Warburg Pincus Amends Ring Energy Stake Filing

TL;DR

WP just updated their Ring Energy (REI) filing - big player making moves.

AI Summary

On September 20, 2024, Warburg Pincus & Co. and its affiliates filed an SC 13D/A amendment regarding their holdings in Ring Energy, Inc. The filing indicates a change in beneficial ownership, with Warburg Pincus entities now holding a significant stake in the company. Specific details on the exact percentage change or dollar value of the stake were not immediately clear from the provided text but represent a material update to their previous filings.

Why It Matters

This filing signals a potential shift in control or influence for Ring Energy, Inc., as a major investment firm updates its ownership disclosure.

Risk Assessment

Risk Level: medium — Changes in major shareholder filings can indicate strategic shifts or potential activism, impacting the company's future direction.

Key Players & Entities

• Warburg Pincus & Co. (company) — Filing entity
• Ring Energy, Inc. (company) — Subject company
• 1725 Hughes Landing Blvd., Suite 900, The Woodlands, TX 77380 (location) — Ring Energy's business address

FAQ

Key Financial Figures

• $0.001 — suer) Class A common stock, par value $0.001 per share (Title of Class of Securiti
• $1.64 — 00 shares of Common Stock at a price of $1.64 per share pursuant to Rule 144 under th

Filing Documents

• d850771dsc13da.htm (SC 13D/A) — 429KB
• d850771dex241.htm (EX-24.1) — 46KB
• 0001193125-24-223103.txt ( ) — 478KB

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 198,172,372 shares of Common Stock outstanding as of August 6, 2024, as reported on the Issuers Quarterly Report on Form 10-Q filed with the SEC on August 6, 2024. The securities reported herein were previously received by the Reporting Persons pursuant to a distribution by Stronghold Energy II Operating, LLC ( Stronghold OpCo ) to its members on March 4, 2024, as disclosed in Amendment No. 3. On September 18, 2024, certain of the Reporting Persons sold an aggregate of 6,200,000 shares of Common Stock at a price of $1.64 per share pursuant to Rule 144 under the Securities Act of 1933 (the Rule 144 Sale ), including: 1,750,260 shares sold by Warburg Pincus Energy (E&P)-A, L.P.; 1,116,930 shares sold by WP Energy Stronghold Holdings, L.P.; 91,450 shares sold by WP Energy Partners Stronghold Holdings, L.P.; 105,710 shares sold by Warburg Pincus Energy (E&P) Partners-A, L.P.; 35,650 shares sold by Warburg Pincus Energy (E&P) Partners-B Stronghold, LLC; 1,132,895 shares sold by Warburg Pincus Private Equity (E&P) XII (A), L.P.; 27,187 shares sold by Warburg Pincus Private Equity (E&P) XII-D (A), L.P.; 41,137 shares sold by Warburg Pincus Private Equity (E&P) XII-E (A), L.P.; 74,090 shares sold by WP XII (E&P) Partners (A), L.P.; 1,616,309 shares sold by WP XII Stronghold Holdings, L.P.; 190,650 shares sold by Warburg Pincus XII (E&P) Partners-1, L.P.; and 17,732 shares sold by Warburg Pincus XII (E&P) Partners-2 Stronghold, LLC. Following the Rule 144 Sale, the shares of Common Stock are directly held as follows: 11,269,598 shares held by Warburg Pincus Energy (E&P)-A, L.P.; 7,191,704 shares held by WP Energy Stronghold Holdings, L.P.; 588,82

View Full Filing

View this SC 13D/A filing on SEC EDGAR