Warburg Pincus Affiliates Amend Ring Energy Stake Filing

TL;DR

WP affiliates updated their Ring Energy stake filing on 3/6/24. Watch this space.

AI Summary

On March 6, 2024, Stronghold Energy II Holdings, LLC and its affiliates, including Warburg Pincus & Co, filed an amendment to their Schedule 13D concerning Ring Energy, Inc. The filing indicates a change in beneficial ownership, with the group now holding a significant stake in the company. Specific details on the exact percentage or number of shares acquired in this amendment were not immediately clear from the provided header information.

Why It Matters

This filing signals a potential shift in control or influence over Ring Energy, Inc. by a major investment firm, which could impact the company's strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can indicate activist investor activity or significant stake-building, which may lead to volatility.

Key Players & Entities

• Stronghold Energy II Holdings, LLC (company) — Filing entity
• Warburg Pincus & Co (company) — Affiliated entity
• Ring Energy, Inc. (company) — Subject company

FAQ

Key Financial Figures

• $0.001 — ssuer) Class A common stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• tm248083d1_sc13da.htm (SC 13D/A) — 357KB
• 0001104659-24-031474.txt ( ) — 360KB

Security and Issuer

Item 1. Security and Issuer. This Amendment No. 3 to Schedule 13D (the “Amendment”) relates to the shares of Common Stock, $0.001 par value per share (“Common Stock”), of Ring Energy, Inc., a Nevada corporation (the “Issuer”), whose principal executive office is located at 1725 Hughes Landing Blvd. Suite 900, The Woodlands, Texas 77380. This Amendment amends the Schedule 13D (the “Original Schedule 13D”), Amendment No. 1, filed with the Securities and Exchange Commission (the “SEC”) on October 31, 2022 (“Amendment No. 1”), and Amendment No. 2, filed with the SEC on August 25, 2023 (“Amendment No. 2,” and together with the Original Schedule 13D and Amendment No. 1, the “Schedule 13D”). All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D. Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Schedule 13D.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

of the Schedule 13D is hereby amended as follows

Item 5 of the Schedule 13D is hereby amended as follows: (a)– (b) The information relating to the beneficial ownership of the Common Stock by each of the Reporting Persons set forth in Rows 7 through 13 of the cover pages hereto is incorporated by reference herein and is as of the date hereof. Such information assumes there are 195,630,301 shares of Common Stock outstanding as of November 2, 2023, as reported on the Issuer’s Form 10-Q filed with the SEC on November 2, 2023. After a distribution on September 11, 2023 of 874,210 shares of Common Stock to the former members of its management team, on March 4, 2024, the remaining 46,120,643 shares of Common Stock previously reported as directly held by Stronghold OpCo were distributed to its members (the “Distribution”), all of which are entities affiliated with Warburg Pincus & Company US, LLC (“Warburg Pincus”) that previously reported indirect beneficial ownership of the reported securities. Following the Distribution, the reported securities are directly held as follows: Warburg Pincus Energy (E&P)-A, L.P. directly holds 13,019,858 Common Shares; WP Energy Stronghold Holdings, L.P. directly holds 8,308,634 Common Shares; WP Energy Partners Stronghold Holdings, L.P. directly holds 680,279 Common Shares; Warburg Pincus Energy (E&P) Partners-A, LP directly holds 786,357 Common Shares; Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC directly holds 265,194 Common Shares; Warburg Pincus Private Equity (E&P) XII (A), L.P. directly holds 8,427,394 Common Shares; Warburg Pincus Private Equity (E&P) XII-D (A), L.P. directly holds 202,239 Common Shares; Warburg Pincus Private Equity (E&P) XII-E (A), L.P. directly holds 306,010 Common Shares; WP XII (E&P) Partners (A), L.P. directly holds 551,142 Common Shares; WP XII Stronghold Holdings, L.P. directly holds 12,023,421 Common Shares; Warburg Pincus XII (E&P) Partners-1, L.P. directly holds 1,418,210 Common Shares; and Warburg Pincus

Materials to be Filed as Exhibits

Item 7. Materials to be Filed as Exhibits. Exhibit 1 Joint Filing Agreement (incorporated by reference to Exhibit 1 of the Schedule 13D filed with the SEC on September 12, 2022). 28 SC 13D/A 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. Dated: March 6, 2024 STRONGHOLD ENERGY II OPERATING, LLC By: Stronghold Energy Intermediate LLC By: /s/ David Sreter Name: David Sreter Title: Authorized Signatory 29

View Full Filing

View this SC 13D/A filing on SEC EDGAR