Genie Energy Files 2024 10-K, Reports $1M Share Sale
Ticker: GNE · Form: 10-K · Filed: Mar 14, 2025 · CIK: 1528356
Sentiment: neutral
Topics: 10-K, annual-report, share-sale
TL;DR
Genie Energy's 2024 10-K is in, they sold $1M in stock & warrants. Looks like they're raising capital.
AI Summary
Genie Energy Ltd. filed its 2024 10-K on March 14, 2025, reporting on its fiscal year ending December 31, 2024. The company, incorporated in Delaware and headquartered in Newark, NJ, is in the electric and other services sector. During the period, Genie Energy sold treasury shares for $1.0 million and issued warrants for an additional 209,644 shares.
Why It Matters
This filing provides a comprehensive overview of Genie Energy's financial performance and strategic activities for the past fiscal year, offering insights into its operational health and future outlook.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not contain immediate red flags or significant new risks.
Key Numbers
- $1.0M — Treasury Share Sale (Capital raised from selling treasury shares to an investor.)
- 209,644 — Warrants Issued (Additional shares that can be purchased via warrants.)
Key Players & Entities
- Genie Energy Ltd. (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-03-14 (date) — Filing date
- $1.0 million (dollar_amount) — Aggregate sales price for treasury shares
- 209,644 (dollar_amount) — Number of shares covered by warrants
FAQ
What is the primary business of Genie Energy Ltd.?
Genie Energy Ltd. operates in the ELECTRIC & OTHER SERVICES COMBINED sector, as indicated by its SIC code 4931.
When did Genie Energy Ltd. file its 2024 annual report?
Genie Energy Ltd. filed its 10-K for the fiscal year ending December 31, 2024, on March 14, 2025.
What was the total amount raised from the sale of treasury shares?
The company sold treasury shares for an aggregate sales price of $1.0 million.
What is the address of Genie Energy Ltd.'s headquarters?
Genie Energy Ltd.'s business and mail address is 520 Broad Street, Newark, NJ 07012.
What is the SEC file number for Genie Energy Ltd.'s filings?
Genie Energy Ltd.'s SEC file number is 001-35327.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 14, 2025 regarding Genie Energy Ltd. (GNE).