity Investment

Infinity Natural Resources, Inc. Class A (INR) 
Company Research Source: Business Wire
Leading Energy-Focused Private Capital Investors Quantum Capital Group and Carnelian Energy Capital Make Strategic Convertible Preferred Stock Investment MORGANTOWN, W.Va.--(BUSINESS WIRE)--Infinity Natural Resources, Inc. (“Infinity” or the “Company”) (NYSE: INR) today announced that it agreed to increase its interest from 51% to 60% in the transformational $1.2 billion Antero Ohio Utica Shale Acquisition pursuant to an agreement with Northern Oil and Gas, Inc., using a portion of the proceeds of a $350 million strategic equity investment (the “Investment”) from leading energy-focused private capital investors Quantum Capital Group ("Quantum") and Carnelian Energy Capital Management ("Carnelian"). The Investment in Series A Convertible Preferred Stock (“Preferred Stock”) significantly reduces the Company’s pro forma leverage and increases its liquidity. The Investment positions Infinity to continue to accelerate development of its extensive drilling inventory and pursue additional Show less Read more
Impact Snapshot
Event Time:
INR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
INR alerts

from News Quantified
Opt-in for
INR alerts

from News Quantified