Ramaco Resources Provides Update Regarding Transition To New Dual-Class Share Structure; Class B Common Stock Will Provide Holders Direct Participation In Financial Performance Of Core Assets
Portfolio Pulse from Benzinga Newsdesk
Ramaco Resources (NASDAQ:METC) announced the approval of a new dual-class share structure, creating Class B common stock. This new class will provide holders direct participation in the financial performance of the CORE Assets, consisting of three non-cost bearing revenue streams.
June 12, 2023 | 8:18 pm
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Ramaco Resources' new Class B common stock will provide holders direct participation in the financial performance of the CORE Assets, potentially attracting new investors.
The creation of Class B common stock allows existing shareholders to directly participate in the financial performance of the CORE Assets. This could attract new investors interested in the specific revenue streams, potentially driving up the stock price in the short term.
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