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Warburg Pincus, a significant stakeholder in Ring Energy, Inc. (NYSEAMERICAN:REI), has recently sold 6,575,000 shares of the company’s common stock. The shares were sold at a price of $1.23 each, amounting to a total transaction value of approximately $8.1 million. Following this sale, Warburg Pincus holds 28,945,643 shares of Ring Energy. The stock has shown resilience with a 10% return over the past year, trading between $350.08 and $445.42 during the period, according to InvestingPro data.
These transactions were executed through various Warburg Pincus entities, including Warburg Pincus Energy (E&P)-A, L.P. and WP Energy Stronghold Holdings, L.P., among others. The shares are held indirectly, as noted in the filing, with ownership structured through multiple layers of partnerships and limited liability companies.
The SEC filing, signed by Harsha Marti, an authorized signatory for Warburg Pincus & Company US, LLC, outlines the details of the transactions and the entities involved. Despite the sale, Warburg Pincus remains a significant shareholder in Ring Energy.
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